Sphinx supports financial institutions to evaluate, establish and fortify their digital operational resilience, ensuring compliance with DORA. We combine cybersecurity, cloud, infrastructure, application, and IT operations expertise to translate DORA requirements into practical technology controls and resilient operating processes.
DORA Compliance Services
overview
Build Digital Resilience. Strengthen ICT Risk Management.
DORA Compliance Services for Financial Organizations
Sphinx assists organizations to build core capabilities to meet digital operational resilience needs, such as:
DORA Gap & Readiness Assessment
Review and compare your ICT risk management structure, security controls, incident response and recovery procedures, third party dependencies and resilience with the requirements of DORA.
ICT Risk Management
Identify and manage technology risks across infrastructure, applications, cloud platforms, networks, data, and critical ICT services.
ICT Incident Management
Improve processes for detecting, classifying, responding to, and recovering from ICT-related incidents. Establish structured workflows for incident documentation and regulatory reporting.
ICT Third-Party Risk Management
Identify and manage risks associated with cloud providers, SaaS platforms, managed services, and other critical ICT third parties. Strengthen vendor risk assessment and oversight.
Digital Operational Resilience Testing
Plan and conduct resilience testing to uncover areas of vulnerability and weakness in critical systems, applications, infrastructure and recovery processes.
Business Continuity & Disaster Recovery
Strengthen business continuity, backup, disaster recovery, and recovery capabilities to help maintain critical financial services during technology disruptions.
From DORA Requirements to Operational Resilience
A Practical Approach to DORA Readiness
1
Assess
Evaluate your ICT environment, critical functions, technology dependencies, risks, and existing resilience controls.
2
Identify Gaps
Identify weaknesses across ICT risk management, incident response, third-party risk, continuity, recovery, and security controls.
3
Design
Develop a prioritized DORA remediation roadmap aligned with your critical business and ICT services.
4
Implement
Implement security, monitoring, resilience, access, backup, recovery, and operational controls across your technology environment.
5
Test & Improve
Validate resilience through testing, monitor control effectiveness, address identified weaknesses, and continuously improve operational resilience.
Why Choose Sphinx for DORA Implementation?
Sphinx fills the gap between the requirements of DORA and the implementation of ICT resilience in the real world.
DORA Readiness & Gap Assessment
Identify gaps across ICT risk management, cybersecurity, resilience, incident management, and third-party dependencies. Build a prioritized remediation roadmap.
ICT Risk & Security Management
Optimize controls for identifying, assessing, monitoring, and mitigating technology risks. Align ICT security practices with critical business functions.
Cloud & Infrastructure Resilience
Build resilient cloud and infrastructure environments with secure architecture, redundancy, monitoring, backup, and recovery capabilities.
Identity & Access Governance
Manage access to sensitive financial information and critical systems using IAM, MFA, RBAC, privilege management and the principle of least privilege.
Security Monitoring & Incident Response
Improve visibility into ICT environments through continuous monitoring, SIEM, SOC, and threat detection. Strengthen incident response and recovery workflows.
Third-Party ICT Risk Management
Evaluate risks that impact cloud services, SaaS services, managed service providers and other technology dependencies. Set up processes for continued third-party risk monitoring.
Sphinx Worldbiz are always accommodating our diverse needs and we feel like they are a part of our company rather than an external supplier.
DORA Compliance FAQs
What is DORA compliance?
DORA compliance is about adhering to the EU requirements in the financial industry for digital operational resilience, covering ICT risk management, incident management, resilience testing, and ICT third-party risk management.
Who does DORA apply to?
The scope of application of DORA is quite extensive and covers most financial institutions operating within the EU, among others, banks, insurance companies, investment firms, payment institutions, and others as defined in the scope of the DORAs.
What are the main pillars of DORA?
DORA covers ICT risk management, ICT-related incident reporting, digital operational resilience testing, ICT third-party risk management and information and intelligence sharing.
Does DORA cover cloud service providers?
Yes. DORA sets out new obligations on ICT third-party risk and a monitoring regime for selected critical ICT third-party service providers.
What is digital operational resilience?
Digital operational resilience is an organization’s ability to withstand, respond to, recover from, and learn from ICT-related disruptions while maintaining critical operations.
How can an organization prepare for DORA?
Use a DORA readiness assessment to begin the process by checking the risks, critical functions, incident management, third-party dependency, resilience testing, business continuity, and recovery capabilities.
Can Sphinx help with DORA implementation?
Yes. Sphinx team has expertise in supporting DORA readiness and implementation with ICT risk management, cyber security, cloud security, IAM, security monitoring, incident response, resilience testing, disaster recovery and third-party risk management.