DORA

A Smart Way to Comply with DORA

When fully implemented, the Digital Operational Resilience Act (DORA) creates added value for companies in the Banking and Insurance sectors.

Instead of starting from a blank slate and risking a long and costly implementation project, use iFACTS' proven methodology for implementing information security. Furthermore, the iFACTS platform provides support for all parts of DORA.

The implementation of DORA is based on asset management. In an inventory phase, details such as ownership, classification, and dependencies are registered. This forms the basis for automatically generating subsequent work steps like governance activities, requirements management, establishing goals and metrics, improvements, risk and continuity management, and controls. The implementation is done incrementally for rapid value creation.

Implementation with the Goal of Creating Value Quickly

• Inventory: Document the ICT assets: responsible parties, users, third-party providers, contract document management, maintenance activities, classifications, applicable standards, and dependencies.
• Risk Management: Includes risk identification, assessment, analysis, mitigating actions, vulnerabilities, reporting, and follow-up.
• Incident Management: Report and classify information security incidents. Report according to regulatory requirements.
• Business Continuity Management: Establish plans, test them in a structured manner, and follow up on any identified weaknesses.
• Control: Control programs to verify that key controls are met, including evidence, comments, exceptions, deviations, follow-ups, and GAP overviews.

An effective system support is the key to not only meeting the requirements related to DORA but also turning DORA into an asset in daily operations.