DORA Compliance for Financial Institutions: A Practical Guide

What you will learn:

Master the key provisions of the Digital Operational Resilience Act (DORA)
Develop a comprehensive ICT risk management strategy aligned with DORA
Implement effective incident reporting and response mechanisms
Conduct rigorous operational resilience testing, including penetration testing
Integrate DORA requirements with existing frameworks like GDPR and NIS2
Manage third-party risk effectively under the DORA framework
Build a robust DORA compliance roadmap for your financial institution
Enhance your organization's overall cybersecurity posture
Improve operational resilience to minimize disruptions and maintain business continuity
Become a DORA expert and a valuable asset in your organization

Description

In today's volatile financial environment, ensuring operational resilience is paramount. The European Union's Digital Operational Resilience Act (DORA) mandates new standards for financial institutions and their third-party vendors to withstand disruptions and cybersecurity threats. This comprehensive course provides a practical, step-by-step approach to achieving DORA compliance.

Learn to effectively identify, assess, and mitigate ICT risks within your financial operations. We'll cover essential topics such as establishing robust reporting frameworks, implementing effective incident management protocols, and conducting rigorous resilience testing, including penetration testing and red teaming exercises. You'll discover best practices for seamlessly integrating DORA compliance with existing frameworks like GDPR and NIS2, streamlining your regulatory efforts.

Designed for financial professionals, compliance officers, IT managers, and risk managers, this course offers valuable insights from real-world case studies and expert guidance. Gain the confidence to build resilient systems and processes, strengthen your organization's risk management, and safeguard your financial operations from future threats. You will leave this course with a clear understanding of how to build and maintain a DORA-compliant framework.

This course is your key to mastering DORA and building a more secure and resilient financial future. Enroll today and transform your organization's operational resilience posture.

Curriculum

Introduction to DORA and Operational Resilience

This introductory section lays the groundwork for understanding DORA and its implications. The "Introduction" lecture provides a general overview of the act, while "Our Use Case - FinGuard Financial Services" offers a practical example to illustrate key concepts and challenges within a real-world financial institution. This provides a strong foundation for the rest of the course.

Understanding DORA's Core Provisions

This section delves into the core requirements of DORA. Lectures cover the "Key Provisions of DORA" providing a comprehensive overview. "ICT Risk Management Requirements" focuses on identifying and addressing technology-related risks. "Incident Reporting Obligations" explains the reporting procedures and protocols. Finally, "Digital Operational Resilience Testing" introduces the methods used to assess and enhance the resilience of ICT systems.

DORA's Impact on Third-Party Relationships

This section examines DORA's implications for third-party providers. It explores "DORA’s Impact on Third-Party Providers," emphasizing the shared responsibilities and due diligence. "Third-Party Risk Management" details best practices for managing risks associated with third-party relationships. "Oversight of Critical ICT Providers" delves into the regulatory oversight of crucial service providers. Finally, "Guidance on Contracts with Service Providers" outlines the key provisions for contracts.

Building a DORA Compliance Framework

This section guides you through the process of creating a robust DORA compliance program. The lectures cover "Compliance Strategies for Financial Institutions", providing a strategic overview. "Building a DORA Compliance Roadmap" outlines a structured approach. "Integrating DORA into Existing Risk Frameworks" explains how to seamlessly incorporate DORA with other relevant frameworks. Finally, "Monitoring, Reporting, and Governance" explores ongoing monitoring and reporting activities.

Practical Application of Resilience Testing

This section provides practical guidance on conducting digital operational resilience tests. "Digital Operational Resilience Testing in Practice" offers a general overview of practical applications. "Types of Operational Resilience Tests" explores various testing methodologies. "Developing a Testing Framework" guides you through the creation of a structured framework. "Continuous Improvement and Risk Mitigation" emphasizes the iterative nature of risk management and testing.

Real-World Examples and Best Practices

This section draws on real-world examples to highlight successful DORA implementation strategies. "Case Studies and Best Practices" provides a general overview. "Case Studies from Financial Institutions" showcases successful implementation from various financial institutions. "Best Practices for Successful DORA Implementation" summarizes key takeaways and best practices for your success.

Conclusion and Next Steps

The concluding section summarizes the key concepts and provides guidance on next steps for implementing and maintaining DORA compliance. The "Conclusion" lecture ties together all the key learnings and highlights the importance of ongoing efforts in building resilience.

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