A medium-sized cooperative bank faced the challenge of efficiently implementing the EU’s DORA regulatory framework and strengthening its cyber resilience. Together, we analysed the current situation and implemented a comprehensive transformation of its IT risk management.
MAKE CYBER RESILIENCE ACTIONABLE
Digital Resilience Strengthened
DORA requirements implemented in a structured manner.
Cyber risks identified more quickly
IT risk management has been fundamentally modernised.
Improved responsive-
ness
Lead times reduced by 50 per cent.
Client
Co-operative bank
Sector
Financial Services / Banking
Project goal
Implementing DORA requirements and enhancing cyber resilience
Technology
IT Risk Management Systeme, Cyber Security Frameworks
Video: Nadine highlights cyber risks and strengthens the resilience of financial services providers.
The path to customer transformation
- The task
- Our Approach
- The added value
Building cyber resilience within a regulatory framework
The bank faced the challenge of understanding and implementing the complex requirements of the EU’s DORA regulation. In addition to regulatory uncertainty, there was a lack of clarity regarding the current level of maturity, as well as a lack of concrete approaches to technical implementation.
Gap analysis as a starting point for targeted transformation
KPMG first carried out a comprehensive gap analysis to determine the current situation. Building on this, four key areas for action were defined: IT risk management, information security incident management, management of service providers, and resilience testing. Regulatory requirements were interpreted and directly translated into actionable measures.
Faster response, greater security and transparency
As a result of the transformation, the bank was able to identify and assess IT risks much more quickly. In addition, clear sets of measures were introduced and the bank’s ability to respond to cyber threats was significantly improved. Risk management turnaround times were halved and the basis for decision-making was significantly strengthened.
How we make the difference
We combine in-depth regulatory expertise with technological know-how to translate complex requirements, such as DORA, into concrete, actionable solutions. By closely integrating strategy, regulation and implementation, we enable our clients to operate in a way that is sustainably resilient and future-proof.
KPMG. Make the Difference.
Your contact
KPMG employees can make the difference on your transformation journey, because when technology is placed in the right hands, great things can happen.
Through the personal insights, success stories and technology solutions of our consultants, discover how KPMG can help your organisation increase agility and resilience, laying the foundation for holistic growth.
KPMG. Make the Difference.