Counting down the benefits of DORA
The digital landscape is changing for the financial sector
The Digital Operational Resilience Act comes into force in January 2025.
DORA is the new EU regulation that transforms how financial institutions look at digital risk.
It requires affected companies to:
- Improve system testing and incident reporting
- Build digital resilience into strategy
- Improve the way they manage ICT contractors
Even if your company doesn’t fall under the Act’s scope, aligning with DORA brings considerable benefits.
Proactive Risk Management
A faster and more effective response to cyber-attacks and data breaches.
Protect your balance sheet and reputation.
Improved Customer Confidence
Trust won’t slip through your fingers when you show you’re serious about digital security.
Show off your lower-risk profile.
Streamlined Transition
Starting DORA compliance earlier means more efficient planning.
Ensure you access the best support.
Cost Efficiency
DORA will take investment, but starting earlier will save money in the long-run.
Waiting could mean greater upfront costs.
Strengthen Regulatory Relationships
UK regulations are expected to increasingly align with DORA to improve financial resilience.
Early compliance means smoother audits.
Gain Competitive Advantage
Compliance is a strategic business move that will set your business apart from competitors.
Attract customers as a leader in digital resilience.
Find out more about DORA, cybersecurity and digital risk with Xcelerate.
Download the Xcelerate whitepaper: your DORA guide including a summary of the major changes in the Act and a compliance checklist.