The most important thing in brief:

Digital transformation has far-reaching consequences for almost all industries. In the financial sector and associated service companies, the complexity of IT systems is constantly increasing. At the same time, security risks are increasing, for example due to cyber attacks or system failures. To address these challenges, the European Union has the Digital Operational Resilience Act (DORA) launched. The aim of this regulation is to create a resilient IT infrastructure that can withstand cyber threats and a wide range of risks.
What is the Digital Operational Resilience Act (DORA)?
On January 17, 2025, the Digital Operational Resilience Act (also abbreviated DORA in German) officially came into force. This is an EU-wide regulation aimed at minimizing operational risks in finance and related services. This includes banks, insurance companies, payment service providers and IT service providers that support these institutions. According to the guideline, all affected organizations should ensure that their critical business processes and IT systems remain robust, resilient and continuously available.
DORA pursues these goals:
- Creating standardization and clarity with IT security requirements.
- Strengthening trust in financial services by minimizing cyber attacks and outages.
- Reducing systemic risksto ensure the stability of the financial system as a whole.
The following are affected by the regulation:
- financial institutions (e.g. banks, insurance companies, payment service providers)
- IT service providerwhich provide essential services to named financial institutions
- More companiesthat are integrated into the value chain of financial institutions
It is important that not only end providers of financial services must guarantee their IT security, but also service providers in the supply chain. DORA is therefore not just an issue for banks or insurers: Technologically oriented companies that provide software or infrastructure for these industries are also subject to the regulation.
Dora Timetable - When is the implementation date?
Die Digital Operational Resilience Act Timeline comprises several important milestones:
- December 2020: The European Commission is proposing DORA as part of the Digital Finance Strategy.
- December 2022: Approval of the final regulation by the European Parliament and the Council.
- January 16, 2023: DORA formally comes into force.
- January 17, 2025: Official Digital Operational Resilience Act Entry into Force - End of the transition period; the regulation becomes binding for all companies concerned.
Key Requirements: Risk Management and Reporting Requirements
With DORA, the EU Commission has created a regulatory framework that culminates in the fact that financial companies and associated service providers must clearly identify, assess and continuously monitor their IT risks. that risk management It is at the heart of this. Appropriate processes must be established to identify and remedy potential threats at an early stage.
An essential component is the Reporting and documentation requirements. Companies should not only inform the responsible supervisory authorities in the event of serious IT disruptions, they must also systematically record, evaluate and record all incidents in accordance with the requirements. This involves not only known security gaps, but also systemic risks such as ineffective controls or gaps in emergency planning.
The following points play a central role:
- Development of a structured risk management system: Ideally in the form of regular risk analyses that take into account both technical and organizational factors.
- Complete documentation: All identified risks, incidents and countermeasures must be recorded in a comprehensible manner.
- Reporting: In the event of critical incidents, companies are required to inform the relevant authorities quickly and comprehensively.
DORA will not be effective without a clearly defined procedure for recording and processing IT risks. Companies must understand that this is an ongoing task in which ongoing documentation is just as important as that regular review of measures.
Dealing with external service providers
Another crucial aspect of the DORA regulation is the outsourcing process. Financial companies depend on external partners in many areas — from cloud providers to specialized software development. In doing so, they must ensure that all DORA requirements are met even when outsourced services are carried out.
- Contractual regulations: Contracts with third parties should include clear provisions on accountability, incident management, and monitoring of service providers.
- Regular risk reviews: Companies should ensure that external partners have stable processes and act in a compliance-relevant manner themselves.
- Attention to communication channels: In the event of security incidents or disruptions, a seamless chain of information must be guaranteed.
Especially in times of extensive cloud use, this is a central point: Anyone who outsources critical data or processes to cloud providers must already Onboarding the service provider check their performance and safety standards. Otherwise, there is a risk of liability and potential sanctions from regulatory authorities.
Role of regulators
Various institutions are tasked with monitoring and managing compliance with DORA. At European level, the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the European Insurance and Occupational Pensions Authority (EIOPA) play a central role. In addition, national supervisors, such as in Germany the Federal Financial Supervisory Authority (BaFin).
Close coordination between EU and national authorities ensures that the requirements are applied consistently. In addition, the European authorities are formulating guidelines and technical regulatory standards that specify the practical implementation of DORA. Companies should keep an eye on these publications as they may detail what the reporting system or cyber risk assessment should look like.
The role of national authorities lies primarily in providing practical information, verification and enforcement. They can order audits and impose penalties depending on the seriousness of the infringements. In critical cases, such as serious or repeated violations, there is a risk of fines that not only weigh on the budget but often also damage the reputation of the affected company.
Challenges and opportunities
With every set of rules, there are expenses, but also benefits. DORA compliance can be seen as an opportunity to modernize IT infrastructures from a holistic perspective, document processes more consistently and ultimately more cost control and quality to be achieved in IT operations.
Typical stumbling blocks during implementation
1) Lack of resources and expertise
For smaller financial institutions in particular, the implementation of DORA may raise personnel and budget issues. It requires experienced IT security specialists and management awareness. In addition, processes cannot be raised to the new level “on the side”.
2) Organizational resistance
At a certain point, employees ask themselves: “New formalities again? More documentation?” DORA demands cultural change in which IT security is seen as a strategic business task and not seen as an innovation blocker.
