{"id":46858,"date":"2024-02-21T11:29:53","date_gmt":"2024-02-21T11:29:53","guid":{"rendered":"https:\/\/www.elixirr.com\/en-gb\/?p=46858"},"modified":"2025-10-31T10:22:06","modified_gmt":"2025-10-31T10:22:06","slug":"the-impact-of-dora-regulation-on-your-business","status":"publish","type":"post","link":"https:\/\/www.elixirr.com\/en-gb\/the-impact-of-dora-regulation-on-your-business\/","title":{"rendered":"The impact of DORA regulation on your business"},"content":{"rendered":"\n

January marked the 1-year countdown to when regulators will begin enforcing DORA (Digital Operational Resiliency Act)<\/a> after a two-year implementation period. <\/p>\n\n\n\n

The regulation affects financial entities and ICT service providers operating within the EU, in addition to supporting infrastructure services situated outside the EU. <\/p>\n\n\n\n

The intention behind DORA<\/strong> is to positively support digital transformation and innovation in the financial sector whilst crucially preserving market stability and integrity. For an individual organisation, this means enabling you to be digitally competitive whilst protecting your organisation with a strong and secure technology foundation.<\/p>\n\n\n\n

The benefits of meeting DORA standards are clear:<\/strong><\/p>\n\n\n\n

\u2022 Enhanced protection and stability for your organisation to continue doing business<\/p>\n\n\n\n

\u2022 Improved recovery and operational resilience following disruption<\/p>\n\n\n\n

Being non-compliant with DORA can result in:<\/strong><\/p>\n\n\n\n

\u2022 Your business being at increased risk of operational disruption<\/p>\n\n\n\n

\u2022 Operational disruptions being far more severe<\/p>\n\n\n\n

\u2022 Client and reputational impact<\/p>\n\n\n\n

\u2022 Regulatory penalties <\/p>\n\n\n\n

DORA consolidates the requirements from a number of different regulations and standardises them along five key areas of practice:<\/strong><\/p>\n\n\n\n

    \n
  1. Operational risk management \u2013 establishment of business continuity and disaster recovery frameworks<\/li>\n\n\n\n
  2. Incident reporting \u2013 standardisation of identification, classification, reporting and analysis<\/li>\n\n\n\n
  3. Digital operational resiliency testing \u2013 establishment of testing capabilities and remediation measures<\/li>\n\n\n\n
  4. ICT third party risk \u2013 improvement of assessment and mitigation of material third party risk<\/li>\n\n\n\n
  5. Information sharing \u2013 establishment of information sharing channels for threat intelligence<\/li>\n<\/ol>\n\n\n\n

    Depending on your starting point, uplifting all of these areas can involve material changes to the way your organisation manages technology, controls and reports on risk, including the way your teams are structured. <\/p>\n\n\n\n

    Elixirr\u2019s tried-and-tested approach to DORA readiness cuts through the noise<\/strong> and helps you focus on your most critical control gaps.<\/p>\n\n\n\n

    Our standardised DORA Controls Framework and methodology for identifying critical or important functions (CIFs) distils the regulation down to a consolidated list of tangible actions, accelerating the mapping of your organisation\u2019s controls to the regulation and enabling a rapid gap analysis to identify any remediation activities.<\/p>\n\n\n\n

    We build and deliver you a readiness roadmap that prioritises the resilience of your critical and important functions and focuses on practical regulatory compliance that also delivers operational business benefits. We prioritise critical aspects of the regulation to achieve this in the most cost effective and time efficient way.<\/p>\n\n\n\n

    Contact us if you\u2019d like to discuss your business\u2019s approach to DORA so that you\u2019re ready for the January 2025 deadline.<\/p>\n","protected":false},"excerpt":{"rendered":"

