DORA Compliance
Learn how Sphynx can support your ICT resilience
Why DORA Compliance is necessary
The Digital Operational Resilience Act (DORA) is a European regulation designed to strengthen the ICT resilience of financial institutions and their critical service providers. DORA ensures that these entities can withstand, respond to, and recover from ICT-related risks effectively. To comply with DORA, financial entities and their ICT providers must implement an ICT risk management framework, continuous monitoring and reporting mechanisms for cybersecurity incidents, regular resilience testing, including penetration tests and scenario-based exercises, effective ICT third-party risk management, incident response and recovery plans to ensure business continuity, and strict governance and oversight by senior management to enforce cybersecurity policies.
DORA applies to a wide range of financial sector entities operating in the EU, including banks, insurance companies, investment firms, payment and trading platforms, and ICT third-party service providers. Starting January 2025, all covered entities must comply with DORA and maintain ongoing adherence to its requirements.
How can Sphynx support you?
Leveraging on the capabilities of our SPHYNX SPA Suite, we provide a solution for achieving and maintaining DORA compliance. Our solution enables you to:
Create a comprehensive ICT Risk Management Framework,
- Mapping ICT-related threats to different assets of your enterprise and establishing how the risks which may arise from these threats can be identified, measured and managed
- Establishing security policies covering identification, protection, detection, response, and recovery from incidents arising from ICT threats
- Evolving in an automated manner as new threats, ways to exploit them and/or the assets of your enterprise change
Establish effective ICT Incident Reporting through
- Automated or semi-automated processes for detecting, classifying, and reporting ICT-related incidents.
- Reporting major incidents to regulatory authorities within the required deadlines.
Carry out continuous Digital Operational Resilience Testing, through automated processes covering
- Regular vulnerability assessments
- Penetration testing
- Threat scenario analysis
- Continuous incident and user and system behaviour monitoring
- Analysis based on the latest available cyber threat intelligence enhanced by generative AI and auto ML
Third-Party Risk Management by
- Maintaining a register of your dependencies to external ICT providers
- Monitoring and ensuring that these external ICT providers comply with the contractual, security, and operational requirements (SLAs) agreed with you
- Implement exit strategies in cases of deviation
Information Sharing by
- Participating in voluntary threat intelligence exchanges with industry peers
- Develop collaboration frameworks while maintaining data protection compliance.
Key Benefits
Prepare
Establish a comprehensive risk management framework containing and interconnecting enterprise ICT assets, threats, security policies and operational processes for gap analysis, risk detection, assessment, management and response. Keep your framework up to date using continuous cyber threat intelligence and AI. Ensure compliance with DORA obligations, including dependencies on third parties.
Monitor
Continuous operational resilience monitoring and testing involving systems, data, processes, users and SLAs with third parties through automated detection of threats, vulnerabilities, attacks and indicators of compromise.
Optimise
Optimise decision-making through cyber risk quantification and risk assessments in both financial and technical terms to enable business risk analysis, strengthen your overall cybersecurity posture and ensure regulatory compliance.
Mitigate
Proactively mitigate vulnerabilities and threats through vulnerability analysis, penetration testing, cyber threat intelligence, advanced AI enabled security analytics and hybrid technical, financial and business risk assessments
Stay ahead
Keep defences up to date against emerging threats with the integration of cutting-edge predictive and diagnostic AI models and automated cyber threat intelligence
Respond
Orchestrate incident response and reporting activities through tailored, auditable and automatically executed CACAO playbooks
Service Plans
| Offerings | Bronze | Silver | Gold | Platinum |
|---|---|---|---|---|
| Development of ICT risk management framework, gap and scenario analysis | • | • | • | • |
| Vulnerability assessments, penetration testing | • | • | • | • |
| Continuous monitoring (SIEM) and automated incident response | • | • | • | |
| Continuous and hybrid technical, financial risk and business risk assessments | • | • | • | |
| Continuous CTI updates | • | • | ||
| Managed incident monitoring and investigation | • | • | ||
| Managed incident response | • | • | ||
| CTI sharing to external parties | • |
Resources
Download the DORA Compliance Brochure
Download our Brochure and let us know if you are interested to learn more.
Need to learn more about the Penetration Testing?
Book a meeting with us in order to find out how your organisation can take advantage of our services!
Explore your cybersecurity needs and solutions
Our team of experts can assist you in identifying your cybersecurity risks and set up a plan to protect, detect, and respond to them.
