1. What is DORA?
DORA (Digital Operational Resilience Act) is an EU regulation aimed at strengthening the digital resilience of financial institutions. It imposes obligations related to ICT risk management, system resilience testing, and reporting of cyber incidents.
2. Who is affected by DORA regulations?
The regulation applies to a wide range of entities, including banks, investment firms, payment institutions, crypto-asset service providers, and external technology providers offering services to the financial sector.
3. When does DORA come into effect?
DORA came into force on January 16, 2023, but full compliance will be mandatory from January 17, 2025. Financial institutions have a two-year transition period to implement the required procedures.
4. What are the main requirements of the regulation?
Implementation of ICT risk management strategies.
Testing the digital resilience of IT systems.
Reporting cyber incidents.
Managing risks related to technology providers.
Sharing threat intelligence within the financial sector.
5. What penalties apply for non-compliance with DORA?
Failing to comply with DORA can result in high financial penalties, reaching several million euros. Companies also face increased risks of cyberattacks and loss of trust from clients and business partners. In extreme cases, regulators may impose operational restrictions or enforce additional supervisory measures.
6. How to prepare a company for DORA compliance?
Conduct an audit of IT security policies.
Implement cybersecurity testing and monitoring systems.
Train employees on the new regulations.
Develop ICT incident management plans.
7. What impact does DORA have on the financial sector?
DORA raises IT risk management standards and enforces a priority focus on cybersecurity. Financial institutions must adopt stricter system monitoring procedures and conduct regular cybersecurity resilience tests.
Mandatory penetration testing will help detect security vulnerabilities.
Faster incident reporting will improve transparency and accountability.
Stricter oversight of technology providers will require audits and security assessments.
As a result, DORA will enhance data security for customers and improve the sector’s resilience to cyber threats.
8. Does DORA affect cooperation with IT service providers?
Yes. Financial institutions must closely monitor technology providers, conduct audits, and enforce compliance with DORA regulations.
9. Key Steps to Implement DORA in a Company
Regulatory compliance analysis – Conduct an audit of IT systems and security policies.
Updating security procedures – Align ICT risk management standards with DORA requirements.
Implementing monitoring and testing tools – Ensure resilience against cyber threats.
Employee training – Raise awareness of the new regulations.
Developing incident reporting procedures – Enable effective threat response.
10. Challenges in Implementing DORA
Implementation costs – New standards may require significant investments.
Lack of ready-made solutions – Not all companies have adequate IT structures in place.
Integration with providers – Audits and system adaptations may affect business partnerships.
Organizational culture change – Effective implementation requires commitment from management and staff.
11. Why Take Action Now?
Although full DORA compliance will be mandatory from 2025, companies should start preparing as soon as possible.
Early implementation helps avoid penalties and strengthen cybersecurity.
Companies that have already adopted DORA gained greater operational stability and better reputations.
Advanced threat monitoring systems will allow faster response to attacks.
By implementing DORA now, organizations can avoid last-minute investments and better protect their systems from increasing cyber threats.
Updating your CV clause 2025 is crucial for legal and professional job applications. Under GDPR, recruiters can process your data only with explicit consent.
Why Is a GDPR Clause Important?
Your CV includes personal details like name, contact info, education, and work experience. Without a proper clause, recruiters cannot legally process your application.
Recommended GDPR Clause for 2025
If no specific wording is required, use:
“I consent to the processing of my personal data by [company name] for recruitment purposes.”
For extended compliance:
“I consent to the processing of my personal data as per the Personal Data Protection Act (Journal of Laws 2018, item 1000) and Regulation (EU) 2016/679 (GDPR).”
To allow future recruitment consideration:
“I consent to the processing of my data for future recruitment by [company name].”
How to Add the Clause to Your CV?
Place it at the bottom of your CV in a smaller font. Ensure the text is clear and specifies data processing purposes.
Final Recommendations
A GDPR-compliant CV clause is essential for a professional application. Regularly update it to match current legal standards and employer expectations. Proper placement and wording ensure compliance and enhance your credibility with recruiters. CV clause 2025.
