Financial Sector Leaders & ICT Providers: The DORA Compliance Enforcement is Live!
With the EU Digital Operational Resilience Act (DORA) is now being enforced from January 2025, immediate action is crucial to ensure your organisation's digital resilience and avoid potential penalties.
Is your organisation prepared to meet the stringent requirements of DORA across its five key pillars:
1. ICT Risk Management and Governance
2. Incident Response and Reporting
3. Digital Operational Resilience Testing
4. ICT Third-Party Risk Management
5. Information and Intelligence Sharing
Navigating the complexities of DORA requires a strategic and comprehensive approach. At tmc3 we understand the urgency and the need for a robust assurance model.
Here are urgent actions your organisation should be taking now, and where our tailored Assurance Model can provide crucial support:
Define your strategic priorities and set up a dedicated program to address all DORA requirements. Our Assurance Model provides a structured framework and roadmap to guide your implementation efforts.
Develop and implement comprehensive frameworks to identify, monitor, and manage ICT risks, aligning with DORA's broader business view of resilience. We help you assess and strengthen your existing risk management processes to meet DORA's standards.
Establish effective processes for monitoring, handling, and reporting ICT-related incidents, including significant cyber threats, to regulators. Our model ensures your incident response capabilities meet DORA's reporting requirements and timelines.
Develop and execute a comprehensive testing program, including regular resilience testing and mandatory Threat-Led Penetration Testing (TLPT) for critical entities. We provide expertise in designing and implementing effective testing strategies to validate your resilience.
With DORA's significant focus on ICT third-party providers, it's vital to identify critical providers, review contracts for necessary clauses, and establish robust monitoring throughout the entire lifecycle. Our Assurance Model offers a comprehensive approach to TPRM, aligning with DORA's stringent requirements.
Understand the requirements for participating in voluntary threat intelligence sharing initiatives. We can help you establish processes for effectively processing and sharing cyber threat information.
Don't wait until the last minute. Demonstrate appropriate security and resilience of your critical ICT systems now to ensure a smooth transition and avoid potential disruptions.
Use this our free DORA compliance checklist to identify gaps and take immediate action to ensure DORA compliance.
✔ 20+ Checkmarks: You’re on the right track! Keep maintaining compliance.
⚠ 10-19 Checkmarks: You have work to do — consider a compliance audit.
<10 Checkmarks: High risk! Seek expert guidance immediately.
Need expert guidance? Our Assurance Model provides the structure and support to help you navigate these requirements seamlessly.