As technology continues to reshape the financial landscape, cybercriminals are evolving just as fast, if not faster. In 2024 alone, financial institutions across Europe reported a significant surge in cyberattacks, ranging from ransomware to third-party breaches and data exfiltration. The need for a coordinated, regulatory-driven response to these threats has never been greater.
Enter DORA—the Digital Operational Resilience Act—a regulatory game-changer that aims to harden the digital infrastructure of the EU financial sector.
What is DORA?
The Digital Operational Resilience Act (DORA) is a landmark regulation enacted by the European Union, coming into full effect in January 2025. It ensures that financial entities can withstand, respond to, and recover from ICT-related disruptions and cyber threats.
Unlike previous fragmented frameworks, DORA delivers a harmonized approach across all EU member states, applying to:
- Banks and insurers
- Investment firms and crypto-asset service providers
- ICT third-party providers such as cloud service vendors.
Why Are Financial Cyberattacks on the Rise?
The financial sector remains a high-value target for cybercriminals due to the volume of sensitive data and assets involved. Emerging patterns include:
✅ A year-on-year increase in ransomware attacks on financial firms
✅ Sophisticated phishing campaigns exploiting third-party integrations
✅ Threats targeting legacy systems and underregulated ICT suppliers
As digitalization accelerates, regulatory resilience becomes as critical as technological innovation.
How DORA Helps Protect Your Business
1. ICT Risk Management
Organizations must implement robust ICT risk frameworks, proactively identifying, assessing, and mitigating technology-related risks.
2. Incident Reporting
Mandatory reporting of major ICT-related incidents creates transparency and enables early warning systems at the EU level.
3. Digital Operational Resilience Testing
Financial firms must conduct regular simulations and tests to prove they can withstand real-world cyberattacks.
4. Third-Party Risk Management
ICT service providers must meet strict oversight standards. Financial firms must establish contractual, monitoring, and exit strategies for vendor risk.
5. Information Sharing
DORA encourages a culture of cooperation, with structured information exchange between entities and regulators to boost collective resilience.
How Konkrit Solutions Helps You Prepare
At Konkrit Solutions, we specialize in guiding financial institutions through DORA implementation and long-term cyber resilience. Our services include:
✅ DORA Readiness Assessments to identify gaps in compliance
✅ Implementation Roadmaps tailored to your structure and risk exposure
✅ Cyber Resilience Testing for realistic, scenario-based defenses
✅ Third-party risk audits and ICT contract reviews
✅ Awareness Training for executive boards and key personnel
With deep domain expertise in cybersecurity and regulatory compliance, we ensure your organization is not only DORA-compliant—but truly resilient.
Let’s Secure Your Financial Future
The stakes are high—and DORA is here to help you face them head-on.
Partner with Konkrit Solutions to build confidence, compliance, and continuity into your digital operations.
📩 Contact us today to schedule your DORA readiness consultation and take the first step toward operational resilience.
