Austrian Banking Association and Certitude on DORA

On October 10, 2023, Certitude Consulting, together with Binder Grösswang Rechtsanwälte, explained the DORA regulation that will apply to EU financial institutions, which aims to protect the financial industry more robustly against ICT risks. This is a new level of scope and depth of regulation in the area of information security.

Markus Endres, Managing Partner of Certitude Consulting, explained DORA’s requirements for information security and IT risk management. His colleague Marc Nimmerrichter presented an overview of the TIBER Framework, which is expected to be the standard for DORA-mandated Threat-Led Penetration Testing (TLPT). Stefan Frank and Stephan Heckenthaler from Binder Grösswang explained DORA from a regulatory perspective.