Triton Consulting’s Post

ON THE BLOG: DORA is coming! The Digital Operational Resilience Act comes into effect in January 2025. What will this mean for IT networks? The consequences of non-compliance, both financial and criminal, could be catastrophic for financial institutions. In addition, the consequence of not having an operationally resilient financial sector could be catastrophic for the industry as a whole - DORA prevents this. We've highlighted three key things to keep in mind as DORA looms. Stay tuned for more on this coming soon! Read here -> https://lnkd.in/e6VBDgiQ #NetworkCompliance #DORA

🔍 Curious about the Digital Operational Resilience Act (DORA) and its impact on financial institutions? 📈 Join us in uncovering the depths of this transformative legislation reshaping the EU's financial regulatory landscape! In the wake of the 2008 financial crisis, the European Commission has been steadfast in fortifying the resilience of the EU's financial services sector. Now, with the enactment of DORA in December 2022, a new era of regulatory oversight is upon us. 💼💡 DORA mandates thorough risk assessments and prompt issue reporting, ushering in a new standard of digital resilience. From January 17, 2025, EU financial institutions and their critical ICT providers must ensure compliance with DORA. 🛡️💻 Our comprehensive analysis delves into the implications and essential strategies for navigating this regulatory landscape. From cyber risk management to third-party risk mitigation, we explore the five pillars of resilience outlined in DORA. 🌐🔒 But DORA's reach extends beyond EU borders, potentially impacting foreign enterprises operating within the EU. We'll touch on related developments in the US and the UK, emphasizing the global implications of this European regulation. 🌍💼 Join us as we navigate the complexities of DORA and seize the opportunity to fortify operational resilience while fostering global innovation in the financial services sector. Let's explore DORA together and pave the way for a secure digital future! 💼💻 #DORA #FinancialServices #OperationalResilience #ComplianceDeadline 🚀📊

The PRA and FCA mandate financial institutions to regularly update their operational resilience models to reflect changes in their business landscape, ensuring the reliability of their important business services. 🏦 For example, financial institutions currently rely on historical data to set impact tolerances in their operational resilience models. However, these static models are not flexible enough to swiftly adjust to changing business dynamics and usually demand extensive manual effort. As a result, financial institutions require a more agile and adaptable digital operational resilience model that can automatically incorporate changes in business activities, reducing the need for frequent manual updates to impact tolerances and other parameters. If you are interested in sharing your thoughts, please reach out to me directly here on LinkedIn. https://lnkd.in/e2J9ce7Z

As a strong partner of European financial institutions, #Dynatrace is preparing for #DORA (Digital Operational Resilience Act) requirements. Don't miss this blog post to understand how we’re aligning our efforts with the upcoming changes

Get ready for DORA! 🚀 The Digital Operational Resilience Act (DORA) was introduced on 16 January 2023 and will be fully effective from 17 January 2025. Building on numerous international regulations, its goal is to enhance digital resilience, particularly within the financial sector. As DORA rolls out in January 2025, establishing a robust #ArchiveStrategy and #RecoveryPlan is essential. 📁💼 These steps are vital to ensure your business remains secure and meets compliance requirements. Want to learn more and prepare your business? Dive into our latest article on this topic👇 https://lnkd.in/eXfjc22v #FinanceTech #DataProtection #DORA2025 #TechArrowSolutions #DigitalResilience

The Digital Operational Resilience Act is a law from the European Parliament implemented in December 2022. It requires companies to do a detailed risk assessment and figure out what could go wrong with their digital systems; in addition, businesses must report any problems that do happen so that they can be tracked, controlled, and stopped from happening again. DORA imposes new responsibilities on EU financial institutions in a variety of areas, and the regulation also introduces a new framework for direct EU financial regulator supervision of critical ICT service providers. It will go into full swing effect on Jan 17, 2025: impacted organizations in the EU and their critical ICT providers must be ready to comply with DORA by this date. Unlock the Depths of DORA: Delve into our comprehensive analysis exploring the Digital Operational Resilience Act's impact, implications, and crucial strategies for financial services institutions. https://ow.ly/2W7H50Qfmxu 

Get ready for DORA! 🚀 The Digital Operational Resilience Act (DORA) was introduced on 16 January 2023 and will be fully effective from 17 January 2025. Building on numerous international regulations, its goal is to enhance digital resilience, particularly within the financial sector. As #DORA rolls out in January 2025, establishing a robust #ArchiveStrategy and #RecoveryPlan is essential. 📁💼 These steps are vital to ensure your business remains secure and meets compliance requirements. Want to learn more and prepare your business? Dive into our latest article on this topic👇 https://lnkd.in/eNMTjavZ #FinanceTech #DataProtection #DORA2025 #TechArrowSolutions #DigitalResilience

Get ready for DORA! 🚀 The Digital Operational Resilience Act (DORA) was introduced on 16 January 2023 and will be fully effective from 17 January 2025. Building on numerous international regulations, its goal is to enhance digital resilience, particularly within the financial sector. As DORA rolls out in January 2025, establishing a robust #ArchiveStrategy and #RecoveryPlan is essential. 📁💼 These steps are vital to ensure your business remains secure and meets compliance requirements. Want to learn more and prepare your business? Dive into our latest article on this topic👇 https://lnkd.in/e2QQkerd #FinanceTech #DataProtection #DORA2025 #TechArrowSolutions #DigitalResilience

The Digital Operational Resilience Act is a law from the European Parliament implemented in December 2022. It requires companies to do a detailed risk assessment and figure out what could go wrong with their digital systems; in addition, businesses must report any problems that do happen so that they can be tracked, controlled, and stopped from happening again. DORA imposes new responsibilities on EU financial institutions in a variety of areas, and the regulation also introduces a new framework for direct EU financial regulator supervision of critical ICT service providers. It will go into full swing effect on Jan 17, 2025: impacted organizations in the EU and their critical ICT providers must be ready to comply with DORA by this date. Unlock the Depths of DORA: Delve into our comprehensive analysis exploring the Digital Operational Resilience Act's impact, implications, and crucial strategies for financial services institutions. https://ow.ly/2W7H50Qfmxu

The PRA and FCA mandate financial institutions to regularly update their operational resilience models to reflect changes in their business landscape, ensuring the reliability of their important business services. 🏦 For example, financial institutions currently rely on historical data to set impact tolerances in their operational resilience models. However, these static models are not flexible enough to swiftly adjust to changing business dynamics and usually demand extensive manual effort. As a result, financial institutions require a more agile and adaptable digital operational resilience model that can automatically incorporate changes in business activities, reducing the need for frequent manual updates to impact tolerances and other parameters. If you are interested in sharing your thoughts, please reach out to me directly here on LinkedIn. https://lnkd.in/eB3dT5Nj