DORA
Unlocking the Secrets of
DORA Regulation
Grace Connect GRC Suite is designed to automate majority of DORA requirements in an efficient and smart way
Grace Connect GRC Suite is designed to
automate majority of DORA requirements
in an efficient and smart way
Introduction to
DORA Regulation
DORA is a EU-based Act designed to formalize requirements related to ICT risk management, resiliency testing, Incident management, and Third-Party Risk Management.
DORA also formalizes definitions, entities in scope, and requirements related to supervision and inspections of financial institutions.
Benefits of
DORA Regulation
By implementing DORA requirements, companies can expect to:
- Improve ICT risk management in a holistic way.
- Ensure that existing resilience practices are tested and effective.
- Improve the incident management processes and cyber threats and incidents detection.
Better manage Third-Party risks for which Financial Institutions remain accountable.
By implementing DORA requirements, companies can expect to:
- Improve ICT risk management in a holistic way.
- Ensure that existing resilience practices are tested and effective.
- Improve the incident management processes and cyber threats and incidents detection.
Better manage Third-Party risks for which Financial Institutions remain accountable.
Benefits of
DORA Regulation
Challenges of
DORA Regulation
Define roles and responsibilities of each stakeholders.
Identify and document existing practices.
Adopt a clear definition of IT Assets and Information Assets.
Define new measure to ensure resiliency of these IT assets and Information Assets.
Train your organization resources on new practices.
- Define roles and responsibilities of each stakeholders.
- Identify and document existing practices.
- Adopt a clear definition of IT Assets and Information Assets.
- Define new measure to ensure resiliency of these IT assets and Information Assets.
- Train your organization resources on new practices.
Implementing DORA Regulation
1
Start your DORA project with a gap analysis of DORA requirements, to understand your organization maturity level and prepare an action plan to ensure compliancy.
2
Keep in mind the proportionality principles, to define a solution that matches with your company size, activities, business operations, and complexity.
3
Carefully elaborate your plan and ensure that your resources can absorb the change.
How Grace Connect can support your organization
Grace Connect risk and compliance experts' team can support your organization during the full project set up and implementation and ensure resources are appropriately trained and ready to get the change.
Our GRC Suite is already designed to ensure compliance with DORA requirements and allows an automation of most of required activities and easy integration with any other existing system in your organization (e.g. . Business Process system, Data modelling system).
Our solution to ensure compliance with DORA requirements