Gatekeeper ’s Post

📣ICYMI: DORA Draft Standards Released for EU Financial Institutions Financial institutions operating in the EU take note! The European Supervisory Authorities (ESAs) published the first set of final draft technical standards under the Digital Operational Resilience Act (DORA). This is big news for strengthening your ICT risk management and incident reporting. The draft standards encompass key aspects such as: ✔️Classifying ICT incidents ✔️Managing risks from third-party ICT service providers The UK may have left the EU, but if you're doing business in the EU, you need to take note of these requirements. Stay up to date with this crucial reading if you want to meet the January 2025 deadline. #DORA #EUregulation #financialstability #cybersecurit https://lnkd.in/emsgDUri

🌍 The Digital Operational Resilience Act (DORA) is a legislative framework created by the EU that aims to enhance financial institutions’ resilience by setting uniform digital risk management standards, protecting consumers, and maintaining economic stability. Read our latest blog to learn everything you need to know about #DORA! 👉 https://bit.ly/3ZErdhp #EUcompliance #DORAcompliance #compliance

Operational resilience is top of mind for both global regulators and financial services firms due to the complex regulatory environment. As regulations continue to be enforced, how can resilience program owners remain ahead of the curve and avoid significant penalties for non-compliance? Join Fusion's Global Head of Financial Service Go-To-Market Richard Cooper for a webinar with the Global Association of Risk Professionals (GARP) on May 7. He will explore how organizations should strategically approach the implementation of operational risk and resilience frameworks to ensure compliance with global regulations. Learn more and register: https://bit.ly/49UXIsS #ProactiveApprach #Compliance #RegulatoryRequirements #Regulations #Resilience #OperationalResilience #OperationalRisk #OperationalRiskManagement #RiskManagement

Dynamic regulatory landscape ✅ Insight's that could transform your organization's future ✅ Not to be missed webinar... ✅

The Digital Operational Resilience Act (DORA), is set to take effect from 17 January 2025. It is an EU regulation aimed at strengthening the Information and Communication Technology (ICT) security of financial entities. If your organisation falls within the financial sector, then here are some key requirements of DORA to be adhered to: - Risk Management - Incident Reporting - Information and Intelligence Sharing - Third-Party Risk Management 2024 is a crucial period for #DORA compliance. Learn more - https://zurl.co/rdyj and speak to a GRC expert to ensure readiness. #Compliance #FinancialSecurity #InformationSecurity

Understanding DORA: The Digital Operational Resilience Act As we move closer to January 2025, it’s crucial for every financial institution and IT service provider in the EU to be prepared for DORA. This EU regulation aims to standardize and strengthen IT security across the financial sector, impacting everything from risk management to third-party vendor relationships.  Stylianos Giakoumidis has broken down the essentials of the Digital Operational Resilience Act in his latest blog post. From governance frameworks and incident management to resilience testing and third-party risk management, find out how these changes will affect your operations and what you can do now to comply.  Read more about the strategic importance of DORA and how to align your IT practices with these upcoming regulations in my detailed breakdown. Let’s prepare together for a more resilient digital financial landscape. https://lnkd.in/dtwZcTWB  

The Digital Operational Resilience Act is set to drastically change how the Financial Industry conducts its risk management. The new EU regulations have been designed to strengthen the resilience of the EU financial sector. Check out our new #blog which breaks down the key points and what they mean for you. https://bit.ly/3X6KeaN

Operational resilience is critical for businesses, especially with the next regulatory milestone in March 2025 fast approaching. Scenario Analysis and Business Process Management are taking centre stage to identify and remediate vulnerabilities in the resources that support important business services. Plus, there's added pressure from DORA. Read my short post on the Shapes First website and get in touch if you want to hear more. https://lnkd.in/ei6irc6c #OperationalResilience #ScenarioAnalysis #BusinessProcessManagement #DORA #RiskManagement #RegulatoryCompliance #PaymentServices #FinancialServices #ShapesFirst #ShapingUpForTheFuture

Financial institutions understand that onboarding a new vendor, especially a critical one, extends far beyond signing a contract. It’s an intricate process involving strategic planning, risk management, and regulatory compliance. This guide aims to walk you through the strategic, efficient, and compliant ways to onboard new vendors, ensuring that your institution’s needs are met without compromising on quality or security. Read more on our latest blog 👉 https://hubs.li/Q02fCH8G0

The Authority has just published two important updates/documents related to the Digital Operational Resilience Act (the 'DORA Regulation'): 1. A Circular titled Update on the Guidance on Technology Arrangements, ICT and Security Risk Management, and Outsourcing Arrangements, outlining the updated applicability of the Guidance Document, considering the DORA Regulation; and https://lnkd.in/dejquHBu 2. A Feedback Statement on the National Implementation of Regulation (EU) 2022/2556 and Transposition of Directive (EU) 2022/2556 on Digital Operational Resilience for the Financial Sector, outlining the feedback received during the DORA public consultation and the Authority's position. https://lnkd.in/dTvXxxqd