Financial Services Regulation

EU DORA Compliance Consulting

DORA (EU 2022/2554) · Digital Operational Resilience Act

For EU banks, insurers, investment firms, payment institutions and ICT providers serving them. We assess gaps against the Digital Operational Resilience Act, strengthen ICT risk management, build incident reporting and testing programs, and manage ICT third-party risk including the register of information.

Reviewed by Santhosh K, Principal GRC Advisor, CyberWave GRC · CISA, CISM, CCISO, HITRUST CCSFP, CHQP, ISO/IEC 27001 Lead Auditor

What is DORA (EU 2022/2554)?

The EU Digital Operational Resilience Act (DORA) came into force on 17 January 2025 and applies to banks, insurers, investment firms, crypto-asset providers, and their critical ICT third-party service providers operating in or serving the EU. DORA sets binding requirements for ICT risk management, incident reporting, digital operational resilience testing, third-party risk management, and information sharing — replacing a patchwork of national rules with a single EU-wide framework.

Key Focus Areas

ICT risk management framework and governance

ICT-related incident classification and reporting to competent authorities

Digital operational resilience testing (including TLPT — threat-led penetration testing)

ICT third-party risk management and register of information

Contractual arrangements with critical ICT providers

Information and intelligence sharing on cyber threats

Board-level accountability for ICT risk

Oversight framework for critical third-party providers (CTPPs)

What our engagement includes

DORA gap assessment

ICT risk management framework updates

Major incident classification and reporting process

Digital operational resilience testing program

ICT third-party risk and register of information

Management body reporting and training

How the engagement works

DORA Gap Assessment

We assess your current ICT risk, incident, testing, and third-party programs against DORA's five pillars.

ICT Risk Management Framework

We design and document the ICT risk framework, policies, and governance the regulation requires.

Register of Information

We help build and maintain the DORA register of ICT third-party contractual arrangements.

Resilience Testing Program

We define and support advanced testing programs, including threat-led penetration testing (TLPT) where applicable.

Incident Reporting Readiness

We build classification, escalation, and regulator-reporting workflows aligned to DORA templates and timelines.

Timeline and cost factors

Typical timeline: 4–8 months for a baseline DORA implementation; ongoing program required for testing, reporting, and third-party oversight. Cost depends on scope, organization size, number of locations and systems, current maturity and how much hands-on implementation support you need. Any certification, assessment or audit body fees are separate and set by that body.

Questions buyers ask

DORA has applied since January 17, 2025. Regulators now expect financial entities to operate the required processes.

Most EU financial entities, including banks, insurers, investment firms and payment institutions. Critical ICT third-party providers are also subject to oversight.

It is a register of all contractual arrangements with ICT third-party service providers. Supervisors collect it to monitor concentration risk.

Yes. It requires a testing program, and some entities must perform threat-led penetration testing at least every three years. Scope depends on your designation.

No. DORA is an EU regulation supervised by financial authorities.

GRC Consulting Services ISO 27001 ISO 22301 Third-party risk management

Not sure this is the right framework?

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