Original Post: Digital Operational Resilience Act (DORA): Compliance from a Software…
The Digital Operational Resilience Act (DORA) is set to come into effect on January 17, 2025, aiming to establish security standards for companies in the financial sector and their third-party service providers. Unlike directives, regulations like DORA automatically apply without further legislative action. DORA focuses on existing best practices for digital resilience but enforces mandatory compliance.
DORA’s framework is structured around five pillars:
- Risk Management: Mandates entities to manage Information and Communications Technology (ICT) risks with internal governance and control frameworks.
- Third-Party Risk Management: Ensures firms properly manage risks from third-party service providers with robust contractual relationships.
- Incident Reporting: Requires quick and effective reporting of significant operational or cyber incidents.
- Information Sharing: Encourages sharing cyber threat intelligence among organizations to enhance overall digital resilience.
- Digital Operational Resilience Testing: Advocates for regular testing to maintain operational resilience in organizations.
Compliance and Software Security:
Veracode, a software security provider, helps organizations comply with DORA using its expertise in various security testing methods, such as Static Analysis (SAST), Dynamic Analysis (DAST), Penetration Testing (PTaaS), and Software Composition Analysis (SCA). Veracode’s platform supports comprehensive risk management by providing detailed analytics, vulnerability intelligence, and threat research to assist in the information-sharing pillar of DORA.
AI in Compliance:
Veracode emphasizes that testing alone is insufficient for reducing risks. Effective risk management requires addressing the findings from tests, and AI-assisted remediation can streamline this process. Their whitepaper, "A Smarter Way to Secure Apps: The Power of Veracode Fix," delves into AI-assisted remediation techniques.
Go here to read the Original Post