Press Release
Annerton offers a test to analyze DORA maturity for financial institutions and their ICT service providers
Berlin, Frankfurt a.M., Munich, July 31, 2024 – The EU’s DORA regulation is a response to the growing ICT security and cyber risks in the financial sector. The regulation places very high standards on financial institutions and their internet and communication services (ICT). Annerton Rechtsanwaltsgesellschaft is now offering an anonymous and free test to determine DORA maturity and to identify the need for action. The test is supplemented by a modular program that guides financial institutions step by step on the path to DORA compliance.
The deadline is 17.01.2025
With DORA, Regulation (EU) 2022/2554 on digital operational resilience in the financial sector (Digital Operational Resilience Act), the EU has created a regulation for cybersecurity, information and communication technology (ICT) risks and digital operational resilience for the entire financial sector, which poses a variety of challenges for institutions. By the deadline of January 17, 2025, the affected companies will have to complete a wide range of steps in order to comply with the strict requirements.
Josefine Spengler, Annerton lawyer and specialist lawyer for IT law, knows the challenges facing financial institutions: “The implementation of DORA is of crucial importance for every financial company. DORA not only strengthens operational resilience, but also ensures that the company remains robust and competitive in an increasingly digitalized and cyber risk-driven world. Given the strict deadline of 17.01.2025, the implementation of DORA must be tackled without delay.”
In view of the approaching implementation date, the Annerton team is providing a simple self-test to draw the financial industry’s focus to the requirements for achieving DORA compliance.
The Annerton self-test provides quick and easy information on the DORA maturity level
The Annerton DORA self-test is non-binding, completely anonymous and free of charge. It takes about 5 minutes and includes questions from the different areas of the DORA requirements. The test provides an initial overview of the current level of maturity with regard to the implementation of the DORA requirements. The partial results provide information on any further action that may be required.
Take the DORA test here: https://annerton.com/en/dora/start/
DORA-ready in 5 modules
Annerton’s DORA program includes five modules that can be booked as required. For example, a GAP analysis can be booked at the beginning to determine the specific need for action. A document review and the renegotiation of contracts are just as much a part of the program as technical support for DORA implementation projects.
Further information on the DORA program: https://www.annerton.com/en/dora/
About Annerton
Annerton is an independent law firm specializing in regulatory law in the financial sector. Since 2020, Annerton Rechtsanwaltsgesellschaft mbH in Germany and Annerton S.A. in Luxembourg have been advising established international institutions and corporations as well as innovative start-ups in the banking, financial services and digital economy sectors. Annerton currently has 26 lawyers, two tax advisors and other team members at its four offices in Berlin, Frankfurt am Main, Munich and Luxembourg.
Further information: www.annerton.com
Contact
Annerton Rechtsanwaltsgesellschaft mbH
Katja Fahrendholz
Wagmüllerstraße 23
80538 München
T +49 170 966 35 21
E kfahrendholz@annerton.com
https://annerton.com/en/news/
Images
