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Navigating DORA Compliance

Guiding Your DORA Compliance Journey

Large financial organisations across the globe, but specifically in Europe will already be aware of the upcoming Digital Operational Resilience Act (DORA) for financial services entities. What steps does your organisation need to take to comply with this legislation?

In the ever-evolving landscape of financial regulations, the Digital Operational Resilience Act (DORA) has emerged as a pivotal challenge for financial institutions. Complying with DORA regulations demands an elevated standard of operational resilience and cybersecurity. Financial institutions must navigate intricate requirements, ensuring their systems and processes are robust enough to withstand various digital threats while maintaining uninterrupted service delivery. Implementing DORA compliance measures necessitates comprehensive risk assessments, enhanced cybersecurity protocols, and resilient IT infrastructure. 

By meeting these stringent standards, financial institutions not only uphold regulatory compliance but also strengthen their resilience against cyber threats, safeguarding both their operations and their clients’ assets in an increasingly digital environment. Compliance with DORA regulations is essential by 17th January 2025.

DORA

What is DORA?

DORA (Digital Operational Resilience Act) is a regulatory framework designed to ensure financial institutions can withstand and recover from all types of digital disruptions, safeguarding the integrity, availability, and confidentiality of their ICT systems.

The scope of DORA is poised to be significantly more extensive than any prior regulation, affecting all financial institutions and essential service providers that require access to or operate within the EU market.

Moreover, beyond these financial organisations, the European Supervisory Authorities (ESAs), which oversee the EU financial markets will have the authority to designate critical ICT third-party service providers. This designation will be based on factors like sustainability and the potential systemic impact that could result from a major operational failure.

Salt: A Tailored Approach for Financial Institutions

At Salt Communications, we understand the regulatory pressures on financial organisations. Our goal is to provide the essential platform and expertise needed to navigate these challenges and protect sensitive information. Salt Communications offers a tailored approach for financial institutions.

Salt integrates smoothly with existing IT infrastructure, ensuring compliance without disrupting operations. Its scalable architecture supports growth, adapting to evolving needs for both government and financial clients. Salt Communications helps financial institutions stay ahead of regulatory requirements.

The scope of DORA is poised to be significantly more extensive than any prior regulation, affecting all financial institutions and essential service providers that require access to or operate within the EU market.

Moreover, beyond these financial organisations, the European Supervisory Authorities (ESAs), which oversee the EU financial markets will have the authority to designate critical ICT third-party service providers. This designation will be based on factors like sustainability and the potential systemic impact that could result from a major operational failure.

 

Addressing DORA Challenges

As financial institutions grapple with the demands of DORA, Salt Communications provides a tailored solution to secure your communications while following compliance regulations:

Encryption Excellence
Salt’s end-to-end encryption ensures only authorised access to sensitive information in messages, calls, and documents, preventing unauthorised breaches.
Fortified Information Sharing
Securely exchange confidential documents with Salt's encrypted file-sharing, maintaining the integrity and confidentiality of financial data.
Broadcast Functionality
Salt enables compliant communication by sharing alerts, messages, images, and documents with large groups, adhering to DORA and other standards.
Dynamic Compliance Assurance
Monitor and audit communications in real-time with Salt’s features, ensuring compliance with evolving regulations like DORA. Simplify regulatory audits with efficient archiving and retention.
Supply Chain and Outsourcing Communications
Maintain secure communication with suppliers and partners, ensuring operational continuity and effective collaboration, even during crises, to protect the financial sector's stability.
Flexible Deployment Options
Salt offers hosted and on-premise installations, often deployed outside primary infrastructure for secure communication during breaches, acting as a Safe Haven Communications Network.
Security Testing
Salt meets best practice security standards and undergoes regular independent testing, ensuring confidence with over 10 years of experience.

Embrace Compliance Confidence with Salt Communications​

In the face of heightened regulatory scrutiny and the imperative of DORA compliance, Salt Communications emerges as your steadfast partner. Invest in Salt to strengthen the integrity, confidentiality, and compliance of your financial institution’s sensitive information. Navigate the complexities of DORA regulations with ease, powered by the secure and tailored communication solution offered by Salt Communications.

Resources

DORA Compliance: Enhancing Operational Resiliency within Financial Institutes with Salt Communications

Addressing the DORA challenges - the Salt Way

Salt Communications CEO To Speak On Panel At DORA Community Event: How Secure Communications Align With DORA Regulations

For more information about complying with the forthcoming DORA regulations, or to avail of our 30-day free trial or purchase Salt, contact us to speak with a member of our team. 

DORA regulations (deadline 17th January 2025)