DORA Compliance Checklist for Financial Institutions

This document is a guide that presents a comprehensive checklist designed to assist financial institutions in achieving compliance with the EU Digital Operational Resilience Act (DORA). It outlines essential standards for safeguarding operational resilience and critical IT infrastructure. The checklist includes ten key steps that organizations should follow, starting with determining the applicability of DORA regulations to their operations. It emphasizes the importance of conducting a comprehensive assessment of current ICT systems against DORA requirements to identify any gaps. Additionally, it details the development of IT risk policies, the establishment of rapid response protocols for cyber incidents, and the creation of a structured action plan to address identified gaps. Other steps include identifying critical third-party providers, evaluating third-party risks, and implementing proactive cyber threat monitoring. The guide also highlights the need for effective communication channels and ongoing leadership training to ensure compliance and resilience against digital disruptions.