NEWS & INSIGHTS

Viewing DORA (Digital Operational Resilience Act) solely as an ICT regulation and leaving it entirely in the hands of IT teams would be a shortsighted approach.

DORA is geared towards both ICT (Information and Communication Technology) and business direction and here’s why:

• Focus on ICT: DORA emphasizes the importance of robust ICT infrastructure and processes to ensure the continued operation of critical services in the financial sector. This includes measures like risk management, incident response, and testing of ICT systems.
• Business Direction: DORA also has a strong business focus. It requires financial institutions to have a clear understanding of their critical business services and the potential impact of ICT disruptions. This necessitates collaboration between IT and business teams to ensure DORA compliance is integrated into overall business strategy.

Therefore, DORA bridges the gap between ICT and business direction by requiring financial institutions to:

• Strengthen their ICT infrastructure and processes to withstand disruptions.
• Develop a business-wide understanding of critical services and their dependencies on ICT.
• Implement a risk-based approach to understand threats (threat intelligence), managing ICT risks that impact business operations

In essence, DORA promotes a holistic approach to digital operational resilience, requiring both strong ICT infrastructure and a business-oriented understanding of cyber risks and their impact.

Quadprime offers customised DORA implementation services, empowering organizations to build robust Digital Operational Resilience frameworks that meet supervisory authority requirements. Enhance risk and threat analysis and mitigation.

Contact us today to discuss your DORA compliance needs.