The Digital Operational Resilience Act (DORA) sets a unified framework for ICT risk management across the EU financial sector, covering over 22,000 entities and their third-party service providers. This regulation emphasizes that supply chain cybersecurity is not optional but essential. DORA mandates organizations to implement rigorous third-party risk management, including vendor assessments, contractual safeguards, and ongoing monitoring. Key compliance pillars include ICT risk governance, incident reporting, resilience testing, and information sharing.
By proactively embedding these practices into their cybersecurity strategy, financial institutions can enhance operational continuity, reduce risk exposure from supply chain dependencies, and meet regulatory expectations by the January 2025 enforcement deadline.
How Bitsight Capabilities Support the Five Pillars of DORA
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