- Lithuanian ICT security and compliance automation platform CyberUpgrade has introduced its free DORA self-assessment tool.
- The new offering provides two ways for firms to assess their DORA readiness and make the necessary changes in order to comply with the new EU regulations on financial resilience.
- CyberUpgrade made its Finovate debut at FinovateEurope 2025 in London.
Lithuania-based regtech CyberUpgrade recently launched a free DORA self-assessment tool designed to help fintechs meet the European Union regulatory requirements of the Digital Operational Resilience Act (DORA). DORA is a new EU-based mandate designed to ensure the security and operational resilience of companies in the financial sector, specifically by focusing on the networks and information systems that financial operations rely on. The regulation impacts not only banks, investment companies, and insurers, but also third-party ICT providers, as well.
“DORA has introduced a complex and urgent set of requirements that many financial institutions and their third-party providers have been struggling with,” CyberUpgrade CEO and Co-Founder Aurimas Bakas said. “Our tool helps organizations get clarity on where they stand and what actions they need to prioritize—without needing prior in-depth DORA knowledge.”
DORA mandates that companies must maintain essential operations even during major disruptions; provide robust defense against fraud and cyber threats; and log, monitor, and report major ICT incidents. Although DORA was enacted in January 2023 and went into effect at the beginning of this year, only 1% of EU companies are fully DORA-compliant. Reasons for this vary from a lack of in-house expertise on regulatory requirements to simple uncertainty and confusion as to how to begin the process.
In response, CyberUpgrade DORA Self-Assessment Tool is free, anonymized, and helps everyone from technical cybersecurity and compliance specialists to executives and managers quickly assess their DORA readiness. The solution is available in two modalities: firms can choose a Fast Track Mode that provides a five-minute, high-level snapshot of their current DORA readiness status, or a Full Scope Mode that includes a 25-minute “deep dive” that spots compliance gaps and produces a detailed readiness score, along with actionable insights.
Using the tool is straightforward. Firms only need to go to the CyberUpgrade DORA Self-Assessment Tool website, select a mode (Fast Track or Full Scope), complete the assessment questionnaire, and download the resulting report that details DORA readiness, any compliance gaps, and recommended next steps. There is no sign-up required and there are no hidden fees or obligations.
“Financial institutions falling short of DORA’s standards face serious regulatory risks, including administrative fines, business restrictions, or even losing operating licenses,” CyberUpgrade General Counsel Nojus Bendoraitis wrote on the company’s blog. “The risks are even sharper for third-party ICT service providers, who are directly supervised by European Supervisory Authorities (ESAs) and face strict oversight and penalties.”
CyberUpgrade made its Finovate debut at FinovateEurope 2025 in London. At the conference, the ICT security and compliance automation platform demonstrated how its AI-driven co-pilot CoreGuardian works with its vendor management solution VendorGuard to provide comprehensive cybersecurity and compliance. CoreGuardian engages workers one-on-one through channels like Slack and Teams to provide real-time education, assessment, and alerts. VendorGuard streamlines vendor management by handling risk assessments, incident planning, and prioritization.
CyberUpgrade’s technology automates up to 80% of compliance tasks, reduces compliance costs by more than €60,000 each year, and keeps companies audit-ready around the clock. Founded in 2023, CyberUpgrade is headquartered in Vilnius, Lithuania.
Photo by Vitalijs Barilo on Unsplash