Today, we're exactly 6 months away from the European Union's Digital Operational Resilience Act (#DORA) becoming applicable across the 27 EU Member States. Also today, the European Supervisory Authorities published their 2nd batch of secondary legislation under DORA (note that the Regulatory Technical Standard on subcontracting, which was also expected today, will be published "in due course"). The European Commission will now start reviewing these documents with the objective to adopt them in the next months. And because good things come in threes, another DORA-related important development this week is Salesforce's updated DORA FAQ including useful information on how financial institutions can get ready for the new law: https://lnkd.in/e2JmBY-z You can read the ESA's 2nd batch of policy documents here: https://lnkd.in/e8a8VycQ #financialservices #digitalregulation #tech #techregulation
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📣 Today, the European Supervisory Authorities (EBA, EIOPA, and ESMA – the ESAs) have published the second batch of policy products under the Digital Operational Resilience Act (#DORA). This release includes four final draft Regulatory Technical Standards (#RTS), one set of Implementing Technical Standards (#ITS), and two guidelines designed to bolster the digital operational resilience of the EU’s #financialsector. 🚨 To get the latest updates and ensure compliance with DORA, register for our live webinar, "DORA—The Update," on 19/9 📅 . The European Commission will bring the latest RTS and Guidelines Updates, and with our experts, we will discuss the challenges related to third-party contracts. Register now 👉🏼 https://lnkd.in/d-zyDPBy https://lnkd.in/eb3R9YJi
ESAs published second batch of policy products under DORA
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The financial sector has recently seen an increase in the number of regulations that it will have to adhere to. The most notable of all is DORA - the EU's Digital Operational Resilience Act. Speaking to Governance & Compliance Magazine, Commvault's Darren Thomson explains more about the regulation and its benefits: https://ow.ly/TigF30sFrk8
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The financial sector has recently seen an increase in the number of regulations that it will have to adhere to. The most notable of all is DORA - the EU's Digital Operational Resilience Act. Speaking to Governance & Compliance Magazine, Commvault's Darren Thomson explains more about the regulation and its benefits: https://ow.ly/TOHi30sFpqV
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The financial sector has recently seen an increase in the number of regulations that it will have to adhere to. The most notable of all is DORA - the EU's Digital Operational Resilience Act. Speaking to Governance & Compliance Magazine, Commvault's Darren Thomson explains more about the regulation and its benefits: https://ow.ly/e1qh30sFpOI
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The financial sector has recently seen an increase in the number of regulations that it will have to adhere to. The most notable of all is DORA - the EU's Digital Operational Resilience Act. Speaking to Governance & Compliance Magazine, Commvault's Darren Thomson explains more about the regulation and its benefits: https://ow.ly/CGHH30sFwTs
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In an era where the digital landscape is constantly evolving, businesses face unprecedented challenges in protecting their data & ensuring regulatory compliance. MyCSO Assurance provides businesses with a solution
Introducing MyCSO Assurance: The Future of Cyber Risk Management and Compliance
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In an era where the digital landscape is constantly evolving, businesses face unprecedented challenges in protecting their data & ensuring regulatory compliance. MyCSO Assurance provides businesses with a solution
Introducing MyCSO Assurance: The Future of Cyber Risk Management and Compliance
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With less than 5 months until the EU's Digital Operational Resilience Act (DORA) takes effect, financial institutions must act swiftly to meet the new compliance requirements. This pivotal shift will redefine operational resilience across the sector. Download our DORA guide today to ensure your firm is ready for 2025. https://hubs.ly/Q02Lhn_h0 #DORA #Compliance #FinancialResilience #EURegulations
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The financial sector has recently seen an increase in the number of regulations that it will have to adhere to. The most notable of all is DORA - the EU's Digital Operational Resilience Act. Speaking to Governance & Compliance Magazine, Commvault's Darren Thomson explains more about the regulation and its benefits: https://ow.ly/9WIr30sFygf
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#DORA has several levels of complexity, but not for all people and not all organisations in scope. 1/ there is a possibility that the organisation's house is in order. After all, in Ireland, CBI issued a guideline and DORA is a stepping stone 2/ there is another possibility that with best effort and 6 months to go, the organisation can't see how it will be able to hand over the required register, never mind being able to protect its data. Those who took GDPR seriously should have a serious foundation for DORA, even if the scope is different, the latter is aligned to some principles of the former. If you panic, no need to. I am sure you can demonstrate that: - adequate governance is in place - policies & procedures are in place - people are trained (from Board level) - IT can demonstrate to the Compliance Officer how they assess the criticality of every asset - the detailed resilence requirements (backup, tests of many natures) are documented and someone checked all was adequate - the penetration tests are about to be tested - nothing will happen if someone unplugs a critical asset by accident - someone can demonstrate how they assess the criticality of every supplier - data processing agreements with relevant suppliers have been amended to be aligned with DORA requirements - nothing will happen when you remove the critical supplier at short notice There is a bit more to it, but this will give you a starting point of what #Bizoneo can help you demonstrate. One thing though, one requirement that #Bizoneo addresses isn't explicitly written in DORA but I am sure you have figured it out, if not, when we give you a demo, we'll explain. Read more here
Providing solutions to assist DORA accountability
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