Whitepaper

DORA Cybersecurity Strategy for application security, ASPM and digital resiliency

Do you need to comply with DORA? How do ASPM, Application security, and cyber security resilience enter the picture?

Phoenix Security latest whitepaper shine a light on those questions 

Is your business operating in Financial Services with clients in Europe? then you need to consider the DORA implementation with a deadline 2023 and implementation by 2024

In this whitepaper, we explore the details of the new EU DORA Regulation for business resiliency in Europe, how it impacts vulnerability management programs application security, and accelerates compliance leveraging ASPM and Phoenix Security Cyber asset resiliency. 

What is DORA and how long do you have to implement

The Digital Operational Resilience Act (DORA) is a pivotal regulation introduced by the European Union, aimed at fortifying the resilience of the financial sector against digital threats. DORA has been published 16 January 2023 and needs to be implemented by 2025.

DORA’s primary goal is to establish a uniform framework for financial entities to effectively manage digital operational risks, ensuring operational continuity and protecting the EU’s financial ecosystem.

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DORA Cybersecurity resilience pillars ASPM application security cybersecurity digital resilience What is the Dora regulation 2023? What are the 5 pillars of Dora regulation? What is the Dora regulation in the UK? What is the Dora regulation in a nutshell?

What is DORA and how long do you have to implement

The journey towards full Digital Operational Resilience Act (DORA) compliance is marked by critical milestones, especially as we approach the pivotal year of 2024. Financial institutions across the EU are gearing up for a series of implementation phases that will define their operational strategies and risk management frameworks in adherence to DORA’s stringent standards.

Key dates for dora: 

  • January 17, 2023: DORA enters into force.
  • January 17, 2024: RTS articles such as Article 15, Article 16, and Article 8 come into force.
  • July 17, 2024: Additional RTS articles including Article 20, Article 26.16.11, and Article 30.16.5 become effective.
  • January 17, 2025: DORA becomes fully effective and enforceable.

How does DORA impact your application security and vulnerability management program?

DORA Cybersecurity resilience pillars aspm application security cybersecurity digital resilience What is the Dora regulation 2023? What are the 5 pillars of Dora regulation? What is the Dora regulation in the UK? What is the Dora regulation in a nutshell?

What are the key pillars for DORA?

DORA is anchored on five fundamental pillars:

    1. ICT Risk Management: Building comprehensive strategies to manage and mitigate digital risks.
    2. ICT-Related Incident Reporting: Obligatory reporting of digital incidents to the pertinent authorities.
    3. Digital Operational Resilience Testing: Conducting regular simulations and tests to prepare for various digital disruptions.
    4. ICT Third-Party Risk Management: Addressing risks associated with third-party digital service providers.
    5. Information Sharing: Facilitating secure exchange of information about digital threats and incidents.

How does NIS2 impact your application security and vulnerability management program?

Phoenix Security’s Role in Aligning with DORA

Phoenix Security offers specialized solutions in Application Security, ASPM (Application Security Posture Management), and Cyber Asset Management to aid financial institutions in adhering to DORA regulations. Our services are designed to enhance digital operational resilience, focusing on managing digital supply chain assets and effective surface management.

  1. Application Security and ASPM: Phoenix aids in managing and securing applications, crucial for ICT Risk Management under DORA. Our ASPM solutions help in identifying vulnerabilities and ensuring robust security in the digital supply chain.

  2. Cyber Asset Management: We provide comprehensive cyber asset management services, crucial for maintaining an inventory of digital assets and managing the risks associated with each, aligning with DORA’s ICT Third-Party Risk Management requirements.

  3. Surface Management: Phoenix’s surface management capabilities support the proactive identification and management of digital risks, contributing to the pillars of Digital Operational Resilience Testing and ICT-Related Incident Reporting.

By leveraging Phoenix Security’s expertise in these key areas, financial institutions can not only comply with DORA regulations but also enhance their overall digital operational resilience. Our suite of services ensures that entities are well-equipped to manage and respond to the dynamic challenges of the digital financial landscape.

Explore Further with Our DORA Whitepaper

For a comprehensive understanding of DORA regulations and how Phoenix Security’s specialized services align with these requirements, download our detailed whitepaper. This resource offers in-depth insights into each pillar of DORA and our tailored solutions that address the evolving needs of digital operational resilience.

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Download the latest whitepaper on DORA Impact in UK and Europe Financial Services

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Jeevan Singh

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Jeevan Singh is the Director of Security Engineering at Rippling, with a background spanning various Engineering and Security leadership roles over the course of his career. He’s dedicated to the integration of security practices into software development, working to create a security-aware culture within organizations and imparting security best practices to the team.
In his role, Jeevan handles a range of tasks, from architecting security solutions to collaborating with Engineering Leadership to address security vulnerabilities at scale and embed security into the fabric of the organization.

James Berthoty

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James Berthoty has over ten years of experience across product and security domains. He founded Latio Tech to help companies find the right security tools for their needs without vendor bias.

Christophe Parisel

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Chris Romeo

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Chris Romeo is a leading voice and thinker in application security, threat modeling, and security champions and the CEO of Devici and General Partner at Kerr Ventures. Chris hosts the award-winning “Application Security Podcast,” “The Security Table,” and “The Threat Modeling Podcast” and is a highly rated industry speaker and trainer, featured at the RSA Conference, the AppSec Village @ DefCon, OWASP Global AppSec, ISC2 Security Congress, InfoSec World and All Day DevOps. Chris founded Security Journey, a security education company, leading to an exit in 2022. Chris was the Chief Security Advocate at Cisco, spreading security knowledge through education and champion programs. Chris has twenty-six years of security experience, holding positions across the gamut, including application security, security engineering, incident response, and various Executive roles. Chris holds the CISSP and CSSLP certifications.

Jim Manico

Founder of Manicode Security

Jim Manico is the founder of Manicode Security, where he trains software developers on secure coding and security engineering. Jim is also the founder of Brakeman Security, Inc. and an investor/advisor for Signal Sciences. He is the author of Iron-Clad Java: Building Secure Web Applications (McGraw-Hill), a frequent speaker on secure software practices, and a member of the JavaOne Rockstar speaker community. Jim is also a volunteer for and former board member of the OWASP foundation.

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