Regulation / DORA Regulation
Europe’s Digital Operational Resilience Act (DORA) entered into force at the beginning of 2025. It is binding across all EU member states and has had a significant impact on the European financial sector. DORA applies to financial entities, including banks, insurance companies, and investment funds, as well as to IT service providers that are critical to the financial sector.
DORA is designed to ensure that financial institutions in the EU maintain strong and secure digital operational resilience by establishing standards for information and communication technology security. It also imposes governance and reporting obligations, including oversight of external technology service providers, detailed contractual requirements, and preparedness measures for technological disruptions and cyberattacks, including resilience testing.
DORA’s Impact on Israeli Companies
Israeli companies operating in the European market may be required to comply with DORA, either directly as critical service providers to financial institutions or indirectly through contractual obligations with financial institutions in the European Union.
Our Counsel
Our firm’s international experience, together with the regulatory expertise of the department’s partners, enables us to provide clients with comprehensive support in implementing DORA requirements.
Our services for financial institutions, fintech companies, and service providers include advice on cyber risk management, oversight of external suppliers, preparedness for unexpected technological events, and the drafting of agreements. We also provide comprehensive legal counsel to support compliance with statutory requirements and the implementation of risk monitoring and control processes.
Our services in relation to DORA include:
- Providing strategic advice and guidance to companies and organizations to support compliance with DORA, including legal risk assessments.
- Drafting agreements and appendices required under DORA.
- Assisting with technology risk management, information security, and privacy protection.
- Assisting in developing methodologies for the oversight of external technology service providers.
- Providing legal support in response to technological disruptions and cyberattacks.
Compliance with DORA is not only a regulatory obligation, but also an opportunity to strengthen trust, reduce risk, and gain a competitive advantage in the European financial market. We are here to help ensure that you are fully prepared to meet these requirements.
Insights & News - Regulation / DORA Regulation:
Regulation / DORA Regulation
Europe’s Digital Operational Resilience Act (DORA) entered into force at the beginning of 2025. It is binding across all EU member states and has had a significant impact on the European financial sector. DORA applies to financial entities, including banks, insurance companies, and investment funds, as well as to IT service providers that are critical to the financial sector.
DORA is designed to ensure that financial institutions in the EU maintain strong and secure digital operational resilience by establishing standards for information and communication technology security. It also imposes governance and reporting obligations, including oversight of external technology service providers, detailed contractual requirements, and preparedness measures for technological disruptions and cyberattacks, including resilience testing.
DORA’s Impact on Israeli Companies
Israeli companies operating in the European market may be required to comply with DORA, either directly as critical service providers to financial institutions or indirectly through contractual obligations with financial institutions in the European Union.
Our Counsel
Our firm’s international experience, together with the regulatory expertise of the department’s partners, enables us to provide clients with comprehensive support in implementing DORA requirements.
Our services for financial institutions, fintech companies, and service providers include advice on cyber risk management, oversight of external suppliers, preparedness for unexpected technological events, and the drafting of agreements. We also provide comprehensive legal counsel to support compliance with statutory requirements and the implementation of risk monitoring and control processes.
Our services in relation to DORA include:
- Providing strategic advice and guidance to companies and organizations to support compliance with DORA, including legal risk assessments.
- Drafting agreements and appendices required under DORA.
- Assisting with technology risk management, information security, and privacy protection.
- Assisting in developing methodologies for the oversight of external technology service providers.
- Providing legal support in response to technological disruptions and cyberattacks.
Compliance with DORA is not only a regulatory obligation, but also an opportunity to strengthen trust, reduce risk, and gain a competitive advantage in the European financial market. We are here to help ensure that you are fully prepared to meet these requirements.