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Operational Resilience Self-Assessment: Achieving the March 2022 Deadline

Castellan

Within this timescale, firms “must have performed mapping and testing so that they are able to remain within impact tolerances for each important business service. In a nutshell, the PRA sums this up in one sentence: firms need to take action, so they are able to provide their important business services within their impact tolerances.

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Preparation Continues for the Digital Operational Resilience Act

Fusion Risk Management

Increasingly, financial services supervisory authorities are seeking to ensure that the third parties that are supporting a firm’s important business services meet all resilience requirements.

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The Digital Operational Resilience Act is Finalized – Now is the Time to Act

Fusion Risk Management

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 business services stand. Start with a risk assessment to determine how or if the DORA will affect your business as a covered financial entity or TSP .

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Guide: Complete Guide to the NIST Cybersecurity Framework

Reciprocity

Asset management (ID.AM): Your enterprise has identified the data, personnel, devices, systems, and facilities essential to its critical business services. Conduct a Gap Analysis Compare your current cybersecurity practices against the NIST requirements. Your enterprise manages its assets according to their priority.

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Guide: Complete Guide to the NIST Cybersecurity Framework

Reciprocity

Asset management (ID.AM): Your enterprise has identified the data, personnel, devices, systems, and facilities essential to its critical business services. Conduct a Gap Analysis Compare your current cybersecurity practices against the NIST requirements. Your enterprise manages its assets according to their priority.