Complyport – DORA - Complyport UK Consultancy Service

Digital Operational Resilience Act (DORA)

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WHAT IS DORA?

DORA, The Digital Operations Resilience Act, is an EU regulation aimed at strengthening the digital operational resilience of financial institutions. It mandates that companies in the financial sector implement robust measures to safeguard against and respond to Information and Communication Technology (ICT) -related disruptions, ensuring they can operate securely in the face of cyber threats and other digital risks.

WHY COMPLIANCE IS ESSENTIAL

As financial systems become increasingly digital, adhering to DORA’s standards helps institutions protect their data, operations, and reputation from the growing landscape of cyber threats.

Compliance with DORA is crucial for companies in order to avoid penalties, maintain customer trust, and ensure continuous, secure operations.

THE 5 KEY AREAS OF DORA

ICT Risk Management: Financial entities must establish a robust framework to identify, assess, monitor, and manage ICT risks. This ensures the continuity and security of operations by adapting to emerging digital threats.
ICT Incident Reporting: Firms are required to report significant ICT-related incidents to authorities in a standardised format. This enables timely communication and helps protect the stability of the financial system.
Digital Operational Resilience Testing: Regular testing of digital resilience is mandatory to ensure systems can withstand and recover from disruptions. This includes vulnerability assessments and various forms of scenario-based testing.
Third-Party Risk Management: Firms must carefully manage risks associated with third-party ICT service providers, especially for critical functions. This involves due diligence, contractual safeguards, and ongoing monitoring to ensure compliance with standards.
Information and Intelligence Sharing: DORA promotes the sharing of information on cyber threats and incidents within the financial sector to enhance collective resilience against ICT risks.

how complyport can help

Complyport offers comprehensive compliance solutions tailored to meet DORA’s requirements. Our services include:

Gap Analysis and Risk Assessment: Identifying areas that need improvement to meet DORA standards.
Development and Implementation of DORA Compliance Framework: Developing bespoke DORA compliance frameworks which outline the policies, procedures, and technical controls needed to achieve and maintain compliance.
Technical Support on DORA Requirements: Assisting with the implementation of technical controls such as ICT risk management and governance, incident reporting and response, digital operational resilience testing, penetration testing and establishing threat intelligence mechanisms.
Third-Party Risk Assessment: Assessing your vendors’ security and ensuring they comply with DORA, including reviewing your contractual agreements on the use of ICT services provided by ICT Third-Party Service Providers.
Training and Awareness: Educating staff on best practices for digital operational resilience.
Ongoing Support and Maintenance: Helping you stay up to date with regulatory changes and ensuring your compliance framework remains effective.

Complyport stands out for its deep expertise in regulatory compliance and its commitment to personalised service. With a dedicated ICT/cybersecurity team, we offer a seamless path to DORA compliance, ensuring that your company not only meets regulatory requirements but also strengthens its overall operational resilience. Partner with Complyport for expert guidance, proactive solutions, and peace of mind in navigating the complexities of DORA.

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Why choose Complyport?

Extensive Regulatory Expertise
With over 22 years of experience in the financial services industry, Complyport offers unparalleled expertise in regulatory compliance, ensuring your firm stays ahead of evolving regulations.
Tailored Compliance Solutions
We provide bespoke compliance solutions that are specifically designed to meet the unique needs of your business, ensuring that all regulatory requirements are met efficiently and effectively.
Senior-Level Guidance
Our team of seasoned professionals, including former regulators and industry experts, leads all engagements, offering deep insights and practical advice to help you manage compliance risks effectively.

Comprehensive Service Offering
From AML audits to risk management and regulatory reporting, Complyport provides a full spectrum of compliance services, allowing you to streamline your compliance processes and focus on your core business activities.
Client-Centric Approach
We prioritise open and transparent communication, building strong relationships with our clients based on trust and mutual respect. Our commitment to excellence ensures that we deliver high-quality services with courtesy, patience, and flexibility.
Innovative Fintech, Regtech, and AI Solutions
Leveraging cutting-edge fintech, regtech, and AI tools, Complyport enhances your compliance processes with advanced technology, ensuring accuracy, efficiency, and real-time regulatory updates. Our innovative solutions empower your firm to stay compliant while maximising operational efficiency.

Extensive Regulatory Expertise

With over 22 years of experience in the financial services industry, Complyport offers unparalleled expertise in regulatory compliance, ensuring your firm stays ahead of evolving regulations.

Tailored Compliance Solutions

We provide bespoke compliance solutions that are specifically designed to meet the unique needs of your business, ensuring that all regulatory requirements are met efficiently and effectively.

Senior-Level Guidance

Our team of seasoned professionals, including former regulators and industry experts, leads all engagements, offering deep insights and practical advice to help you manage compliance risks effectively.

Comprehensive Service Offering

From AML audits to risk management and regulatory reporting, Complyport provides a full spectrum of compliance services, allowing you to streamline your compliance processes and focus on your core business activities.

Client-Centric Approach

We prioritise open and transparent communication, building strong relationships with our clients based on trust and mutual respect. Our commitment to excellence ensures that we deliver high-quality services with courtesy, patience, and flexibility.

Innovative Fintech, Regtech, and AI Solutions

Leveraging cutting-edge fintech, regtech, and AI tools, Complyport enhances your compliance processes with advanced technology, ensuring accuracy, efficiency, and real-time regulatory updates. Our innovative solutions empower your firm to stay compliant while maximising operational efficiency.

Digital Operational Resilience Act (DORA)

Get In Touch

WHAT IS DORA?

WHY COMPLIANCE IS ESSENTIAL

THE 5 KEY AREAS OF DORA

how complyport can help

get started

Nicola Christofides
Assistant Director

Kumar Ved
Managing Director

Why choose Complyport?

Extensive Regulatory Expertise

Tailored Compliance Solutions

Senior-Level Guidance

Comprehensive Service Offering

Client-Centric Approach

Innovative Fintech, Regtech, and AI Solutions

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