Digital Operational Resilience Act (DORA)

Before Embarking on our journey, it is crucial to have a comprehensive understanding of DORA and its implications.  Familiarise yourself with the key principles and objectives of the legislation to ensure alignment with your company’s values and goals.

Engage employees at all levels to build awareness and understanding of DORA. Conduct training sessions, workshops, and provide resources to ensure everyone is well-informed about the legislation and its potential impact on your operations.

Form a cross-functional task force dedicated to navigating the complexities of DORA implementation.  This team should include representatives from legal, compliance, IT, operations, and any other relevant departments. Foster collaboration and ensure a holistic approach to compliance.

Evaluate how DORA legislation may impact your current operations, products and services.  Identify potential areas of compliance, assess risks, and develop strategies to address any challenges that may arise.

Engage with industry associations, forums, and peer companies to share insights, best practices and collectively advocate for responsible and effective DORA implementation.

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Based on the impact assessment, create a detailed roadmap outlining the steps required for compliance with DORA.  Clearly define timelines, responsibilities and milestones to track progress effectively.

Establish transparent communications channels with stakeholders, including customers, partners and regulators. Keep them informed about your commitment to DORA compliance, progress made, and any changes that may affect them.

Implement a robust monitoring system to track ongoing compliance and performance. Assess regularly the effectiveness of your DORA compliance efforts and make necessary adjustments to ensure continued alignment with evolving regulatory requirements.