Swiss GRC

EU DORA Compliance

Implement the Digital Operational Resilience Act (DORA) efficiently

Optimize the resilience of your ICT with the GRC Toolbox and implement the Digital Operational Resilience Act (DORA) efficiently. Our software enables you to manage compliance with regulations such as DORA as well as many other standards and frameworks.

Standard Regulation (EU) 2022/2554 (DORA)
Region Europe
Coming into force 17 January 2025
Swiss GRC Solution GRC Toolbox

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Digital Operational Resilience Act (DORA)

Achieve DORA compliance with our solutions

Use the powerful features of the GRC Toolbox to meet central requirements and ensure DORA compliance.

DORA-Compliance Check

Track the implementation of the requirements from the EU Regulation 2022/2554 (DORA) and define measures to ensure your company’s DORA compliance.

Efficient ICT risk management/ISMS

Inventory and connect your entire IT ecosystem with the GRC Toolbox to identify and monitor risks. Make informed decisions to improve your security situation and optimize DORA compliance.

Incident Management

Recognize and analyze events and incidents to take appropriate measures in accordance with DORA requirements. Swiss GRC’s incident management seamlessly integrates with risk management and supports the management of the entire cause, event and effect chain.

Business Continuity Management

Plan and test emergency measures to ensure that your business remains operational even in crisis situations. Thanks to our Business Continuity Management (BCM), you can minimize risks and sustainably strengthen your company’s resilience to meet the requirements of the DORA regulation.

Third-Party Risk Management

Implement a data-centric approach to identify and assess all relevant ICT risks with Swiss GRC to create a resilient, secure, and scalable third-party ecosystem.

Frequently Asked Questions about DORA

The Digital Operational Resilience Act (DORA) is a significant regulatory requirement aimed at improving the operational stability of digital systems in the financial sector in the European Union (EU). Below are answers to frequently asked questions.

The Digital Operational Resilience Act (DORA) is a binding EU regulation that came into effect on January 16, 2023 and will become binding from January 17, 2025. The regulation aims to improve the IT security of financial companies such as banks, insurance companies, and securities firms to ensure that the financial sector in Europe remains resilient in the event of significant digital operational disruptions. The DORA requirements harmonize regulations for the operational resilience of the financial sector and apply to 20 different types of financial companies as well as ICT third-party providers.

DORA imposes several requirements on financial institutions to improve their digital resilience. These requirements include:

  • ICT risk management: financial institutions must implement and maintain effective frameworks, policies and procedures to identify, assess, manage and mitigate ICT-related risks.
  • Incident reporting: Financial institutions are required to promptly report material ICT-related incidents to the relevant authorities to enable a coordinated response and analysis of potential systemic risks.
  • Operational resilience testing: Regular testing and assessment of operational resilience is mandatory to ensure that institutions can effectively detect, contain, recover and resolve ICT-related incidents.
  • Monitoring the risks of third-party ICT providers: Financial institutions must monitor and manage the risks associated with third-party providers, such as cloud providers, to ensure that their digital resilience measures meet the requirements of DORA.

DORA will have a significant impact on EU financial institutions by regulating a broader range of companies than the existing EBA guidelines. Credit institutions, insurance companies, investment firms, payment institutions, capital management companies, crypto service providers, credit rating agencies and ICT service providers will be affected.

All regulated financial institutions and their third-party ICT providers must adapt their governance, risk management and operational practices to meet the higher standards for operational resilience and cybersecurity. This will require significant investment in technology, processes and resources to comply with DORA requirements and to effectively manage and recover from ICT-related incidents.

DORA grants financial institutions a two-year preparation period (2023 and 2024) to adapt their corporate governance and practices to the resilience pillars of the regulation and develop an implementation plan. The regulation is expected to come into force at the beginning of 2025. Mandatory reports, assessments and tests must be carried out by then.

Our GRC Toolbox has comprehensive features that enable you to ensure DORA compliance in your organization. As a scalable solution, it allows for proactive management and mitigation of ICT-related risks through a data-driven approach. Users can capture and analyze data from across the organization to gain a dynamic, comprehensive, and accurate view of risks. In case of an incident, Swiss GRC provides a seamless process for incident management – from fulfilling DORA reporting requirements and reducing the severity and duration of downtime to root cause analysis to prevent similar incidents in the future.

As one of the world’s leading universities, ETH Zurich attaches great importance to standards and quality. When looking for a GRC solution, it was crucial for us to find a partner who could meet our requirements and provide an intuitive tool with self-explanatory functions. Swiss GRC has proven to be a reliable partner that understands and fulfills these requirements. We appreciate the quality of service and the high flexibility of this GRC solution. It has significantly improved the way we work and we are very satisfied with the results.

Yannic Kälin
Risk & Compliance Controlling, ETH Zurich

Yannic Kälin

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Ensure DORA compliance with the GRC Toolbox

Find out how we can support you with the implementation of DORA.

Mirko Hegi

Mirko Hegi, GRC Expert, PostFinance AG

Right from the start, the cooperation was at eye level and we understood each other, not only on a professional but also on a human level.

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