DORA Compliance Services

The Digital Operational Resilience Act (DORA) is an EU regulation aimed at ensuring the operational resilience of financial institutions and critical third-party service providers. DORA establishes strict requirements for cybersecurity, incident management, risk assessment, and operational continuity to minimize the impact of cyber threats and operational disruptions. 

HC Shield specializes in helping financial organizations implement DORA-compliant frameworks to safeguard critical operations and data.

Alignment with DORA is crucial for financial institutions and their third-party providers to ensure compliance with EU regulatory standards. 

DORA enhances operational resilience, reduces vulnerabilities, and ensures consistent service delivery during disruptions. It also builds trust with stakeholders, avoids regulatory penalties, and strengthens your organization’s ability to withstand cyber incidents. 

HC Shield offers tailored solutions to streamline DORA alignment and strengthen operational resilience.

The cost of DORA alignment depends on factors such as:

Organization Size and Complexity: Larger institutions or those with complex supply chains may require more resources.

Existing Cybersecurity Measures: Organizations with established frameworks, such as ISO 27001 or SOC 2, may require fewer adjustments.

Scope of Alignment: Costs vary depending on whether full alignment or targeted areas (e.g., incident management, testing) are needed.

HC Shield provides customized DORA compliance packages, including gap analyses, risk assessments, and implementation plans, ensuring cost-effective and efficient alignment.

Regulatory Compliance: Meet EU regulatory requirements for financial resilience.

Operational Continuity: Strengthen your ability to deliver services during cyber incidents or operational disruptions.

Improved Cybersecurity: Minimize vulnerabilities and improve protection against evolving threats.

Enhanced Trust: Build confidence with customers, regulators, and stakeholders.

Competitive Advantage: Position your organization as a resilient, trusted partner in the financial sector.

HC Shield helps organizations unlock these benefits while achieving seamless DORA compliance.

The timeline for DORA alignment varies based on organizational complexity and readiness. On average, achieving compliance can take 6 to 9 months, which includes:

• Conducting assessments and identifying gaps.
• Developing and implementing required frameworks and safeguards.
• Establishing monitoring and incident response protocols.
  

HC Shield ensures an efficient and streamlined alignment process tailored to your organization’s specific requirements.

While both DORA and ISO 27001 focus on enhancing cybersecurity and resilience, their objectives and scope differ:

DORA: A regulatory framework specific to the financial sector, focusing on operational resilience, incident management, and risk mitigation.

ISO 27001: An international standard for establishing an Information Security Management System (ISMS) applicable across industries, with a broader focus on managing security risks.

HC Shield offers expert services to guide organizations in navigating both frameworks and achieving compliance efficiently.

Yes, DORA mandates regular audits and assessments to ensure compliance with its operational resilience requirements. Organizations must demonstrate their ability to manage risks, respond to incidents, and maintain continuity. 

HC Shield provides comprehensive audit preparation and third-party assessment services to help your organization meet DORA’s standards confidently.

Gap Analysis: Assess current practices against DORA requirements.

Risk Assessment: Identify and address operational vulnerabilities and cyber risks.

Policy Development: Create policies for incident management, operational continuity, and cybersecurity.

Testing and Monitoring: Establish protocols for regular resilience testing and continuous monitoring of systems.

Third-Party Risk Management: Assess and manage risks associated with third-party providers.

Staff Training: Educate employees on DORA requirements and operational resilience best practices.

Continuous Improvement: Review and update frameworks to ensure ongoing compliance.

HC Shield provides expert guidance through each step, ensuring a smooth and effective DORA alignment process.

Contact HC Shield today to strengthen your organization’s operational resilience and achieve DORA compliance with confidence.