Lydian Webinar: "Digital Operational Resilience Act (DORA)"

Today’s webinar was "Digital Operational Resilience Act (DORA)”, given by Bastiaan Bruyndonckx, CIPP/E, in which all participants received clear answers to the following questions:

• What is the scope of application of DORA? Does it only apply to financial entities? Does it apply to all financial entities?
• What are the obligations of financial entities under DORA? What do they have to put in place in terms of ICT risk management or ICT-related incident management for instance?
• What are the responsibilities of the management under DORA?
• What are critical ICT Third Party Service Providers? What kind of oversight framework will be put into place to assess their compliance?

DORA sets uniform requirements for the security of network and information systems of companies and organisations operating in the financial sector as well as critical third parties which provide ICT-related services to them, such as cloud platforms or data analytics services. DORA creates a regulatory framework on digital operational resilience whereby all firms need to make sure they can withstand, respond to, and recover from all types of ICT-related disruptions and threats. These requirements are homogenous across all EU member states. The core aim is to prevent and mitigate cyber threats.

This webinar provided valuable insights and practical tips on how financial entities can prepare for and comply with the new regulatory framework.

Many thanks to all participants!

 
Please feel free to contact our speaker with any specific questions you may have.