(Schellman CEO) Avani Desai here. Let's talk about something that can make or break your business...DORA. Otherwise known as the Digital Operational Resilience Act, DORA is set to redefine how financial institutions and their critical third-party providers manage digital threats.
That's right. This isn't just another regulation—it's a fundamental shift in how the financial sector will ensure resilience in the face of growing cyber-attacks, and the clock is ticking down for those of you subject to DORA, as the law will come into full effect in January 2025. So, while you have until then to align yourselves with its requirements you should get started now (since the penalties for non-compliance are severe). Failing to prepare now could mean exposing your business to significant risks—not just financially, but also operationally.
Look, I'm not here to scare you. But if you're thinking that the prospect of achieving full compliance in such a short time is daunting, I agree. Navigating DORA’s complexity is not something you should tackle alone and bringing in a third party to assess your readiness could really help you rest a little easier.
At Schellman, we specialize in helping businesses like yours ensure that they're just not compliant with DORA but fully fortified against any digital threat. Our independent perspective will help spot vulnerabilities that your internal teams may have overlooked and our expert guidance will help you quickly make the remaining necessary changes.
We're ready to help you strengthen your cybersecurity, but don't wait until it's too late. With the end of the year approaching fast, it’s crucial to act now. So contact Schellman today to ensure your DORA compliance and achieve the peace of mind that comes with our expertise.