The Digital Operational Resilience Act (DORA) was passed to address the increasing cyber threats in the financial industry and strengthen resilience. Implementation is challenging for many companies. An expert explains how organizations can address this.
Since January 17.01.2025, XNUMX, companies in the European financial sector have been required to comply with the DORA requirements. DORA requires robust IT risk management and incident reporting processes, which poses challenges for many financial institutions. This is due to the fact that many companies in the financial sector still use outdated IT systems that are unable to meet DORA's stringent requirements, such as continuous monitoring of IT and OT systems. Replacing old systems with new ones is costly and places particular pressure on smaller companies.
The shortage of IT specialists also complicates the implementation and compliance of these high standards. Unfortunately, there is no improvement in sight here – on the contrary, a Bitkom study shows that the situation will worsen in the coming years.
Increased IT security with DORA
However, there are also measures financial institutions can take to address these issues – for example, implementing automated endpoint management. This approach provides the necessary visibility, control, and security for all endpoints – including servers, laptops or PCs, and mobile devices – that could pose a risk to financial institutions and their users. Other measures include automated patching to manage vulnerabilities, backups to restore data in the event of an attack, and automated detection and response.
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As cybersecurity risks continue to grow, financial institutions should also view regulations like DORA as an opportunity to make their own IT infrastructure more resilient against cyberattacks. Protection against cyberattacks is more important than ever – according to a report by the Federal Office for Information Security (BSI), the aggressiveness and sophistication of cybercriminals have increased significantly in recent years. It is therefore expected that even more critical infrastructure sectors will adopt these frameworks in the future.
Comment by Andre Schindler, General Manager EMEA and SVP Global Sales at NinjaOne.
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About NinjaOne
NinjaOne automates IT's toughest tasks, providing more than 17.000 IT teams with visibility, security, and control across all endpoints. The NinjaOne platform is proven to increase productivity while reducing risk and IT costs. NinjaOne is consistently ranked #1 for outstanding support and is the highest-rated software on G2 in seven categories, including endpoint management, remote monitoring and management, and patch management.
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