The Digital Operational Resilience Act (DORA) sets strict requirements for financial institutions providing services in EU, demanding robust cyber resilience, risk management, and third-party oversight to withstand operational disruptions. However, achieving and maintaining DORA compliance can be time-consuming, complex, and costly for financial organizations. Konfer’s Agentic AI platform is designed to help financial institutions navigate DORA compliance by offering various tools and resources. These include a DORA Compliance Controls Catalog, gap analysis reports, and ICT(Information and Communication Technology) risk management and third-party oversight. Common challenges include continuous risk management of the layered subcontracting chain and advanced resilience testing.

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The Challenges of DORA Compliance

DORA compliance presents several key challenges for financial institutions, particularly in managing ICT risks, ensuring third-party compliance, and handling incident reporting and security testing.

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Fragmented Risk Assessments

Many firms lack centralized frameworks for evaluating ICT risks across departments.

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Lack of Real-Time Visibility

Identifying vulnerabilities before they escalate remains a challenge.

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Regulatory Complexity

DORA requires proactive measures, but financial institutions often operate reactively

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Insufficient Security Testing

Many companies do not perform regular penetration tests or cyber resilience simulations, which leaves them vulnerable to unidentified risks.

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Resource Constraints

Compliance teams often lack specialized personnel to implement and oversee comprehensive ICT risk strategies

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Lack of Contract Visibility

Many organizations work with multiple vendors (typically several thousand), making it difficult to track whether agreements align with DORA’s requirements.

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Inconsistent Risk Assessments

Vendor risk assessments are often manual and take too long, resulting in outdated evaluations.

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Compliance Liability

Financial institutions remain accountable for third-party failures, even if an external provider is responsible.

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Continuous Risk Management of Sub-contracting Chain

DORA compliance requires continuously maintaining, monitoring, and updating a registry of all ICT providers they engage with, at both sub-consolidated and consolidated levels (i.e., the subcontracting chain of ICT providers), throughout the lifecycle. Financial organizations must review and remediate existing contracts (typically several thousand) within the stipulated time, related to data protection, service level agreements, audit rights, and clearly defined exit strategies.

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Unclear Reporting Timelines

The regulation mandates immediate response, but there is uncertainty about what qualifies as a “major ICT-related incident.”

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Inconsistent Documentation

Incident reports often lack standardized formatting, which makes it difficult for regulators to assess compliance.

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Delayed Response Times

Companies fail to contain threats efficiently without structured workflows.

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Limited Internal Resources

Many organizations lack specialized security teams to conduct ongoing assessments.

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Compliance Blind Spots

Manual reviews often miss critical gaps in ICT controls.

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Difficulty Scaling

Testing requirements expand as financial entities onboard new technologies or vendors.

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Advanced Resilience Testing

How Konfer Simplifies DORA Compliance

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Automated Risk Assessments & Gap Analysis

Konfer Clear™ automates risk assessments by analyzing internal security policies, audit logs, and regulatory documents. It compares existing processes against DORA’s guidelines, identifies gaps, and delivers specific action points to improve compliance.

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Comprehensive Third-Party Oversight

Konfer Clear™ reviews contracts, security policies, and service-level agreements (SLAs) to assess vendor compliance with DORA. It flags non-compliant clauses, which lowers the risk of regulatory penalties.

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Structured Incident Reporting

Konfer Clear™ helps compliance teams structure incident reports based on DORA’s reporting framework. It cross-references incident response logs with EU regulatory standards, ensuring all required information is captured and submitted on time.

Business Advantages

Leveraging Konfer for DORA compliance offers several key business advantages for financial institutions:

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Faster Compliance

Streamline and accelerate the compliance process, reducing the time to achieve DORA readiness.

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Reduced Risk

Minimize the risk of non-compliance penalties, legal liabilities, and reputational damage.

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Cost Savings

Reduce reliance on expensive consultants and manual processes, optimizing resource allocation.

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Enhanced Operational Resilience

Strengthen overall operational resilience by proactively identifying and mitigating ICT risks.

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Time Efficiency

Automate audits, risk assessments, and compliance documentation, freeing up valuable time and resources.

How It Works

Konfer provides a streamlined approach to DORA compliance:

Submit all your evidence securely to your private Konfer instance.

Evidence can include policy and procedure documents, contracts, technical/physical safeguard reports, and relevant data.

Receive a comprehensive gap analysis using Konfer Clear
to generate a report within a defined timeframe.
Use Konfer Confidence, a GenAI-based continuous GRC compliance solution that provides reporting, search capabilities, and data asset management.
It maintains track of all internal assets and their compliance with all regulatory policies.
Leverage Konfer’s tailored recommendations
to implement corrective actions and address identified gaps.
Achieve DORA compliance and demonstrate adherence
to regulatory requirements.

Get Started Today

DORA compliance doesn't have to be overwhelming. With Konfer, you can streamline your compliance efforts and achieve operational resilience.

Try Konfer Clear™ for Free: Reduce compliance risks and secure your operations. Schedule a demo today.
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