DORA and compliance guidelines

At birkle IT, we adhere to and implement industry standards!

Compliance is critical to maintaining trust, unlocking new opportunities or avoiding fines.

From data protection to industry-specific requirements – including DORA (Digital Operational Resilience Act), FIDA (Financial Data Access), and the EU Accessibility Act – we ensure that every aspect of your IT environment meets current standards and is ready for future regulatory changes.

What is the Digital Operational Resilience Act (DORA), why is it important and what contribution can birkle IT make?

Increasing digitalization and cyber threats pose major challenges for companies, especially in the financial and insurance sectors. With the Digital Operational Resilience Act (DORA), the European Union has developed a comprehensive set of regulations to ensure that companies are resilient to digital risks. In force since January 17, 2023, DORA must be fully implemented by January 17, 2025.

What is DORA?

DORA creates a uniform regulatory framework that obliges companies to take all necessary measures to protect their digital systems against disruptions and threats and to recover from them quickly. The framework applies to almost all players in the financial sector: from banks and insurance companies to payment service providers and asset managers.

The goals of DORA

Strengthening security
Companies must secure their systems so that they can withstand cyber attacks.

Resilience
Specific measures are taken to increase resistance to disruptions and threats.

Harmonization
Uniform requirements and reporting specifications for all EU member states, making the financial market more consistent and transparent.

Core areas of the DORA framework

DORA focuses on five key areas that contribute to operational resilience:

ICT risk management
End-to-end assessment and scenario analysis for potential threats.

Incident reporting
Companies are obliged to document serious incidents and report them to the supervisory authorities.

Resilience testing
Regular testing of critical systems, including penetration tests, is mandatory.

Third party management
All critical outsourcing service providers, especially IT service providers, must be comprehensively monitored and documented.

Exchange of information
Promote cooperation and the exchange of threat information between financial companies and authorities.

The importance of ICT third party risk management

As many companies outsource IT services to third-party providers, DORA requires that these relationships are closely monitored. Companies must ensure that third-party providers meet the same security and resilience requirements and must analyze and minimize any risks, such as concentration risks.

DORA: A necessary step for the future of the financial sector

DORA is a response to the growing threat of cyberattacks and data leaks. The standardized regulations are not only intended to strengthen security in the financial sector, but also to support Europe’s economic stability. Companies are now required to adapt their structures and processes to the new standards in order to ensure both operational stability and the protection of customer data.

The services of birkle IT in relation to DORA

birkle IT offers regulatory services, IT resilience assessment, strategic IT security solutions, customized workshops & training, and comprehensive monitoring as well as comprehensive IT auditing.

As part of an IT resilience assessment, we offer a comprehensive analysis of the resilience of your company’s IT infrastructure. The aim is to identify weak points and recommend improvement measures.

We would be happy to plan a strategy workshop together with you and our IT security experts to implement your regulatory project.

Register for a strategy workshop

Would you like to find out more about how you can implement the DORA compliance guidelines in your company?

Then please contact us using the form on the right and our compliance experts will arrange an appointment with you for a comprehensive IT audit!

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We design an individual roadmap with you.

Ideation workshops

Do you have a business need or an idea for a new business model that you would like to implement using IT options? In this workshop, we will design the roadmap together and clarify the framework conditions.

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Do you have a special request, for example on the subject of mainframe, cloud or automation? We are at your side with your individual team of experts.

AI assessment workshop

AI is a topic companies need to address today in order to be fit for the future. Nevertheless, AI topics should not be approached blindly and following trends, but with solid planning. We design the roadmap with you.

Satisfied Customers – strong partners

We are proud to implement over 20 ongoing IT projects a year for various major and innovation customers. In addition to innovation, we focus above all on long-term, partnership-based cooperation.

“The birkle experts convince in our projects by provident the highest quality, reliability and punctuality – doing so at fixed rates. The well founded insurance-specific know-how, high innovative strength and distinct customer proximity were a pleasant suprise – therefore anytime again.”
Dr. Ralf Schneider, (until 2023) Group CIO, Allianz SE

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