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  • Home
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  • Digital Operational Resilience Act (DORA)
24 Feb

This is how companies survive the Digital Operational Resilience Act (DORA): 3 steps you need to take

The Digital Operational Resilience Act (DORA) requires companies to protect their digital processes against risk. Learn how to build business resilience with 3 critical steps: inventory, risk assessment and crisis management team.

Last week I spoke with an old colleague of mine who works as an IT manager at a large financial company. She was completely panicked because of the upcoming Digital Operational Resilience Act (DORA) that is in effect across Europe. She doesn't know where to start and feared that her company would not be able to meet the demands of the new legislation. After some research and conversations with industry experts, I've been told there are three steps companies must take to survive under the DORA. In this article I share these three steps and how you can best implement them.

Step 1: Ensure a complete inventory of digital processes

One of the most important aspects of the DORA is that companies must ensure a complete inventory of their digital processes. This means that you need to know exactly which systems and applications are in use and what the relationship is between these systems and applications. This is necessary to identify any vulnerabilities and risks. It is important to approach this process thoroughly and carefully. Leverage automated tools to simplify and speed up inventory

Step 2: Provide a risk assessment

After the inventory of digital processes, a risk assessment must be carried out. Companies must determine which risks exist in the various digital processes. This can include cyber-attacks, outages, human errors, and more. It is important to determine which risks have the greatest impact on business and where the greatest risks lie for customer data. Make sure there is also a plan to reduce the risks.

Step 3: Assemble a crisis management team

It is important to put together a crisis management team that can respond to any crises. This team should consist of people with different areas of expertise, such as IT, legal, communications and more. It is important that this team is trained and ready to act quickly in case of problems. Make sure there are clear procedures for reporting incidents and for taking action in case of problems.

Conclusion

The DORA can be a big challenge for companies, but it is certainly possible to meet the requirements of the new legislation. By taking these three steps, companies can lay the groundwork for DORA compliance and protect the company's digital processes. Make sure there are clear procedures for monitoring and improving digital processes, so that you can act quickly and effectively in the event of a crisis. In addition, complying with the DORA will help maintain customer confidence in the company and protect the company's reputation. It is important to implement these steps as soon as possible and to ensure that the company's digital processes meet the requirements of the DORA.

So, if you work at a company preparing for the DORA, make sure you take these three steps. Complete a digital process inventory, perform a risk assessment and build a crisis management team. By following these steps, your company will be able to comply with the requirements of the DORA and protect the company's digital processes against any risks and vulnerabilities. It's time to get going and get your business ready for the DORA!