Achieve DORA Compliance with Perpetuuiti
DORA compliance effective by 17th January 2025:
Are You Ready?
The Digital Operational Resilience Act (DORA) is a new regulation introduced by the European Union to enhance ICT and digital risk management, ensuring stronger digital operational resilience within the EU's financial sector.
The European Parliament adopted DORA on 28th November 2022, and it was enforced on 16th January 2023. Regulated entities are expected to achieve compliance by 17th January 2025.
How Perpetuuiti enables organizations achieve the DORA compliance
Perpetuuiti enables organizations achieve DORA compliance by providing automated, robust solutions that ensure continuous operational resilience and risk management. With Perpetuuiti's Operational Resilience Automation Platform, financial institutions can automate their disaster recovery processes using executable runbooks, ensuring seamless testing,execution, and maintenance of IT recovery plans. This not only helps meet DORA's stringent requirements for ICT risk management and incident reporting but also streamlines the entire resilience process by reducing manual interventions. By proactively managing and automating recovery strategies, Perpetuuiti enables organizations to maintain compliance, minimize downtime, and enhance their overall resilience posture
The DORA framework outlines five key requirements, summarized below:
ICT Risk Management and Governance
Continuity Vault enables organizations to implement a comprehensive ICT risk management framework by creating and automating business continuity and disaster recovery plans at scale.This ensures effective documentation and management of strategies, policies, procedures, and protocols.
With Continuity Vault, organizations can establish a robust digital operational resilience strategy and develop ICT business continuity policies tailored to their specific requirements. The suite facilitates the creation of detailed response and recovery plans while enhancing crisis communication processes. By mapping task dependencies and managing thousands of tasks, Continuity Vault provides a clear view of the necessary sequence for effective recovery, ensuring organizations are well prepared to respond to and recover from disruptions.
Incident Reporting and Response
Continuity Vault enhances ICT incident management by equipping organizations with robust systems for tracking, classifying, and reporting incidents. It facilitates rapid identification and reporting of new issues, ensuring swift responses. The suite allows preconfiguration of remediation plans for seamless execution during incidents. Additionally, Continuity Vault s real time dashboards provide visibility into recovery and testing scenarios, while auto generated audit logs serve as precise data sources for regulatory compliance. Furthermore, Continuity Vault generates ISO 22301 certified reports , ensuring a comprehensive audit trail and adherence to internationally recognized business continuity standards.
Digital Operational Resilience Testing
Continuity Patrol facilitates end to end testing via large scale application failovers, utilizing pre built runbook templates to ensure consistent and effective recovery plans.
Additionally, scenario based testing allows organizations to simulate various disruption scenarios, offering critical insights into potential vulnerabilities and areas for enhancement.
Continuity Patrol enables the proactive detection of potential risks and the swift execution of predefined protocols, reducing human error and ensuring consistent compliance. Moreover, by implementing recovery drills on demand, organizations can assess their readiness at any given time. These features ensure that organizations are well equipped to endure disruptions and maintain service continuity, thereby strengthening their digital operational resilience.
ICT Third-Party Risk Management
Continuity Vault enables organizations to configure and automate risk monitoring of third party providers using built in control libraries and automated risk assessments. This capability ensures that organizations can conduct thorough due diligence of third parties in accordance with prescribed standards. Continuity Vault maintains a comprehensive register of information related to all contractual arrangements, ensuring conformance with contracting standards. Additionally, it provides continuous monitoring of risks, delivering detailed status and performance reports that include contract compliance metrics.
Information and Intelligence Sharing
Continuity Vault facilitates both internal and external collaboration, enabling organizations to exchange vital information regarding threats, indicators of compromise, and tactics, techniques, and procedures (TTPs).
To support effective information sharing, Continuity Vault implements a system that safeguards sensitive data while ensuring timely access to cybersecurity alerts and configuration tools. It empowers users to not only share intelligence but also to analyze it collaboratively, enabling proactive responses to threats and improving the collective security posture of the financial services ecosystem.