Leading Enterprise Risk Software That Makes It Easy To Meet Even the Toughest Regulations
Did you know that Mitratech Alyne is purpose-built and hand-curated to help you start working towards Digital Operations Resiliency Act (DORA) compliance now? For the first time in our company’s history, our team of experts has added draft content to our Alyne Library.
You can start mapping DORA controls as soon as you’re up-and-running, and gain peace of mind that you can easily implement any needed updates for your Digital Operations Resiliency Act Compliance.
There is no need for a rip-and-replace approach or huge overhaul, either. The Mitratech Enterprise Risk Platform seamlessly integrates with your existing infrastructure, tools, and technology, acting as a DORA expert to help you understand and map the final draft RTS requirements and efficiently consolidate all necessary data (including that required by the EBA/ESA templates) into the Register of Information ahead of the January 2025 implementation date.
The Final DORA Updates Come Out in December — and You Have Until January to Be Fully Compliant.
The DORA compliance countdown is already on. Mitratech Alyne is an easy-to-implement solution designed to help you obtain, monitor, and prove your DORA compliance.
Get a closer look at how you can:
- Map RTS content and standard controls to current DORA articles (and get the flexibility to choose between which is right for your organization)
- Access a step-by-step breakdown of each control’s sub-articles
- Automatically adapt, quickly identify gaps, and auto-create actions — all of which would otherwise be overly complicated (and costly) to do from spreadsheets
- Work around your existing processes
- Easily accommodate limited onboarding with exportable features, delegation tools, etc.
Don’t wait — start working towards better resilience and compliance today.
Are You Prepared for the Seismic Shift About to Occur in the European Financial Sector Come January 2025?
You’ll need more than just a cursory understanding of the Digital Operational Resilience Act (DORA) – you’ll need a comprehensive roadmap to drive compliance. We can help you develop – and have evidence of – a robust framework for driving operational resilience amidst disruptions.
ICT Risk Management and Governance
Incident Response and Reporting
Digital Operational Resilience Testing
Third-Party Risk Management
Information & Intelligence Sharing Arrangements
Download Our Comprehensive DORA Checklist
Dive in to gain a high-level understanding of how to navigate DORA’s regulatory framework effectively today by choosing a technology that can integrate with, and supplement your existing tech stack.
Frequently Asked DORA Questions
The scope of DORA covers a wide range of entities within the EU’s financial system. This includes banks, investment firms, insurance companies, financial market infrastructures like stock exchanges and clearinghouses, and critical third-party IT service providers, including cloud services.
Additionally, critical third-party ICT providers are also regulated under the regulation. Each critical ICT service provider will be designated a Lead Overseer (either EBA, ESMA or EIOPA).
Financial services institutions already must collect data on ICT incidents, report major issues to the authorities, and act on supervisory feedback. Under DORA, they must extend these incidents to critical third-parties.
These institutions are required to have a streamlined process to log/classify all ICT incidents and determine major issues. Reporting of major incidents needs to be harmonized through standard templates. Centralization of the reporting process might be explored by establishing a single EU hub for reporting of major incident
DORA mandates a comprehensive process for assessing the security measures of third-party vendors and ensuring they also meet compliance requirements. Organizations must assess and manage the operational resilience of these service providers. Contracts with third-party vendors should include specific security and compliance obligations and be regularly reviewed and updated to address evolving risks.
DORA also requires ongoing monitoring mechanisms and periodic audits to ensure vendors comply with these contractual obligations. Additionally, it defines procedures for coordinating incident responses for both the organizations and their vendors.
Few platforms on the market have added RTS draft content directly into their platforms to help you start proactively working towards DORA compliance. Mitratech’s leading Enterprise Risk Management Platform is purpose-built and hand-curated to help you start today.
Our team of experts have added draft content to our Alyne Library, mapping RTS’ and aligning standard controls to current DORA articles. This unique offering allows your team to start proactively mapping RTS drafts now, and the peace of mind that you can easily implement any needed updates in those last 30 days.
Boost Your Compliance Efforts with Our DORA FAQ Infographic
The road to DORA compliance can be complex, but with the right resources, you can navigate it with confidence. Our infographic on DORA FAQs is an invaluable tool in your compliance toolkit. Here’s why:
- Visual and Easy to Understand: The DORA FAQ infographic delivers the essential points clearly in a digestible format. Spend less than 10 minutes learning the must-knows of DORA.
- Concise and Comprehensive: We’ve distilled the key aspects of DORA into a concise format, ensuring you get all the information you need without being overwhelmed by details.
- Ready to Implement: With actionable insights and clear timelines, the frequently asked DORA questions infographic helps you take the necessary steps toward compliance without delay.
Don’t wait until it’s too late. Start your journey to compliance today by downloading our DORA FAQ infographic.
Leveraging Technology for Seamless Compliance
Accelerate your DORA compliance journey by leveraging advanced GRC (Governance, Risk, and Compliance) technology solutions, such as the Mitratech Enterprise Risk Platform. With fully centralized and customizable features tailored to the DORA framework and Regulatory Technical Standards (RTS), Mitratech’s solution streamlines compliance management processes, enabling you to adapt swiftly to evolving regulatory landscapes and achieve operational excellence.
Navigate Through the Challenges & Leverage the Opportunities of DORA
Elevate your GRC program today!
Reach out to our team with any questions, schedule a demo or learn more about Mitratech’s GRC solutions.
