DORA, the Digital Operational Resilience Act, is an EU regulation aimed at ensuring financial entities can withstand and recover from all types of Information and Communication Technology (ICT)-related disruptions and threats. ICT encompasses technologies used for infrastructure, data management, and network operations.
DORA is required to be implemented by financial entities in the EU starting from January 17, 2025.
The EU requires DORA to be implemented by mandating that financial institutions establish robust governance frameworks for ICT risk management, conduct regular testing, and ensure third-party providers comply with stringent security standards.
OpenSecOps SOAR is precisely such a stringent framework.
What is OpenSecOps SOAR?
OpenSecOps SOAR is a security orchestration, automation, and response tool that automates the handling and remediation of security incidents and controls, reducing manual intervention and improving response times. Built on top of AWS Security Hub, it leverages a comprehensive set of security controls to provide a robust foundation for DORA compliance.
DORA Compliance with OpenSecOps SOAR
Navigating the Digital Operational Resilience Act (DORA) can be complex, but OpenSecOps SOAR simplifies the journey.
OpenSecOps SOAR is designed to help financial institutions meet the stringent requirements of DORA by providing an integrated, automated, and cost-effective solution for managing ICT risks. Here's how:
Comprehensive Risk Management OpenSecOps SOAR automates incident handling and remediation, ensuring swift responses to ICT disruptions. With AI-based analyses, our system provides actionable insights into potential risks and recommends proactive measures – aligning perfectly with DORA's risk management requirements.
Automated Incident Handling: OpenSecOps SOAR leverages advanced algorithms and machine learning to detect and respond to security incidents swiftly and efficiently. This includes actions like snapshotting and terminating compromised instances, which would otherwise require manual intervention.
AI-Based Analysis: Receive weekly reports detailing potential risks and recommended actions, supporting DORA's requirement for ongoing risk assessment.
Efficient ICT Incident Reporting Centralised monitoring through AWS Security Hub allows OpenSecOps SOAR to capture and report all incidents uniformly, ensuring compliance with DORA's incident reporting mandates.
Centralised Monitoring: OpenSecOps SOAR integrates with AWS Security Hub to provide comprehensive coverage of security controls across your AWS environment, aligning with DORA's requirements for holistic ICT risk management.
Ticketing System Integrations: Seamlessly integrate with Jira Cloud, ServiceNow, and Microsoft Sentinel for efficient incident tracking and management.
Continuous Digital Operational Resilience Testing Our continuous monitoring capabilities ensure ongoing compliance with resilience standards by automatically remediating security controls. This keeps your systems up-to-date and secure while supporting resilience testing protocols.
Continuous Monitoring & Automated Remediation: Maintain resilience standards effortlessly, supporting DORA's requirement for ongoing assessment of the ICT risk management framework.
Snapshotting & Termination of Compromised Instances: Immediate action on compromised resources supports resilience testing protocols and aligns with DORA's emphasis on rapid incident response.
Robust Third-Party Risk Management OpenSecOps SOAR leverages AWS's built-in security layers such as GuardDuty and IAM Access Analyzer to identify third-party risks within the AWS environment. This supports DORA's requirements for managing ICT third-party risk.
Leveraging AWS Security Services: Identify and mitigate third-party risks seamlessly, supporting DORA's emphasis on third-party risk management.
Detailed Information Sharing Arrangements OpenSecOps SOAR provides comprehensive reporting that helps your team understand best practices while offering detailed insights into your security posture – essential for internal education but also relevant for sharing cyber threat information as required under DORA.
Comprehensive Reporting & Notifications: Educate teams on best practices with detailed insights into security posture, supporting DORA's requirements for documentation and reporting on the ICT risk management framework.
Why Choose OpenSecOps SOAR for DORA Compliance?
Cost Efficiency & Simplicity Our serverless architecture reduces operational costs dramatically compared to traditional solutions requiring extensive infrastructure. This aligns with DORA's emphasis on efficient resource allocation for ICT risk management.
Proactive Risk Management AI-driven analyses not only identify issues but also educate developers on best practices – fostering a culture of continuous improvement in operational resilience, a key aspect of DORA compliance.
Real-Time Incident Response Real-time response capabilities including automated snapshotting and termination of compromised instances ensure operational continuity under DORA guidelines, supporting the act's emphasis on swift incident handling.
Seamless Integration Integration with existing ticketing systems like Jira Cloud or ServiceNow facilitates efficient incident tracking and resolution – a key component for adhering to regulatory reporting requirements under DORA.
Comprehensive Security Controls Built on top of AWS Security Hub, OpenSecOps SOAR leverages a wide range of security controls that collectively address many of DORA's requirements, from encryption and access control to logging and monitoring.
Automated Compliance Checking OpenSecOps SOAR continuously monitors Security Hub controls, automatically detecting and reporting on any non-compliant resources or configurations, supporting DORA's requirement for ongoing risk assessment.
Ready to Simplify Your Path to DORA Compliance?
OpenSecOps SOAR can help your organisation achieve compliance with the Digital Operational Resilience Act while enhancing your overall security posture at a fraction of the cost of traditional solutions. Our solution is designed to grow with your needs, making it suitable for both startups and large enterprises in the financial sector.
OpenSecOps Foundation provides an industry-standard secure system set up according to AWS cloud best practices. OpenSecOps Foundation is a turn-key solution, the components of which usually take years to develop from scratch. It's equally suitable for startups as for enterprises with existing systems.
OpenSecOps SOAR takes your security work to the next level by providing continuous monitoring, automated incident handling and remediation of security issues. OpenSecOps SOAR actively maintains your desired security posture and saves substantial costs.
