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Outsourced CISO Services: Prepare for DORA Compliance
The Digital Operational Resilience Act (DORA), effective January 17, 2025, requires financial institutions across the EU to implement robust measures for managing ICT risks and ensuring operational continuity.
Demire Inc’s Outsourced Chief Information Security Officer (CISO) service is designed to help your organization meet DORA’s stringent requirements while enhancing cybersecurity and operational resilience.
In this guide, we’ll explore:
What is DORA?
The Digital Operational Resilience Act (DORA) is a regulation introduced by the European Union (EU) to ensure financial institutions can withstand, respond to, and recover from ICT-related disruptions.
Applicable to a wide range of entities, including banks, credit institutions, fintech firms, crypto-asset service providers, and crowdfunding platforms, DORA requires organizations to develop ICT policies for detecting, containing, and recovering from incidents that could impact financial stability.
Entities must comply with DORA by January 17, 2025, or risk regulatory penalties and reputational harm.
Why Fintech, Crypto, and AML Sectors Need an Outsourced CISO
For Fintech and Crypto Companies:
The highly digital nature of fintech and crypto businesses makes them particularly vulnerable to ICT disruptions. DORA complements frameworks like the Markets in Crypto-Assets (MiCA) by requiring:
For AML Compliance:
DORA enforces secure systems for monitoring suspicious transactions. AML processes must remain operational even during ICT disruptions to avoid reporting failures or regulatory breaches.
Outsourcing a CISO ensures that these sectors can navigate DORA’s complex demands efficiently and cost-effectively.
How Demire Inc’s Outsourced CISO Services Support DORA Compliance
Our Outsourced CISO services are tailored to address the unique challenges of financial institutions, fintech firms, and crypto companies under DORA.
Here’s how we can help:
1. ICT Risk Framework Development
Create a detailed risk management framework aligned with DORA standards
Identify and mitigate ICT risks effectively
2. Incident Response Systems
3. Third-Party Risk Management
Develop vendor assessment frameworks to reduce supply chain vulnerabilities
Monitor third-party compliance with ICT security standards
4. Resilience Testing
Conduct regular stress tests and vulnerability assessments
Strengthen operational resilience to ensure seamless recovery during disruptions
5. Continuous Monitoring and Improvement
Implement post-incident review systems to refine processes
Ensure ongoing compliance with DORA through continuous updates
Deliverables
• Fully tailored documentation aligning with DORA standards
• Repeatable processes and templates for incident management, reporting, and testing
• Hands-on guidance for implementation into operational workflows
Let’s Work Together to Ensure Your DORA Compliance
Don’t wait until the last minute to meet DORA’s compliance deadline. Ensure your institution is fully prepared by contacting with Demire Inc. Our experts will guide you through the process, from risk assessment to full compliance, so your organization can operate with confidence.