    January marked the 1-year countdown to when regulators will begin enforcing DORA (Digital Operational Resiliency Act) after a two-year implementation period.  The regulation affects financial entities and ICT service providers…<\/p>\n","protected":false},"author":5,"featured_media":47340,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[116],"tags":[129],"related_service":[],"related_industry":[42],"class_list":["post-46858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-financial-services"],"acf":[],"yoast_head":"\nThe impact of DORA regulation on your business - Elixirr<\/title>\n<meta name=\"description\" content=\"Learn from our experts about how your business can get ready for the implementation of DORA (Digital Operational Resiliency Act).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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45.2744 23.5508C45.2744 11.4974 35.4674 1.68957 23.4141 1.68945Z\" fill=\"currentColor\"\/>\n<path d=\"M19.2841 33.6992C18.9579 33.6986 18.6374 33.6111 18.3543 33.4454C17.7167 33.0759 17.3203 32.3585 17.3203 31.5797V15.8189C17.3203 15.0379 17.7167 14.3227 18.3543 13.9531C18.6442 13.7827 18.9735 13.6951 19.3078 13.6994C19.6421 13.7037 19.9692 13.7998 20.2548 13.9776L33.4237 22.0406C33.6981 22.2166 33.9244 22.461 34.0812 22.751C34.238 23.0409 34.3203 23.3668 34.3203 23.6982C34.3203 24.0295 34.238 24.3555 34.0812 24.6454C33.9244 24.9353 33.6981 25.1798 33.4237 25.3558L20.2527 33.421C19.9604 33.6017 19.6256 33.6979 19.2841 33.6992Z\" fill=\"currentColor\"\/>\n<\/g>\n<\/svg>\n<\/span> <\/div>\n <\/figure>\n <div class=\"wp-component-card__content edwp-row-load\">\n <p class=\"wp-component-card__eyebrow\">\n Articles <\/p>\n <a href='https:\/\/www.elixirr.com\/en-gb\/the-impact-of-dora-regulation-on-your-business\/' class='wp-component-card__title'>\n <h2>\n The impact of DORA regulation on your business\n <\/h2>\n <\/a> <div class=\"wp-component-card__description\">\n January marked the 1-year countdown to when regulators will begin enforcing DORA (Digital Operational Resiliency Act) after a two-year implementation period.  The regulation affects financial entities and ICT service providers… <\/div>\n <div class=\"wp-component-card__meta\">\n <p class=\"wp-component-card__date\">\n 21 February 2024 <\/p>\n <div class=\"wp-component-card__terms\">\n <div class=\"wp-component-tags edwp-component\">\n <div class=\"wp-component-tags__tag\">\n Financial Services <\/div>\n <\/div>\n <\/div>\n <\/div>\n <div class=\"wp-component-card__button-wrapper\">\n <button class=\"btn btn--link arrow wp-component-card__button\">\n Read more <span class='edwp-svg '><svg width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n<g id=\"Lg\">\n<path id=\"Vector\" d=\"M1.12509 9.50162H15.8648L9.43259 3.06941C9.374 3.0113 9.3275 2.94216 9.29576 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<\/div>\n<\/article>\n","_links":{"self":[{"href":"https:\/\/www.elixirr.com\/en-gb\/wp-json\/wp\/v2\/posts\/46858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.elixirr.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.elixirr.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.elixirr.com\/en-gb\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.elixirr.com\/en-gb\/wp-json\/wp\/v2\/comments?post=46858"}],"version-history":[{"count":1,"href":"https:\/\/www.elixirr.com\/en-gb\/wp-json\/wp\/v2\/posts\/46858\/revisions"}],"predecessor-version":[{"id":56979,"href":"https:\/\/www.elixirr.com\/en-gb\/wp-json\/wp\/v2\/posts\/46858\/revisions\/56979"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.elixirr.com\/en-gb\/wp-json\/wp\/v2\/media\/47340"}],"wp:attachment":[{"href":"https:\/\/www.elixirr.com\/en-gb\/wp-json\/wp\/v2\/media?parent=46858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.elixirr.com\/en-gb\/wp-json\/wp\/v2\/categories?post=46858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.elixirr.com\/en-gb\/wp-json\/wp\/v2\/tags?post=46858"},{"taxonomy":"related_service","embeddable":true,"href":"https:\/\/www.elixirr.com\/en-gb\/wp-json\/wp\/v2\/related_service?post=46858"},{"taxonomy":"related_industry","embeddable":true,"href":"https:\/\/www.elixirr.com\/en-gb\/wp-json\/wp\/v2\/related_industry?post=46858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}