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Is Your Organization Ready for the New DORA Cybersecurity Framework?
- The Digital Operational Resilience Act (DORA) entered into force on Jan 16, 2023, and will apply from Jan 17, 2025.
- DORA is designed to enhance financial entities’ cybersecurity and operational resilience.
- This regulation seeks to protect various financial entities from operational risks stemming from ICT vulnerabilities and third-party dependencies.
- DORA aims to harmonise and strengthen the IT security of various financial institutions like banks, insurance companies, payment service providers, investment firms, and suppliers, such as third-party service providers.
- DORA seeks to fortify financial institutions’ cybersecurity infrastructure by setting stringent standards for identifying, managing, and reporting cyber threats and ICT-related incidents.
- The potential financial penalties are significant, with fines reaching up to 2% of total annual global revenue for firms.
- SolarWinds offers a suite of products to help organizations prepare for DORA compliance in critical areas such as risk management, incident management, reporting obligations, access management, and vulnerability management requirements.
- SolarWinds Security Observability dashboards and SolarWinds Security Event Manager provide real-time visibility into an organization’s cyber resilience status, helping teams focus on critical issues without drowning in telemetry data.
- SolarWinds Access Rights Manager enables quick identification of who has access to what in the environment and when they accessed it.
- SolarWinds Patch Manager can automate patching for Microsoft servers, workstations, and third-party applications, keeping your systems up-to-date and secure.
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