3) Complex cooperation with service providers
Many external providers are higher standards interviewed (disclosure, reporting of potential incidents). Not every provider prepares for this early on. Some could wait and see exactly what regulations look like and where complexity falls back on the client as well.
Potential competitive advantages through increased resilience
On the other hand, implementing DORA offers significant opportunities:
- trust Strengthen: A bank that demonstrably sets up its IT landscape in a robust manner is perceived by customers as a reliable partner. Especially in times when cyberhacks are making headlines, this can be a USP in terms of market psychology.
- More efficient processes: Through clearly defined governance structures and transparent documentation, processes can streamlined and be automated. This avoids redundant work and reduces silo thinking.
- Improved emergency response: Anyone who simulates cyber incidents and has comprehensively defined the reporting chain can intervene significantly more quickly in an emergency and minimize damage. This reduces reputation losses and costly incidents.
Practical implementation and best practices
The most successful approach to DORA lies in strategy, processes and Tools, the interlocking. Companies should build on existing frameworks (e.g. ISO 27001) but specifically close Dora-specific gaps.
Preparation steps
1. Form a project team:
Involve all relevant stakeholders: IT, management, compliance, payment processing departments, outsourcing managers. This gives you an interdepartmental body that jointly supports and communicates decisions.
2. Perform a gap analysis:
Check where your company is already well positioned in terms of IT security and where else Need for improvement exists. Use checklists or industry-standard frameworks to identify yourself in line with DORA.
3. Create a roadmap:
Set measurable goals and milestones. For example:”Until Q2 2024: Pen testing in critical legacy applications. Until Q4 2024: Focus on cloud contracts and SLA definition“. It is important to have a pragmatic timetable that realistically depicts resources.
4. Prioritization:
Not everything can be tackled in parallel. What risks weigh severely? Where are regulatory authorities facing sanctions quickly? What is the top priority in terms of stability and business continuity?
5. Communication and Digital Operational Resilience Act Training:
Get employees on board and illustrate why these measures every team member concern. DORA should not be an IT silo, but a cross-cutting issue involving all departments.
Documentation and training concepts
documentation According to DORA, is a core component: Which assets exist, who has access rights, what was updated and replaced when, where are security procedures and Emergency plans? All of this belongs seamlessly in regular registers.
trainings round off the process: You focus on risk awareness, incident escalation and Best Practices. Regular refresh training ensures that employees stay informed, are aware of new reporting procedures, phishing scenarios or IT policies, and proactively act.
Software solutions to support Digital Operational Resilience Act EU Regulation
In view of the extensive requirements for documentation, reporting and reporting channels, it quickly becomes clear that manual Excel lists or self-made solutions quickly reach their limits. One central platform for IT documentation and process support provides a remedy, reduces unnecessary effort and accelerates processes
Comprehensive software for inventory, automation, and compliance functions can process in several ways simplify:
- All Assets (servers, clients, applications, cloud instances) are regularly automatically recorded and transferred to a central database.
- Risk analyses can be linked directly to assets, creating a realistic security image.
- Notifications and reports can be generated in standardized formats (PDF, HTML, DOCX) to handle audit requests or management meetings.
- Roles and permissions can be defined and managed to eliminate unauthorized access and unclear responsibilities.
How Docusnap helps with compliance
For IT managers and administrators, DORA represents a significant expansion of responsibility in the area of cybersecurity. Implementing effective ICT risk management requires detailed knowledge of the entire IT infrastructure and the ability to proactively identify and address potential vulnerabilities. Our software provides valuable support here:
- Automated inventory: Docusnap enables agentless recording of all network devices, servers, clients, and applications. This creates a transparent overview of the IT landscape and makes it easier to identify ICT risks.
- Documentation and reporting: With Docusnap, you can provide detailed reports and Network plans created , which are essential for the obligation to provide evidence to supervisory authorities within the framework of DORA.
- Permission analysis: The software provides access rights analysis features to ensure that only authorized persons have access to critical systems, which is an important aspect of ICT risk management.
Practical example: Implementing DORA with Docusnap
A medium-sized financial institution was faced with the challenge of implementing the DORA requirements on time. By using Docusnap, the company was able to carry out a complete inventory of its IT infrastructure, identify weak points and take appropriate measures. The detailed reports served as proof of compliance with regulatory requirements vis-à-vis the supervisory authority.
Conclusion and outlook
The Digital Operational Resilience Act places high demands on financial companies, but also offers the opportunity to sustainably improve their own IT security and resilience. IT managers should use DORA as chance see how to holistically raise their level of security and governance and thus increase customer trust and market reputation in the long term.
In view of rapid progress in cybersecurity, cloud technologies, artificial intelligence or blockchain, it is likely that the regulation will be updated, clarified or further developed with supplementary guidelines in the future. New threat scenarios arise almost daily, and legislators and regulators will continue to act to close regulatory gaps and minimize areas of attack.
Anyone who now builds transparency, structured documentation and efficiency in IT processes will lighter Do to respond to new regulatory requirements and use cyber resilience as an internalized competitive advantage in the future. With solutions such as Docusnap, companies can efficiently overcome challenges and ensure compliance with DORA requirements.
The next steps:
For companies affected by the DORA regulation, now is the right time to create transparency about their own IT landscape and review existing security processes. A structured overview of IT assets, authorizations and documentation requirements forms the basis for meeting the requirements in good time. Digital tools such as Docusnap help you to centrally collect all relevant information.
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