Digital Operational Resilience Act (DORA)
Spirity Enterprise’s End to End Solution with BlueVoyant
Spirity Enterprise has joined forces with BlueVoyant to offer a comprehensive and innovative solution for the recently introduced Data Ownership and Regulatory Accountability (DORA) framework. By combining Spirity Enterprise’s specialist technological knowledge with BlueVoyant’s extensive cybersecurity capabilities, the partnership offers businesses a unique opportunity to achieve regulatory compliance with confidence. The Digital Operational Resilience Act (DORA) is a new regulation (EU) 2022/2554 that aims to improve the resilience and security of the European Union’s financial sector. Introducing the DORA, a comprehensive framework designed to safeguard your business from digital disruptions and enhance operational resilience. In today’s interconnected world, where digital systems play a crucial role in every industry, ensuring the reliability, security, and continuity of your operations has never been more important. As experts in financial sector, we are here to support your business in navigating the complexities of DORA implementation. Our team of experienced professionals will guide you through the process, ensuring a smooth transition and helping unlock the benefits of enhanced operational resilience.
Key Benefits of DORA:
1. Strengthened Operational Resilience:
DORA empowers organizations to identify, manage, and mitigate potential risks arising from cyber threats, technology failures, and other disruptions. By adhering to DORA guidelines, your business can proactively protect critical operations and maintain services during challenging times.
2. Enhanced Regulatory Compliance: Compliance with DORA ensures your business stays ahead of evolving regulatory requirements. By aligning with industry standards and best practices, you demonstrate a commitment to operational resilience, instilling trust among customers, partners, and stakeholders.
3. Holistic Risk Management: DORA encourages a comprehensive approach to risk management, focusing on both individual entities and the wider ecosystem. By considering interconnected dependencies, you can effectively address potential vulnerabilities, reducing the likelihood of widespread disruptions.
4. Streamlined Reporting:
DORA simplifies reporting processes by establishing standardized templates and formats. With clearer guidelines, your organization can efficiently communicate its operational resilience posture to regulators, fostering transparency and minimizing compliance burdens.
5. Innovation Enablement:
While DORA emphasizes resilience, it also recognizes the importance of innovation and technological advancements. By striking a balance between risk management and innovation, DORA enables businesses to embrace digital transformation while minimizing potential vulnerabilities.
Timeline of DORA:
November 2022 Adoption of DORA
EU institutions adopted DORA as it was approved
16th January 2023 DORA enters into Force
Marks the adoption of the DORA as an official EU Regulation
17th January 2025 DORA implementation ends
DORA will be entirely binding and applicable for all member states
Key Features of Our Services:
1. Achieve operational excellence through Spirity’s comprehensive gap analysis and audit services, providing you E2E solutions with actionable recommendations from our skilled IT consultants.
2. Vendor Risk Management: BlueVoyant helps organizations assess and manage the risks associated with their third-party vendors. They provide comprehensive vendor risk assessments, evaluate their cybersecurity practices, and identify potential vulnerabilities. This supports compliance with DORA’s requirements for managing third-party risks.
6. Real-Time Threat Detection: BlueVoyant Security Operation Center (SOC) utilizes state-of-the-art threat intelligence and advanced analytics to identify and respond to cyber threats in real time with 24/7 monitoring and alerting capabilities.
7. Proactive Vulnerability Management: Our experts conduct comprehensive assessments to identify vulnerabilities in your systems, applications, and infrastructure. Through continuous monitoring and remediation efforts, we help you maintain a robust security posture.
3. Incident Response services extend to third-party incidents as well. In the event of a cyber incident affecting a vendor, we can provide assistance and coordination to ensure a swift and effective response, minimizing the impact on the organization’s operational resilience.
4. Our Fraud Prevention solutions help detect and prevent fraud attempts targeting an organization’s brand or customers. By leveraging advanced analytics and threat intelligence, they can identify fraudulent activities, such as phishing campaigns or online scams, thereby mitigating the risk of financial loss and reputational damage.
5. Cybersecurity Monitoring offers continuous monitoring and threat intelligence services to organizations and their third-party vendors. They help detect and respond to potential cyber threats, ensuring that all parties involved have effective cybersecurity measures in place as required by DORA.
8. Incident Response and Recovery: In the event of a cyber incident, our SOC provides swift and efficient incident response services. We investigate, and remediate security breaches, minimizing the impact on your operations and ensuring a rapid recovery. .
9. Compliance Readiness: Achieving compliance with DORA is easy as our solution aligns with the act’s requirements, helping you establish the necessary controls, reporting mechanisms, and risk management processes. We provide the documentation and support you need to demonstrate your adherence to DORA’s operational resilience standards.
10. Continuous Security Improvement: Our SOC is committed to continuously improving your organization’s security posture through regular assessments, threat hunting, and proactive monitoring.
Protect your business from cyber threats and comply with the Digital Operational Resilience Act with Spirity Enterprise and BlueVoyant’s comprehensive cybersecurity services.