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DORA’S REQUIREMENTS: STAYING AHEAD OF THE EVER-CHANGING THREAT LANDSCAPE

As the European Union’s Digital Operational Resilience Act (DORA) deadline approaches, financial institutions are facing a crucial moment in their cybersecurity journey. To ensure compliance and maintain operational resilience, organizations must stay up-to-date on emerging threats and vulnerabilities.

Key Requirements for Cyber Risk Management

Stay Informed

  • Establish a culture of continuous learning and awareness to stay ahead of the evolving threat landscape.
  • Stay informed through regular updates on emerging threats and vulnerabilities.

Test Defense Capabilities

  • Regularly test an organization’s ability to maintain critical functions during and after a cyber incident, identifying vulnerabilities and areas for improvement.
  • Use scenario-based simulations, penetration testing, and simulated cyber-attacks to identify vulnerabilities.

Foster Information Sharing Across Borders

  • Collaborate with experts and sector dialogues to stay informed on emerging threats.
  • Monitor regulatory adjustments and changes in the threat landscape.

Under DORA, organizations must report major ICT-related incidents to relevant competent authorities within a set timeframe. The Joint Committee of the European Supervisory Authorities has provided guidance on classifying ICT-related incidents into three layers.

Operational Resilience Testing

Operational resilience testing assesses an organization’s ability to maintain critical functions during and after a cyber incident. This includes:

  • Scenario-based simulations
  • Penetration testing
  • Simulated cyber-attacks

Regular Vulnerability Assessments and Scans

Regular vulnerability assessments and scans are essential in identifying areas for improvement and ensuring cybersecurity measures remain robust and adaptable.

Capgemini Guides Financial Institutions Towards DORA Compliance

As organizations navigate the complex network of European cybersecurity regulations, Capgemini offers guidance on their journey towards DORA compliance. Interested to know more?