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What to Know about DORA and How Ivanti Can Help

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DORA basics

In the simplest terms, DORA represents a substantial shift in how financial entities and ICT providers must view and manage digital operational resilience. The regulation focuses beyond basic cybersecurity requirements to ensure organizations are fully equipped to anticipate, withstand and recover from ICT-related disruptions.

In order to be compliant with DORA, organizations must collaborate across functions, make proactive investments in technology and maintain continuous oversight of their digital ecosystems.

Cybersecurity requirements for the EU financial sector

The Digital Operational Resilience Act (Regulation (EU) 2022/2554) (DORA) represents a step change in EU financial regulation, designed to achieve a high common level of digital operational resilience across the EU’s financial sector through the establishment of uniform requirements for financial entities’ cybersecurity measures.

Following the introduction of DORA, financial institutions are required to follow stringent rules for safeguarding against ICT-related incidents. DORA introduces guidelines for ICT risk management, incident reporting, operational resilience testing and oversight of ICT third-party risks.

Key DORA requirements

  • ICT risk management: Financial institutions must manage ICT risks effectively, including regular risk assessments and monitoring.
  • Cyber incident reporting and response: Robust incident reporting and response procedures are required.
  • Operational resilience testing: Regular testing of ICT systems is mandated.
  • Third-party risk management: Strong oversight of third-party service providers is essential.
  • Information sharing: DORA requires financial institutions to share information with other parties in case of incidents.

How Ivanti helps

Ivanti is committed to supporting our customers in their cybersecurity endeavors. We recognize that DORA mandates that our financial sector customers operating in the EU are required to conduct appropriate checks on their third-party service providers.

Compliance with DORA requires robust IT governance, incident management, risk monitoring and reporting capabilities. Ivanti, a leader in IT asset and service management, offers a suite of solutions that can help organizations align with DORA's stringent requirements while streamlining operational practices.

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Some of the ways in which Ivanti supports organizations needs for DORA compliancy:

  • Risk management: Ivanti’s ITSM and GRC applications help manage risks, automate compliance processes and provide real-time insights into compliance status, aligning with DORA's risk management mandates.
  • Incident reporting and response: Ivanti’s incident management system streamlines the process of reporting, tracking and resolving ICT-related incidents, a core requirement of DORA.
  • Operational resilience testing: Ivanti can be used to plan, schedule and conduct resilience testing as required by DORA.
  • Third-party risk management​​​​​​​: Ivanti helps manage third-party risks, a critical aspect of DORA compliance.
  • Governance, risk and compliance (GRC): Ivanti GRC module can be used to establish a DORA governance framework, manage audits and assess compliance.
  • Centralized platform​​​​​​​: Ivanti provides a centralized platform to house and manage all DORA-related documentation, processes and audit trails.
  • Automation/AI: Ivanti automates tasks, reducing manual effort and ensuring efficiency in managing DORA compliance.
  • Real-time insights: Ivanti provides real-time insights into compliance status, allowing organizations to proactively address any issues.

Improve your cybersecurity posture with discovery, service management and security capabilities

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Compliance

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Monitoring

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Remediation

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Integration

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Secure access

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Analytics

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Dive deeper into the products that help you prepare for DORA compliance.

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Get in touch

If you'd like to learn more about how to comply with the DORA regulation, let's connect.

Contact a Specialist