Lockthreat integrates with the Digital Operational Resilience Act (DORA) to ensure that financial institutions can meet the regulatory requirements for maintaining robust operational resilience in the face of disruptions, cyberattacks, and other operational risks. This integration helps organizations:
Monitor Cyber Resilience: Continuously track and assess the operational risks across digital systems, ensuring business continuity and resilience.
Ensure Compliance with DORA: Align operational practices with DORA’s rules, ensuring your organization’s ability to withstand, respond to, and recover from digital disruptions.
Risk and Incident Management: Automate incident detection, response, and reporting in line with DORA’s incident management and reporting obligations.
Improve Cybersecurity Posture: Monitor vulnerabilities, security risks, and threats to critical IT systems, ensuring the protection of essential services.
Audit and Reporting: Maintain a comprehensive record of compliance and incident response efforts for audits and regulatory review.
How to Integrate Lockthreat with DORA ComplianceFollow these steps to integrate Lockthreat with DORA compliance requirements for operational resilience:Step 1: Understand DORA Requirements
Familiarize yourself with the key requirements of DORA that focus on operational resilience, including the rules for incident reporting, risk management, third-party service providers, and business continuity.
Understand critical ICT (Information and Communication Technology) systems within your organization and how they impact operational continuity.
Step 2: Set Up Digital Resilience Monitoring
In the Lockthreat dashboard, navigate to Compliance Integrations and select DORA.
Identify your critical IT services (such as banking systems, payment infrastructure, and other financial services) to monitor for disruptions and threats.
Enable resilience monitoring for these critical systems to ensure they remain operational under various conditions, including cyberattacks and system failures.
Step 3: Configure Incident Detection & Response
Enable incident detection for any disruptions or cyberattacks that affect critical services or systems, ensuring you can respond quickly.
Set up automated workflows to notify teams of security incidents and provide the necessary reports for compliance.
Activate incident classification and reporting features that align with DORA's rules for reporting major disruptions, including a timeline for response and recovery actions.
Step 4: Manage Third-Party Risk
Identify and manage risks associated with third-party service providers as required by DORA.
Enable monitoring for third-party contracts and service disruptions that could impact your operations.
Ensure third-party risk assessments are performed regularly, including security and operational resilience checks, to ensure that service providers meet DORA’s cybersecurity and operational continuity standards.
Step 5: Set Up Resilience Reporting
Configure real-time reporting to document system resilience, incidents, and recovery efforts.
Align reports with DORA's incident reporting standards, including severity levels, response actions, and recovery timelines.
Ensure audit trails and documentation are kept to demonstrate your organization's compliance during regulatory audits.
Step 6: Validate & Activate Integration
Run a test simulation for various operational disruptions to validate your resilience setup.
Review the incident response and business continuity plans to ensure alignment with DORA.
Enable continuous monitoring and automated compliance checks to ensure that your organization remains resilient to operational threats.
Step 7: Periodic Resilience Audits
Perform regular audits of your critical systems and third-party risk management processes to ensure ongoing compliance with DORA.
Review incident management processes and update them based on lessons learned from past disruptions or attacks.
Track any resilience gaps and immediately address them to maintain compliance and operational continuity.
Conclusion: Achieving DORA Compliance with LockthreatIntegrating Lockthreat with DORA provides a comprehensive approach to ensuring your organization meets the operational resilience and cybersecurity requirements set forth by the Digital Operational Resilience Act. By continuously monitoring risks, detecting incidents, and ensuring third-party compliance, Lockthreat helps financial institutions stay resilient, compliant, and ready to respond to disruptions in a regulatory-compliant manner.
