DORA Compliance Services
Digital Operational Resilience Act (DORA) is the latest EU Regulation which aims to make the financial sector fit for the digital age in terms digital advancements and innovations while address the risks stemming from the great reliance on Information and Communication Technologies (ICT).
The DORA regulation seeks to remove the overlaps and inconsistencies and the high compliance costs from the so far uncoordinated national initiatives to the digital resilience of financial firms.
DORA presents both challenges and opportunities for organisations in the financial sector and their critical third-party service providers
At Quadprime, we understand the cyber threat landscape and help organisations move their information security programmes forward, identifying threats and risks and developing comprehensive strategies to mitigate cybersecurity risk so that organisations focus on their business objective and their growth agendas.
We offer customised DORA implementation services, empowering organizations to build robust Digital Operational Resilience frameworks that meet supervisory authority requirements. Enhance risk and threat analysis and mitigation.
How can Quadprime help you?
Here’s how our expertise can benefit you:
DORA Gap Analysis and Risk Assessment:
• We can assess your current security posture against DORA requirements, identifying any gaps or areas needing improvement and prepare a roadmap for closing the gaps
• This includes evaluating your ICT risk management practices, incident response protocols, business continuity plans, and third-party risk management processes.
Development and Implementation of DORA Compliance Framework:
• Based on the gap analysis, we can collaborate with you to develop a bespoke DORA compliance framework.
• This framework will outline the policies, procedures, and technical controls needed to achieve and maintain compliance.
• We can build on any existing framework you have in place such as EBA Guidelines on ICT and security risk management (EBA/GL/2019/04), ISO 27001, etc.
Technical Expertise for DORA Requirements:
• Our team has in-depth knowledge of DORA’s requirements for areas like:
o ICT risk management and governance
o Incident reporting and response
o Digital operational resilience testing
o Penetration testing
o Threat intelligence
o Third-party risk management
• We can assist with implementing these technical controls and ensuring they meet DORA’s specifications.
Third-Party Risk Management:
• DORA emphasizes managing risks associated with third-party service providers. We can help you assess the security posture of your vendors and ensure they adhere to DORA requirements.
• Review your contractual arrangements on the use of ICT services provided by ICT Third-Party Service Providers.
Ongoing Support and Maintenance:
• Maintaining DORA compliance is an ongoing process. We can provide ongoing support to help you stay up-to-date with regulatory changes and ensure your compliance framework remains effective.
Why Choose QuadPrime Cyprus Ltd for DORA Compliance?
• Experienced Team: Our team consists of cybersecurity professionals with extensive experience in compliance frameworks like DORA and ISO standards.
• Proven Track Record: We have a successful history of helping organizations achieve and maintain compliance with various regulations.
• Understanding of the specific regulatory environment: Seamless DORA integration with existing Frameworks to avoid duplication of efforts and minimises the need for additional resources, potentially leading to significant cost savings throughout the compliance process.
• QuadPrime champions a resilience-centric approach, partnering with clients to continuously build their capacity to withstand and recover from increasingly disruptive events.
Contact QuadPrime today to discuss your DORA compliance needs.