Digital Operational Resilience Act

Regulation (EU) 2022/2554

A common question has been what Proactive Risk delivery can to help those dealing with DORA, so here is a breakdown

1. ICT Risk Management
DORA Requirement: Establish and maintain a robust framework to identify, assess, mitigate, manage, monitor, and govern ICT risks. 
Proactive Risk Services:

• Fractional CISO (vCISO): Provides strategic leadership in developing and overseeing ICT risk management frameworks, ensuring alignment with DORA's governance expectations.   
• Cybersecurity Consulting & Risk Management: Offers cybersecurity strategy development, risk assessments, and policy creation to mitigate ICT threats.
• ManageIT® Remote IT Support: Delivers proactive monitoring, patch management, and policy enforcement to maintain secure and reliable IT operations. 

2. ICT-Related Incident Reporting 
DORA Requirement: Implement processes for classifying and reporting major ICT-related incidents to competent authorities promptly 
Proactive Risk Services:

• Incident Detection and Response: Provides 24/7 monitoring, incident detection, and response services to ensure timely identification and management of security incidents.  
• Digital Evidence Services: Offers cyber incident investigation and eDiscovery services to support incident analysis and reporting requirements. 

3. Digital Operational Resilience Testing
DORA Requirement: Conduct regular testing of ICT systems' resilience, including advanced threat-led penetration testing for significant institutions. 
Proactive Risk Services:

• Cybersecurity Assessments: Performs vulnerability testing and compliance support to evaluate the effectiveness of ICT controls.
• ContinuityXpert: Provides tailored disaster recovery planning and testing to ensure business continuity in the face of ICT disruptions.

4. ICT Third-Party Risk Management
DORA Requirement: Manage risks related to third-party ICT service providers, including monitoring and contractual provisions. 
Proactive Risk Services:

• Vendor Risk Management: Conducts vendor risk assessments and continuous monitoring to manage third-party ICT risks effectively.
• Cybersecurity Consulting & Risk Management: Assists in developing policies and procedures for overseeing third-party ICT service providers.

5. Information Sharing
DORA Requirement: Facilitate the exchange of information and intelligence on cyber threats among financial entities. 
Proactive Risk Services:

• Cybersecurity Consulting & Risk Management: Supports the development of frameworks for sharing threat intelligence and best practices within the financial sector.​

By integrating Proactive Risk's services into your organization's strategy, you can address the critical components of DORA compliance effectively. If you need assistance in developing a tailored compliance roadmap or require further information on specific services, feel free to ask