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Within this timescale, firms “must have performed mapping and testing so that they are able to remain within impact tolerances for each important businessservice. In a nutshell, the PRA sums this up in one sentence: firms need to take action, so they are able to provide their important businessservices within their impact tolerances.
Increasingly, financial services supervisory authorities are seeking to ensure that the third parties that are supporting a firm’s important businessservices meet all resilience requirements.
It also expands the scope of a regulator’s reach to those critical technology and data service providers that compose the digital footprint by which the important businessservices stand. Start with a risk assessment to determine how or if the DORA will affect your business as a covered financial entity or TSP .
Asset management (ID.AM): Your enterprise has identified the data, personnel, devices, systems, and facilities essential to its critical businessservices. Conduct a GapAnalysis Compare your current cybersecurity practices against the NIST requirements. Your enterprise manages its assets according to their priority.
Asset management (ID.AM): Your enterprise has identified the data, personnel, devices, systems, and facilities essential to its critical businessservices. Conduct a GapAnalysis Compare your current cybersecurity practices against the NIST requirements. Your enterprise manages its assets according to their priority.
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