DIGITAL OPERATIONAL RESILIENCE ACT
How Panaseer helps with DORA
The Digital Operational Resilience Act (DORA), is due to be enforced from January 2025. Find out how it may impact you and how Panaseer can prepare you for compliance.
The Digital Operational Resilience Act is coming
DORA is due to come into effect in January 2025. It impacts all financial institutions with presence in any EU country, and potentially third-party suppliers to those institutions. The Digital Operational Resilience Act consists of 64 articles in its main document, and further Regulatory Technical Standards (RTS).
How we help
Article 5
Governance
Our Cybersecurity Controls Scorecard gives simple views on what is within and outside of risk appetite and tolerance, with clarity on which areas of non-compliance should be prioritized for greatest impact.
Article 6
Risk management framework
We codify your policies, measuring your controls performance against appetite and tolerance, working on data that can be accessed and used by all three lines and is fully auditable.
Article 8
Identification
Our platform ensures your assets are visible, and controls perform as expected. We deliver insight into classification and identification even when data from security and IT tools is incomplete, inaccurate, or conflicting.
Article 9
Protection and prevention
We implement your tool policies through control checks, measuring compliance against your tolerance and appetite. Panaseer identifies assets involved in critical functions, allowing separate thresholds for such assets.
Article 10
Detection
Panaseer alerts you to control failures - which are ICT anomalies - that reach your risk thresholds. You can detect a potential incident sooner using configurable rules to highlight the most critical risks.
Article 11
Response and recovery
We give context on every asset, even when systems of record are incomplete or outdated. By holding historic control status data on every asset, we help you understand whether the appropriate controls were in place on affected assets.
Automate away the pain of manual reporting to regulators
Customers use Panaseer for a fast, continuous, and quantitative route to meeting their compliance requirements, improving credibility and assurance. All while the burden of audit is reduced, increasing IT and Security operations team productivity by 40%.
