Following more than four years of drafts, revisions, and approvals, the deadline for compliance with the Digital Operational Resilience Act (DORA), the EU’s statute governing digital operational resilience for financial service providers, recently went into effect. As a result, the European Supervisory Authorities (ESAs) are now empowered to impose fines for noncompliance. So, if you are among the financial entities or 3rd-party information and communication technology (ICT) providers who fall under the DORA mandates, and you have not yet fully complied with the requirements, time is of the essence.
As with many regulatory statutes, compliance with the extensive requirements defined under DORA can be very taxing on an enterprise. What many may not realize however, is that threat exposure management solutions such as Nagomi’s Proactive Defense Platform can greatly reduce the time and effort required for compliance with many DORA requirements.
In this blog, we’ll highlight some of the key areas in which the Nagomi platform can help achieve and maintain compliance with DORA requirements and reduce the overall pain associated with compliance initiatives.
DORA Overview
DORA compliance applies to a broad mix of financial entities operating within the EU including banks, insurance carriers, investment & asset-management firms, credit agencies, crypto-asset service providers, and many others. In addition, many organizations that were previously exempt from ICT standards, such as third-party service providers for account information, crypto-assets, and data reporting, are now obliged to align with DORA.
Though the DORA requirements are quite extensive, encompassing 64 articles, across 9 chapters plus amendments, the key points can be summarized in these 5 pillars:
- ICT Risk Management
- Incident Reporting
- Digital Operational Resilience Testing
- Third-Party Risk Management
- Information and Intelligence Sharing
How Nagomi Can Help
The Nagomi platform not only fulfills specific DORA requirements, but also makes the compliance process more efficient and reduces the opportunity for drift over time. Some of the specific areas Nagomi supports DORA and other compliance initiatives include:
Data Consolidation- Whether it is DORA or another statute specific to your industry, one of the primary issues that makes cybersecurity compliance initiatives so challenging is in consolidating and normalizing the disparate data, that exists in various silos, and is tracked in various formats across your information estate.
The Nagomi platform correlates and normalizes data from across your information assets, your security stack, and the external threat landscape, empowering security teams, executives and auditors to operate from a single, centralized source of truth. The Nagomi platform also applies context to the data specific to your business environment, enabling security teams and auditors to easily identify which parts of the organization are meeting DORA requirements and which need improvement.
Track the effectiveness of your tools, with benchmarks and deep dives into their deployment and configuration
- Article 6: Requires financial entities to adopt an ICT risk management framework to ensure resilience.
- Article 7: Mandates risk identification to assess vulnerabilities in IT systems.
- Article 8: Focuses on protection and prevention, ensuring firms implement cybersecurity controls.
- Article 9: Covers detection mechanisms for identifying threats and anomalies in ICT systems.
- Article 10: Requires response and recovery plans, including backup and disaster recovery strategies.
- Article 11: Stipulates learning and evolving, requiring firms to continuously improve resilience.
Nagomi’s proprietary data engine integrates information from across your information environment including assets, security tools and configuration databases to ensure tools are configured properly and security policies are adhered to.
While DORA isn’t a cybersecurity framework per se, it lays out a regulatory framework that integrates elements of various well-known cybersecurity principles and practices such as NIST and CIS. The Nagomi platform maps your environment against these frameworks to ensure you are aligned with best practices and and integrates your business context to levels of risk fall within the appropriate ranges.
Additionally, the platform utilizes multiple threat intelligence sources, including MITRE ATT&CK, to provide continuous visibility into your attack surface. Nagomi prioritizes the most critical TTPs and exploitable vulnerabilities based on your business context and operational relevance and provides tailored defensive guidance, aligning security actions with your broader goals. These workflows streamline operations, enable faster, more precise responses, and maximize resilience within your environment.
Track your level of resilience against different threat scenarios.
Get a detailed defensive plan with your top 15 prioritized remediation recommendations with full context for each
Digital Operational Resilience Testing- DORA’s Article 25 requires entities to conduct rigorous digital operational resilience testing. This means regular and thorough assessments to validate the effectiveness of security measures, ensuring weaknesses are identified and mitigated promptly. This testing is to follow a risk-based approach for “identifying weaknesses, deficiencies and gaps in digital operational resilience and of promptly implementing corrective measures”.
The Nagomi platform identifies and prioritizes security weaknesses caused by policy noncompliance, vulnerabilities, misconfigurations, coverage gaps, and other factors. Instead of static, one-off resilience testing, Nagomi delivers an automated, data-driven approach—assessing your exposure from the inside out based on your assets, defenses, and the most relevant threats.
Deep Dive into any threat actor and quickly be able to answer the question: How Protected Am I?
Understand your gaps in the context of NIST or CIS as an engine to prioritize remediations to increase security maturity
Executive and Board Reporting- As part of establishing an ICT risk management framework, Article 5 places heavy expectations on the “Management Body” (board) of EU financial entities stating it “bears the ultimate responsibility for managing … ICT risk” and “shall actively keep up to date with sufficient knowledge and skills to understand and assess ICT risk“.
This means the CISO needs to be part of board-level security discussions, and on-going reporting (as opposed to an annual audit report) must be produced to ensure the board is kept properly informed.
Nagomi’s board-level dashboards and reports link security performance to organizational objectives, and can be customized to track whatever metrics are most relevant to the business ensuring alignment with board priorities and and the organization’s risk profile.
Reports are generated automatically and updated continuously to provide always current insights into security posture, investment returns, and risk reduction. And trend analysis tracks performance improvements or regressions, helping measure ROI and the effectiveness of security programs over time.
Build board reports to give contextual narratives around the effectiveness, progress and gaps in your Security Program
Create a tailored dashboard to track effectiveness, protection and coverage metrics to align priorities
It’s important to remember that security regulations reflect the lowest acceptable level of security policies and protections, not what is optimal for your unique environment. Think of compliance as the floor, not the ceiling, of your security strategy.
DORA defines many valuable requirements and best practices for ICT risk management, resilience, and information sharing, and the entities that fall under it’s requirements will undoubtedly be safer through compliance. However, It’s also important not to equate “compliant” with “protected”.
Nagomi automates the process of proving your security is actually working. Our platform unifies data across your assets, defenses, and threats to clearly illustrate your security program is both efficient and effective to key stakeholders. This transparency helps you demonstrate measurable results with confidence. By maximizing existing investments, reducing threat exposure, and improving alignment across teams, Nagomi is the only Proactive Defense Platform that turns cybersecurity from a technical cost center into a strategic business enabler. With Nagomi, security goes from feeling fragmented and overwhelming to streamlined and effective— leveraging the tools you already have.
Interested in learning more? Request a demo today.
