DORA Compliance Solution

Monitor insider activity. Detect anomalies. Respond to incidents. ALL-IN-ONE

The Digital Operational Resilience Act (DORA), or Regulation (EU) 2022/2554, entered into force in the European Union on January 17, 2023, and will apply to a wide range of financial entities starting from January 17, 2025.

DORA covers risks in the financial sector from using information and communications technology (ICT). The regulation aims to ensure financial entities have adequate protection, detection, containment, and recovery capabilities against ICT-related incidents.

Benefits of using Syteca for DORA compliance

Here’s how you can benefit from using Syteca to comply with the DORA regulation:

Strengthen corporate security

Protect sensitive data

Mitigate cybersecurity risks

Timely detect suspicious activity

Avoid penalties for non-compliance

Accelerate incident response

Who needs to comply with DORA?

DORA applies to a wide range of financial entities operating within the European Union, including credit and payment institutions, investment firms, financial market infrastructures, and entities that provide critical third-party services to organizations in the financial sector.

DORA compliance is mandatory, meaning that affected financial entities operating in the EU will be legally obliged to comply with DORA requirements. Financial entities that are physically located outside the EU may also be subject to DORA if they provide services within EU borders.

Note: Refer to Article 2 of DORA for more information about the entities it applies to.

The key purpose of DORA compliance

The primary aim of DORA is to enhance the operational resilience of financial organizations.

Operational resilience is the ability of a financial entity to build, assure and review its operational integrity and reliability by ensuring, either directly or indirectly through the use of services provided by ICT third-party service providers, the full range of ICT-related capabilities needed to address the security of the network and information systems which a financial entity uses, and which support the continued provision of financial services and their quality, including throughout disruptions.

The Digital Operational Resilience Act

Article 3

By developing DORA compliance requirements, the EU aims to help financial organizations to:

Effectively mitigate risks

Manage security incidents

Enhance resilience against threats

Handle third-party risks

Exchange experience within the sector

Note: Refer to the final text of DORA to learn more about all the requirements.

Ensure DORA compliance with Syteca

Your organization can use the Syteca insider risk management platform for implementation of Digital Operational Resilience Act requirements:

How Syteca can help you comply with DORA

DORA compliance requirements	Syteca offering
ICT risk managementCHAPTER II (Articles 5-16) points out the monitoring activities and other security procedures and policies financial institutions should establish and regularly update to enable a proper ICT risk management process.	Increase visibility inside your network using continuous user activity monitoring. Analyze user activity patterns and evaluate risks by leveraging detailed audit logs and reports. Detect anomalies in user behavior and spot potential security risks with Syteca’s user and entity behavior analytics (UEBA) module. Set custom alert rules in accordance with established security policies and receive real-time notifications.
ICT-related incident management, classification, and reportingCHAPTER III (Articles 17-23) states that applicable entities need to have the means to quickly detect, track, classify, and report ICT-related incidents as well as establish responsibilities and mitigation plans for various incident scenarios.	Promptly detect ICT-related incidents by receiving instant notifications on suspicious user behavior, unauthorized access attempts, and system anomalies. Speed up the incident response process by automating countermeasures, such as blocking users and killing processes. Get a thorough evidence trail to investigate the cause, impact, and scope of the incident and prevent similar cases in the future. Export user activity records in a tamper-proof file format to submit solid evidence on the incident for forensic activities. Inform about security incidents and demonstrate cybersecurity compliance to relevant authorities by submitting well-structured and informative reports.
Digital operational resilience testingCHAPTER IV (Articles 24-27) outlines that financial organizations should assess and test their preparedness for handling ICT-related incidents at least once a year to identify and eliminate gaps in operational resilience.	Strengthen your organization’s resilience by managing access privileges, monitoring user activity, and responding to incidents. Analyze resilience testing results by reviewing informative reports and audit logs. Watch live user sessions as resilience testing continues to analyze performance. Display warning messages to teach users about forbidden actions during penetration testing.
ICT third-party risk managementCHAPTER V (Articles 28-44) lists the rules and requirements financial entities need to follow to ensure secure cooperation with ICT service providers and properly manage third-party risks.	Monitor the activity of third-party service providers on your organization’s endpoints to ensure compliance with established policies and security standards. Define granular access permissions for third-party providers, ensuring that they only have access to the resources and data they need. Enhance the security of RDP connections and swiftly detect unauthorized access to sensitive data or any other potentially malicious activity. Configure custom live alerts and notifications on suspicious behavior and security violations of third-party users. Oversee the activity of third-party providers inside your IT infrastructure with the help of detailed user activity logs.
Information and intelligence sharingCHAPTER VI (Article 45) encourages financial institutions to exchange cyber threat information and intelligence to enhance digital operational resilience in the whole sector.	Capture detailed records of user activity and document security incidents to share them with regulatory bodies and other financial entities as part of incident reporting and cooperation. Generate comprehensive logs and reports to demonstrate adherence to cybersecurity regulatory requirements. Export data in a protected file format to share cybersecurity evidence.

Meet other IT security requirements with Syteca

NISPOM Change 2 and H.R. 666

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Contact our team to learn how our insider risk management software can safeguard your organization’s data from any risks caused by human factors. Book a call with us at a time that suits you best, and let’s explore how we can help you achieve your security goals.

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