DORA Compliance Made Easy
Everything you need to get started with DORA compliance.
What is DORA?
The Digital Operational Resilience Act: A response to third-party risk and global disruption.
The WHAT
DORA aims to shield EU financial institutions from cyber threats, boost resilience, and ensure swift recovery from IT disruptions. It establishes unified digital security standards across member states, strengthening the sector's ability to withstand ICT-related challenges and fostering high-level operational resilience EU-wide.
The WHY
The financial sector faces a surge of sophisticated cyber-attacks, with hackers exploiting vulnerabilities in third-party providers and supply chains. This puts organizations at risk of breaches and disruptions. The EU is mandating financial institutions to prioritize cyber resilience.
DORA Enforcement
What are the consequences of non compliance?
DORA has established serious penalties, those which are enforced by the European Supervisory Authorities (ESAs). These penalties can include:
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Up to 2% of total annual worldwide turnover
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Individual fines and criminal penalties
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Loss of consumer trust and reputational damage
DORA Scope
Organizations impacted by DORA
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Who Must Comply with DORA?
DORA affects financial services organizations operating within EU member states and the third-party service providers they use. Even U.S.-based companies delivering financial or ICT services in the EU need to comply.
- Banks, Investment firms
- Credit Institutions, Credit rating services
- Crowdfunding platforms
- Data analytics, ICT third-party services, Crypto-asset providers
Six Pillars of DORA
- ICT Risk Management
Implement a robust ICT risk management framework, including strategies, policies, and tools to identify, protect against, detect, respond to, and recover from ICT-related risks. - ICT-Related Incident Reporting
Establish and implement a management process to monitor, log, and report significant ICT-related incidents to relevant authorities within specified timeframes. - Digital Operational Resilience Testing
Conduct regular testing of their ICT systems and controls, including vulnerability assessments, penetration tests, and scenario-based testing. - ICT Third-Party Risk Management
Manage risks associated with ICT third-party service providers, including critical providers, through robust contractual arrangements and ongoing monitoring. - Information Sharing
Sharing of cyber threat intelligence and information among financial entities to enhance sector-wide resilience. - ICT Risk Management for Key Third-Party Providers
Critical ICT third-party service providers to financial entities will be subject to an oversight framework to ensure they meet certain standards of digital operational resilience.
Customer Loyalty
HYCU is a Leader in SaaS Backup Software
Read why HYCU customers love our simple, flexible data protection software and have ranked us as a leader in SaaS Backup on G2, the world's largest tech marketplace.
DORA Checklist
What’s New: DORA Backup and Recovery Checklist
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Risk assessment
Develop a framework to identify and assess all ICT services
Align your assessment with established frameworks
Assign stakeholders to manage data protection operations and continuously monitor ICTs,
Align your assessment with established frameworks
Assign stakeholders to manage data protection operations and continuously monitor ICTs,
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Backup requirements
Schedule regular backups
Follow the "3-2-1 rule" and make sure backups are logically separated from the source system.
Ensure backups are accessible during outages or cyber threats
Enable immutability to protect against ransomware.
Implement multi-factor authentication, encryption, and network segmentation
Follow the "3-2-1 rule" and make sure backups are logically separated from the source system.
Ensure backups are accessible during outages or cyber threats
Enable immutability to protect against ransomware.
Implement multi-factor authentication, encryption, and network segmentation
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Incident response & recovery
Assign recovery SLAs in proportionality with the critical nature of the application.
Develop and regularly update disaster recovery plans
Conduct periodic training and simulations to enhance staff preparedness for incident response.
Develop and regularly update disaster recovery plans
Conduct periodic training and simulations to enhance staff preparedness for incident response.
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Demonstrable recovery & reporting
Maintain documentation and records to demonstrate compliance
Leverage advanced tools for continuous monitoring and real-time reporting of backup and recovery activities
Leverage advanced tools for continuous monitoring and real-time reporting of backup and recovery activities
ICT Coverage
HYCU R-Cloud™: Broadest ICT coverage in data protection
Long recognizing the risk of third-party services and applications, HYCU has pioneered the protection of ICTs, no matter where they are. HYCU R-Cloud™ offers one unified platform to see, manage, and protect critical applications and data across your entire organization.
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Visualize your ICTs, expose unprotected services
- Visualize your entire data estate – applications and services across your organization
- Expose ICTs without
- Backup policies
- Offsite storage
- UI-based recovery
- Immediately start protecting applications and visually monitor for protection and compliance
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Automated, DORA-compliant backups
HYCU offers 10x more coverage than any other enterprise backup solution. Designed to automate operations and provide backup assurance, you can:
- Assign backups in one click
- Rest assured with ‘Set and forget’ backups working 24/7
- Modify backup frequencies according to proportionality
- Get notified of all backup activities and events
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Customer controlled backups: Offsite and ransomware-proof
- Automatically store backups in a logically separated, offsite location
- Store data in Amazon S3, Azure Blob, Google Cloud, and other S3-compatible storage targets
- Turn on WORM-enabled, immutable backups
- Store data from days to years
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Demonstrable recovery & resilience testing
- One-click recovery operations of VMs, instances, and cloud applications
- Built-in disaster recovery, with failovers to the cloud and cross-regional recovery in the cloud
- File and configuration level restore across as-a-service applications
- Complete event tracking and audit logs for all backup and recovery operations
Customer Loyalty
Hear how we’re helping our customers in the finance sector.
Learn more about DORA requirements
and stay ahead of the game to ensure compliance before the January deadline hits!
Request a Demo
HYCU Can help you meet DORA's toughest demands.
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Whether your data is on-prem, in the cloud, or across SaaS platforms, HYCU ensures seamless backup and recovery.
With unified policies, logical separation of backups, and complete customer control over storage locations, you’ll have everything you need to stay compliant and protect what matters most!
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