CyberUpgrade, a next-gen ICT compliance automation platform developed by expert CISOs, today launched a free, anonymized and self-guided Digital Operational Resilience Act (DORA) Self-Assessment Tool. Designed for financial institutions operating within the European Union or working as third-party vendors with EU-based clients, the tool helps organizations carefully evaluate their DORA compliance posture and operational resilience in light of DORA regulation audits.
The tool can be accessed online, no registration needed: cyberupgrade.net/dora-self-
DORA, which came into effect on January 17, 2025, establishes uniform requirements for the security of network and information systems supporting financial sector operations in the EU. It applies to a wide range of institutions – from banks and insurers to ICT service providers.
Despite its broad scope, many organizations are behind on DORA readiness. Only 1% of EU financial entities consider themselves fully DORA-ready, despite 90% having conducted gap analyses. Furthermore, midsize firms are lagging even further with the average DORA implementation level standing at just 45%, and none expecting to be fully compliant by the deadline.
Aurimas Bakas, Co-Founder and CEO at CyberUpgrade, said:
“DORA has introduced a complex and urgent set of requirements that many financial institutions and their third-party providers have been struggling with. Our tool helps organizations get clarity on where they stand and what actions they need to prioritize – without needing prior in-depth DORA knowledge.”
New CyberUpgrade’s DORA Self-Assessment Tool offers two flexible modes to fit any stage of readiness:
- Fast Track takes up to a few minutes and provides a quick snapshot of a company’s compliance posture.
- Full Scope takes about 25 minutes and delivers a comprehensive analysis coupled with a detailed readiness score with actionable insights.
Both options are free, require no prior DORA experience, and include a downloadable report for easy sharing with stakeholders of any organisation. Each report highlights strengths and gaps of organisation’s DORA readiness while the results can be saved and updated anytime, making it easy to track progress over time.
Failure to comply with DORA can result in severe regulatory consequences which may include administrative fines, restrictions on business activities, and license revocation in extreme cases. For critical ICT third-party service providers – who will be directly supervised by the European Supervisory Authorities (ESAs) – non-compliance can lead to fines of up to 1% of average daily worldwide turnover for each day the breach continues, capped at a total of 6% of annual turnover. These financial and reputational risks make early assessment and remediation not just advisable, but essential.
About CyberUpgrade
CyberUpgrade is an advanced ICT security compliance platform for financial institutions supporting a broad range of security frameworks such as DORA, NIS2, ISO 27001, SOC2, and more. Built by experienced CISOs and fintech pioneers, it delivers the capabilities of a full cybersecurity and compliance department at a subscription cost. By streamlining vendor management, compliance, risk assessment, and audits while engaging every employee in cybersecurity awareness, CyberUpgrade makes security a shared responsibility, empowering businesses with resilience and Fortune 500-level protection