Thomas Murray has developed these workshops to provide boards and executives with the insights they need. They will empower business leaders to make informed, risk-based decisions regarding outstanding activities that must be completed before the compliance deadline.
Leveraging the extensive insights and experience of the collective Thomas Murray team, clients will have access to industry-leading DORA subject-matter experts who will facilitate two interactive, related workshops with key individuals from across their businesses. Delivered by Shreeji Doshi and Ed Starkie, outputs of the workshops will include:
- An understanding of DORA and its implications for business leaders.
- A collective understanding of the activities clients need to complete to achieve compliance.
- An outline of key improvement areas required to achieve DORA compliance.
- Pragmatic advice on how best to use the remaining months before the compliance deadline.
Workshop delivery journey
Registration
Register for the Executive DORA Readiness Workshop.
Agreement
We send you our standard Letter of Engagement and Statement of Work. Terms of business can be reviewed here: https://thomasmurray.com/cyber-terms
Workshop
Use the Calendly link to book your workshops at least two full working days apart.
Commercials
We are offering a discounted price of £5,000 or €6,000 (excluding VAT and fees), to be invoiced after a signed contract is received.
What is DORA?
The Digital Operational Resilience Act (DORA) is a response to the European Commission’s Digital Finance Strategy (September 2020). It addresses risks posed by the digital transformation of financial services through a consistent regulatory framework for digital operational resilience.
More than 22,000 financial institutions and ICT service providers based in the EU will be subject to DORA. Most financial market participants – including banks, investment companies, insurance companies and intermediaries, data reporting providers, and cloud service providers – will be subject to the DORA regulatory framework.
After the 17 January 2025 deadline, enforcement will fall to designated regulators in each EU member state, known as the “competent authorities”. These authorities can enforce:
- Administrative fines for non-compliance.
- Withdrawal of authorisation from financial institutions that consistently fail to comply with DORA.
- Public reprimands of institutions that fail to comply with DORA’s requirements.
- Orders for compensatory damages to the clients, customers or third parties of a financial institution that suffer a loss due to its DORA non-compliance.
- Remedial measures to address any weaknesses or failures in a financial institution’s operational resilience.
Why Thomas Murray?
These services are the pillars of consulting excellence within Thomas Murray's cyber advisory practice. Our unified team of experts will support you as your needs evolve and your requirements grow.
We embed threat intelligence in all that we do and the language we speak. This ensures that you understand the relevance of our work and knowledge as they relate to the context of your business. We ensure that you are uniquely positioned to manage your cyber risk proactively.
Our team is relentlessly focused on helping our clients identify and manage cyber risk: we are responsive, dependable, and of the highest integrity, ensuring that value is realised. We put your needs at the centre of everything we do.
