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RiskManagement. To meet the DORA’s standards, firms must update their technology riskmanagement governance. The updated framework requires firms to identify important business functions and dependent risks and map the TSP assets that run them. Supply Chain Management and Third-Party Risk.
Start with a risk assessment to determine how or if the DORA will affect your business as a covered financial entity or TSP . Leverage a gapanalysis to understand where your organization can strengthen current processes or add new ones to meet the range of proposed requirements for your ICT riskmanagement framework. .
Business Department: Specialized functional area within a business unit, such as treasury, tax, accounting, information security, riskmanagement , etc. Defining the Key Elements in the BIA Process What is a Business Impact Analysis? representing multiple business functions. What is a Business Department?
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