COMPLIANCE > DORA
financial entities across
europe
average cost of data breach
in financial sector
types of financial industries
covered by DORA
laying foundation for
operational resilience
of DORA ensuring
comprehensive coverage
With financial entities embracing the digital age, they face constant threats from cyberattacks, operational disruptions, and data breaches. A robust cybersecurity framework is then essential to ensure operational resilience, safeguard customer trust, and meet regulatory expectations. The financial sector needs solutions that can proactively manage ICT (Information and Communication Technologies) risks, address incidents efficiently, and maintain operational continuity.
Recognizing the importance of cybersecurity, the European Union introduced the Digital Operational Resilience Act (DORA) on 27 December 2022. DORA aims to strengthen the digital resilience of financial entities by setting unified standards for managing ICT risks, ensuring continuity, and responding effectively to disruptions.
DORA is applicable to a wide range of financial institutions across Europe, since 17th January 2025.
Endpoint Central provides all the tools you need to uphold the highest standards of cyber hygiene. From patching devices and encrypting data to blocking unauthorized privilege escalation, preventing data leaks, and managing USB access, it ensures a secure IT environment.
Designed for effortless compliance, Endpoint Central offers audit-ready reports and dynamic dashboards, giving you real-time insights into risks and vulnerabilities across your IT infrastructure.
Gain complete visibility into your IT environment through advanced asset management features. Endpoint Central also strengthens security with robust anti-malware capabilities, one-click data restoration, and endpoint quarantine, minimizing disruptions and ensuring seamless operations.
Twenty one categories of financial institutions and service providers fall within the scope of the Digital Operational Resilience Act (DORA).
With Endpoint Central, you can seamlessly address the requirements of DORA’s first two pillars.
With advanced ICT risk and incident management, Endpoint Central helps organizations comply with DORA while strengthening their digital resilience. It simplifies cybersecurity by automating key security functions, reducing risks, and ensuring continuous monitoring. We could elaborate further on its capabilities, but that’s why we have provided an article-wise mapping for better clarity. Here is a complete overview of how Endpoint Central helps you achieve the measures mentioned in DORA.
Click hereThe European Supervisory Authorities (ESAs)—comprising the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA), and the European Securities and Markets Authority (ESMA)—are jointly developed the Implementing and delegated acts. These will provide detailed guidance on implementing DORA's requirements.
Regulatory Technical Standards on ICT risk management tools, methods, processes, and policies and the simplified ICT risk management framework, focuses on ICT risk management tools, methods, processes, and policies.
Learn how Endpoint Central comprehensively supports the requirements outlined in this RTS.
Click hereWhile NIS2 is a comprehensive cybersecurity directive, many organizations in the European Union are required to comply with other significant compliances and legislations. Here is a very basic run down of NIS2, GDPR and DORA and how they complement each other
Article 21 | NIS2 (Network and Information Security) 2 | DORA (Digital Operational Resilience Act) | GDPR (General Data Protection Regulation) |
---|---|---|---|
Scope |
Extends to Essential and Important entities in the EU (Ref Article 3) |
Extends to all the financial entities in the EU |
Extends to all the organizations across the globe that deal with personal data of European citizens |
Purpose |
This directive is intended to raise cybersecurity standards across the EU |
As the name indicates, this is to strengthen cybersecurity resilience across the financial sector |
GDPR builds on the Right to Privacy, which is widely recognized as a fundamental right worldwide. |
Relation with NIS 2 |
- |
|
The cybersecurity framework of NIS 2 overlaps with GDPR requirements, helping organizations work towards GDPR compliance more effectively.
|
Penalties |
Essential entities can face fines up to €10 million or 2% of global turnover, while important entities risk fines up to €7 million or 1.4% of global turnover. |
The DORA Act does not explicitly specify penalties. However, regulatory authorities in the EU and its member states will have the authority to enforce and impose them. |
|
"Endpoint Central has allowed us to move towards our goal of a centralized application to cover off IT support activities. The deployment was really simple with no real issues. We use it mainly for the integration with ServiceDesk Plus and the reports it provide for our ISO implementation"
Feel free to connect with our experts to address your specific queries and discover how Endpoint Central can assist you in meeting DORA requirements.