We have already implemented BAIT and VAIT, but...

The Digital Operational Resilience Act (DORA) introduces stringent requirements to enhance the resilience of the financial sector against ICT-related risks. To help financial institutions navigate these new obligations, we offer a comprehensive suite of services designed to ensure full compliance with DORA's regulatory framework.

1. DORA Readiness Assessment:

• Gap Analysis: Conduct a thorough assessment of your current ICT risk management practices against DORA requirements. We identify gaps and provide a detailed report outlining the areas that need enhancement to comply with the new regulations.

• Compliance Roadmap: Develop a customized roadmap that prioritizes and sequences necessary actions to achieve full DORA compliance, ensuring that your organization meets all deadlines and requirements.

2. ICT Risk Management Framework Development:

• Policy and Procedure Development: Assist in creating or updating ICT risk management policies and procedures that align with DORA. This includes developing strategies for identifying, monitoring, and mitigating ICT risks across all levels of the organization.

• Risk Assessment and Mitigation: Implement robust risk assessment processes to identify and evaluate potential ICT risks. We help design and execute mitigation strategies tailored to your specific risk profile.

3. Incident Reporting and Management:

• Incident Response Planning:** Develop and implement incident response plans that comply with DORA’s requirements. Our services include setting up incident detection, classification, and escalation processes to ensure timely and effective responses.

• Incident Reporting Systems: Establish systems and procedures for reporting significant ICT-related incidents to the relevant authorities within the prescribed timeframes. We ensure your reporting mechanisms meet all regulatory standards.

4. Third-Party Risk Management:

• Outsourcing and Third-Party Oversight: Help manage and monitor ICT risks related to third-party service providers. We assist in developing frameworks for assessing third-party risks, establishing contractual agreements, and ongoing monitoring to ensure compliance with DORA’s requirements.

• Third-Party Audits: Conduct regular audits of your third-party providers to ensure they adhere to DORA’s standards, minimizing your exposure to ICT risks arising from external partners.

5. Operational Resilience Testing:

• Threat-Led Penetration Testing (TLPT): Perform TLPT exercises to evaluate the effectiveness of your ICT systems and processes under simulated cyber-attack conditions. These tests help identify vulnerabilities and ensure that your systems are resilient against potential threats.

• Business Continuity and Disaster Recovery Planning: Develop and enhance your business continuity and disaster recovery plans to align with DORA’s operational resilience requirements. We ensure that your organization can maintain critical operations during and after disruptive events.

6. ICT Security Monitoring and Reporting:

• Real-Time Monitoring Solutions: Implement advanced monitoring tools and practices to continuously track ICT security threats. Our solutions provide real-time alerts and dashboards to ensure that any potential issues are addressed promptly.

• Regulatory Reporting and Documentation: Assist in the preparation and submission of all required documentation and reports to regulators, ensuring ongoing compliance with DORA’s ICT risk management and reporting obligations.

7. Training and Awareness Programs:

• Staff Training: Develop and deliver targeted training programs to increase awareness and understanding of DORA requirements among your employees. This includes training on incident response, risk management, and third-party oversight.

• Simulated Drills: Conduct regular simulated cyber-attack drills to test your organization’s readiness and improve your staff’s response capabilities in alignment with DORA.

8. Ongoing Compliance Support:

• Managed Services: Offer continuous monitoring and management of your DORA compliance activities. Our managed services ensure that your ICT risk management practices are up-to-date and aligned with evolving regulatory requirements.
• Regulatory Updates and Impact Assessments: Provide regular updates on regulatory changes related to DORA and assess their impact on your business. We help you adapt your compliance strategy to stay ahead of the curve.

By combining our regulatory expertise with state-of-the-art technology solutions, we help you build a resilient ICT framework that not only complies with DORA but also strengthens your overall operational resilience. Our services are tailored to meet the specific needs of your organization, ensuring you are fully prepared to navigate the challenges of the digital financial landscape.