What is the Digital Operational Resilience Act (DORA)?
The Digital Operational Resilience Act (DORA) requires financial entities to implement robust measures for ICT risk management, incident reporting, resilience testing, and third-party risk management. This regulation aims to ensure the security and stability of the financial system against digital threats and disruptions. We share related information on the NIS2 Directive here.
ICT Risk Management and Governance
Corporate management must ensure digital operational resilience by implementing a comprehensive ICT risk management framework.
Resilience Testing
You must implement a proportionate, risk-based digital operational resilience testing program, including yearly tests and triennial threat-led penetration testing.
Incident Response and Reporting
You must monitor, manage, log, classify, and report ICT-related incidents, with initial reports due within four hours and detailed reports within a week.
Third-Party Risk Management
You must specifically abide by contract requirements and due diligence checks for third-party ICT providers to ensure continuous monitoring and compliance.
Information Sharing
You are encouraged to share cyber threat information among financial institution peers while ensure compliance with data privacy and security legislation.
Are you ready for DORA?
Time is ticking. With the deadline fast approaching, now is the time to have a plan to be DORA compliant.
Trust AvePoint for Seamless DORA Compliance
AvePoint is the global leader in data security, governance, and resilience, relied upon by 21,000 companies around the world to safeguard digital workplaces on platforms like Microsoft, Google, Salesforce, and others. With features ranging from automated policy enforcement and real-time incident monitoring to comprehensive backup and encryption methods, AvePoint’s sophisticated tools and services equip your organization to comply with DORA’s rigorous standards.
Centralized Oversight
Achieve comprehensive visibility into your data and user activities across cloud platforms. Detect and mitigate risks related to data exposure and insider threats, ensuring DORA compliance.
Automated Policy Implementation
Simplify the enforcement of access settings and configurations to comply with DORA’s regulatory requirements. Automate data governance policies to ensure consistent DORA compliance.
Data Security
Ensure your data is securely backed up and easily recoverable. Meet DORA’s requirements for recovery time objectives (RTO) and recovery point objectives (RPO).
SaaS Management
Boost operational resilience and security. Facilitate compliance with DORA-related incident reporting and risk management requirements.
Security and Privacy by Design
AvePoint is committed to helping organizations navigate the complexities of cybersecurity compliance. With our ISO 27001, ISO 27701, and ISO 27017 certifications, along with SOC2 Type II and CSA STAR Level 2 certifications, you can trust us to protect your data and ensure regulatory adherence.
