Has anyone come across a mapping of the Digital Operational Resilience Act (DORA) to other frameworks yet? We are working on readiness plans to inform any budget asks for 2024 and hoping to re-use some of the work we have done in other areas.
Chief Information Security Officer in Healthcare and Biotech2 years ago
This is a bit difficult to answer without knowing the details, but few ideas/ suggestions are here -
Handling the Digital Operational Resilience Act (DORA) requires a systematic approach to ensure compliance and enhance operational resilience within your organization. Here are some steps to help you handle DORA effectively:
Understand the Regulations: Familiarize yourself with the specific requirements and guidelines outlined in the Digital Operational Resilience Act. This will help you grasp the scope and implications of the regulations on your organization.
Conduct a Gap Analysis: Assess your organization's current state of operational resilience and identify any gaps or areas that need improvement to comply with DORA. This analysis should cover areas such as IT systems, processes, cybersecurity, incident response, and business continuity.
Establish a Resilience Framework: Develop a comprehensive framework that aligns with DORA's requirements. This framework should outline the governance structure, policies, and procedures necessary to enhance operational resilience. It should also incorporate risk assessments, incident response plans, and regular testing and monitoring mechanisms.
Implement Risk Management Processes: Adopt robust risk management processes that identify, assess, and mitigate potential risks to your organization's operational resilience. This includes assessing cyber threats, system vulnerabilities, and potential impacts on critical operations.
Enhance Cybersecurity Measures: Strengthen your cybersecurity defenses by implementing appropriate security controls, threat intelligence systems, and incident detection and response mechanisms. This includes regular security assessments, vulnerability management, and employee training programs.
Establish Incident Response Plans: Develop comprehensive incident response plans that address various scenarios, including cyberattacks, system failures, and other disruptions. These plans should outline roles and responsibilities, communication channels, escalation procedures, and steps to restore operations promptly.
Conduct Regular Testing and Exercises: Regularly test and exercise your operational resilience plans and procedures to ensure their effectiveness. This includes tabletop exercises, simulated incidents, and scenario-based drills to validate your organization's response capabilities.
Foster Collaboration: Establish effective collaboration and communication channels with relevant stakeholders, both internally and externally. This includes engaging with regulatory bodies, sharing best practices with industry peers, and collaborating with external partners to enhance operational resilience.
Maintain Documentation and Reporting: Keep detailed records of your operational resilience activities, including risk assessments, incident response logs, testing results, and compliance documentation. This will help demonstrate your organization's commitment to compliance and facilitate reporting to regulatory authorities.
Stay Updated and Evolve: Continuously monitor developments in DORA and related regulations to ensure ongoing compliance. Stay informed about emerging threats, industry best practices, and technological advancements that can further enhance your organization's operational resilience.
Remember, DORA compliance is an ongoing process that requires regular monitoring, adaptability, and a proactive approach to maintain operational resilience.
New privacy laws continue to pass by state/by country. For companies operating in multiple states and/or internationally, is data localization adding additional costs to your privacy program?
Yes, increased headcount19%
Yes, increased vendor/tool costs58%
Yes, both increased headcount and vendor/tool costs17%
This is a bit difficult to answer without knowing the details, but few ideas/ suggestions are here -
Handling the Digital Operational Resilience Act (DORA) requires a systematic approach to ensure compliance and enhance operational resilience within your organization. Here are some steps to help you handle DORA effectively:
Understand the Regulations: Familiarize yourself with the specific requirements and guidelines outlined in the Digital Operational Resilience Act. This will help you grasp the scope and implications of the regulations on your organization.
Conduct a Gap Analysis: Assess your organization's current state of operational resilience and identify any gaps or areas that need improvement to comply with DORA. This analysis should cover areas such as IT systems, processes, cybersecurity, incident response, and business continuity.
Establish a Resilience Framework: Develop a comprehensive framework that aligns with DORA's requirements. This framework should outline the governance structure, policies, and procedures necessary to enhance operational resilience. It should also incorporate risk assessments, incident response plans, and regular testing and monitoring mechanisms.
Implement Risk Management Processes: Adopt robust risk management processes that identify, assess, and mitigate potential risks to your organization's operational resilience. This includes assessing cyber threats, system vulnerabilities, and potential impacts on critical operations.
Enhance Cybersecurity Measures: Strengthen your cybersecurity defenses by implementing appropriate security controls, threat intelligence systems, and incident detection and response mechanisms. This includes regular security assessments, vulnerability management, and employee training programs.
Establish Incident Response Plans: Develop comprehensive incident response plans that address various scenarios, including cyberattacks, system failures, and other disruptions. These plans should outline roles and responsibilities, communication channels, escalation procedures, and steps to restore operations promptly.
Conduct Regular Testing and Exercises: Regularly test and exercise your operational resilience plans and procedures to ensure their effectiveness. This includes tabletop exercises, simulated incidents, and scenario-based drills to validate your organization's response capabilities.
Foster Collaboration: Establish effective collaboration and communication channels with relevant stakeholders, both internally and externally. This includes engaging with regulatory bodies, sharing best practices with industry peers, and collaborating with external partners to enhance operational resilience.
Maintain Documentation and Reporting: Keep detailed records of your operational resilience activities, including risk assessments, incident response logs, testing results, and compliance documentation. This will help demonstrate your organization's commitment to compliance and facilitate reporting to regulatory authorities.
Stay Updated and Evolve: Continuously monitor developments in DORA and related regulations to ensure ongoing compliance. Stay informed about emerging threats, industry best practices, and technological advancements that can further enhance your organization's operational resilience.
Remember, DORA compliance is an ongoing process that requires regular monitoring, adaptability, and a proactive approach to maintain operational resilience.