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The process to comply with the DORA Regulation on cybersecurity requires several activities, which we analyze in this infographic.
The DORA Regulation went into effect on January 17, 2023, although it will not be binding until January 17, 2025. However, the activities to be carried out are quite complex, requiring both legal and technical and process expertise, and impacting financial companies such as banks, insurance companies, cryptocurrency service companies, financial institutions and their suppliers.
The law firm DLA Piper has developed with a technology partner a methodology for complying with the obligations under the DORA Regulation that includes a system of risk and process analysis and solutions to be adopted to bring the company into compliance with the regulation efficiently, avoiding duplication with other regulations that impact adjacent areas.
In this infographic, we have tried to provide practical guidance on how to comply with the cybersecurity obligations dictated by the DORA Regulation and hope it will be useful.
For a more in-depth analysis of the issue, you can read the article “DORA Regulation into force: new cybersecurity obligations for banks, insurance companies and financials.”
In addition, if you would like to know more details about the methodology developed by the law firm DLA Piper in relation to compliance with the requirements of the DORA regulation you can contact Giulio Coraggio.