The EU DORA (Digital Operational Resilience Act) serves as a comprehensive legal framework that aims to bolster the digital operational resilience of the financial sector.
We are thrilled to announce that we have initiated a Free Educational Series focused on understanding each article of the EU DORA, breaking down the legalese into actionable insights.
Navigating the intricacies of compliance requirements can be challenging, particularly for small and medium-sized companies in the financial industry. Article 4 of the European Union’s Digital Operational Resilience Act (DORA) is essential, providing the guidelines for ICT risk management. For a more digestible and comprehensive understanding, you can watch our video lesson embedded above. Optionally, you can also view this lesson by registering for our FREE DORA Course on the Business Security and Resilience portal. Note that registration is required to access the lesson.
Why Register for the FREE DORA Course?
By registering, you will receive:
- Notifications about new articles and lessons about DORA.
- Invitations to our quarterly live Q&A sessions to answer your DORA-related questions.
The Importance of Article 4
Article 4 is pivotal, emphasizing the need for a robust ICT risk management framework. In a climate of rapidly evolving cyber threats, a solid risk management foundation is not just a good-to-have—it’s a business imperative.
Key Highlights of Article 4
- Governance: The article accentuates that ICT risk management should be part of the strategic planning and governance framework.
- Policy Formulation: The guidelines insist on the development of transparent, actionable ICT risk policies and procedures in alignment with your organization’s risk tolerance.
- Risk Evaluation: Periodic assessments to identify vulnerabilities and risks are stipulated.
- Third-party Management: The risk management framework should also incorporate considerations for third-party dependencies.
- Leadership Support: Ensure the board and senior management allocate resources and endorse risk management policies.
- Strategic Alignment: Incorporate ICT risk management as an integral part of your business objectives.
- Regular Audits: Create a routine for reevaluating and updating your risk management processes.
- Staff Training: Equip your staff with the knowledge and tools to handle ICT risks effectively.
Enhance Your DORA Compliance with Xiphos
With our Premium flagship program, Business Security and Resilience, we offer more than just insights. Gain access to specialized tools, templates, and personalized expert support to streamline your DORA compliance journey.
To delve deeper into compliance and to receive customized support, consider enlisting in our Premium Business Security and Resilience program.
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Mastering EU DORA Article 4 is within reach, and with the right guidance, compliance becomes a business enabler, not a roadblock. Let Xiphos be your ally on this journey.