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Case Study

Flexible Legal Resourcing

Ensuring Compliance with DORA: A Rapid Response to Regulatory Challenges

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Challenge

Our banking customer faced an urgent need to review and prepare for the regulations set to go into effect in January 2025 under The Digital Operational Resilience Act (DORA). This necessitated a comprehensive business impact assessment of specific scenarios and potentially severe disruptions.

Solution

  • Elevate immediately assembled a team of specialist regulatory lawyers with expertise in risk assessment, cybersecurity protection, testing, third-party risk management, business continuity, and disaster recovery.
  • Within a week, the project team began a systematic review of existing and new in-scope contracts.

Impact

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Identification of contracts subject to the new obligations imposed by DORA.

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Creation and application of a framework for analysing the business impact of various scenarios according to specified risk tolerance levels.

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Actionable recommendations for enhanced cybersecurity protection measures, business continuity strategies, and disaster recovery protocols, such as backup and system restoration.


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