Report by Veeam
96% of EMEA Financial Services Organizations Believe They Need to Improve Their Resilience to Meet DORA Requirements
Key Findings
20% of financial services organizations have yet to secure the necessary budget to meet DORA requirements.
22% of financial services organizations believe the volume of digital regulation is becoming a barrier to innovation or competition.
94% of organizations are clear on the steps they need to take for DORA compliance.
40% of organizations call DORA a current "top digital resilience priority".
24% of financial services organizations have not established recovery and continuity testing (a DORA requirement).
23% of financial services organizations have not conducted digital operational resilience testing (a DORA requirement).
24% of financial services organizations have not identified a DORA implementation lead (a DORA requirement).
41% of senior IT decision makers at financial services report increased stress and pressure on IT and security teams due to DORA.
94% of organizations surveyed now rank DORA higher in their organizational priorities than they did in the month before the deadline.
39% of senior IT decision makers at financial services reported DORA remains a central focus.
Only 20% of financial services organizations have yet to implement third-party risk oversight (a DORA requirement).
Half (50%) of the respondents said DORA requirements have been integrated into their broader resilience programs.
Over a third (more than 33.3%) of financial services organizations named third-party oversight the most challenging DORA requirement to implement.
21% of financial services organizations have not ensured backup integrity and secure data recovery (a DORA requirement).
22% of financial services organizations felt that DORA’s design could have been improved to aid compliance
24% of financial services organizations have not implemented incident reporting (a DORA requirement).
37% of financial services organizations are dealing with higher costs passed on by ICT vendors as a consequence of DORA.
96% of EMEA financial services organizations believe they need to improve their resilience to meet DORA requirements.
34% of financial services organizations cite third-party risk oversight as the most challenging DORA requirement to implement.