Simplify DORA compliance with Climb’s checklist
Achieving compliance with the Digital Operational Resilience Act (DORA) requires a clear and structured approach. At Climb Channel Solutions, we are committed to helping our partners and their customers navigate this upcoming regulation.
That’s why we’ve developed a comprehensive DORA checklist, aligned with the five core pillars of DORA. We encourage you to use this checklist as a practical tool to evaluate your customers’ current compliance standing and identify areas where they may require additional support to meet DORA’s requirements.
The five pillars of DORA compliance
DORA’s framework is structured around five essential pillars, each addressing a critical area of operational resilience:
- ICT Risk Management: Financial institutions must have robust processes in place to manage and mitigate ICT risks. This includes ensuring that all ICT assets are fully inventoried, vulnerabilities are assessed, and risk management practices are up to date.
- ICT Incident Reporting: The ability to promptly and accurately report ICT incidents is crucial. This pillar emphasises the importance of having clear protocols for incident detection, reporting, and resolution to minimise operational impact.
- Operational Resilience Testing: Regular testing of operational resilience is key to ensuring that financial institutions can withstand and recover from disruptions. This pillar covers stress testing, scenario analysis, and other methods to validate resilience.
- Third-Party Risk Management: Given the reliance on third-party service providers, this pillar focuses on managing and mitigating risks that arise from external partners. It ensures that third-party services meet the same resilience standards as the institutions they support.
- Information Sharing: Effective and secure information sharing is crucial for maintaining operational resilience. This pillar ensures that information flows efficiently and securely between institutions, third parties, and regulators.
How Climb’s DORA checklist drives your compliance success:
Identifying technology gaps: Our checklist helps you evaluate your customers’ existing technology frameworks, identifying potential gaps that could hinder compliance with the DORA pillars.
Tailoring solutions to your needs: Climb works with you to determine which pillars your customers need the most support with. Our extensive vendor portfolio offers a wide range of solutions designed to meet the diverse requirements of your customers, whether they need ICT risk management tools or advanced third-party risk management systems. Our checklist helps identify the right solutions to fill any gaps and ensure comprehensive DORA compliance.
Facilitating informed decision-making: By providing a clear assessment of your customers’ compliance status, our checklist empowers you – and them – to make informed decisions on where to allocate resources and which solutions to prioritise, optimising both time and investment.
Download the Climb DORA checklist
At Climb, we are dedicated to empowering our partners with the tools and expertise needed to achieve DORA compliance and enhance operational resilience across the financial sector.
By using our DORA checklist, you can start identifying key areas where your customers need assistance and leverage our wide range of solutions to address these challenges.
Take the first step towards achieving DORA compliance by downloading the Climb DORA checklist below!
