What is the Digital Operational Resilience ACT (DORA)?
The Digital Operational Resilience Act (DORA) is an EU regulation designed to strengthen the digital resilience of financial institutions against cyber threats and ICT disruptions. It mandates that financial entities implement robust ICT risk management frameworks, report significant incidents, manage third-party risks, and regularly test their systems for resilience. DORA also enforces strong governance and grants regulators enhanced oversight to ensure compliance. Its aim is to create a secure, harmonized regulatory environment for the EU financial sector and its ICT providers.
How can DynConD’s Client-side Global Server Load Balancer help with DORA?
The client-side Global Server Load Balancer (GSLB) from DynConD can help organizations comply with the Digital Operational Resilience Act (DORA) by enhancing the resilience, security, and performance of their digital infrastructure. Here’s how it supports DORA’s key objectives:
1. Improved ICT Resilience and Uptime
2. Incident Response and Mitigation
3. Third-Party Risk Management
Third-Party Provider Redundancy: For financial institutions reliant on third-party ICT providers (such as cloud services), GSLB offers a way to manage risks by balancing traffic across multiple third-party providers. This ensures that if one provider experiences a failure, services can continue through other providers, addressing DORA’s focus on third-party risk management.
4. Operational Resilience Testing
Simulated Failover Scenarios: DynConD’s GSLB can be used to simulate failover and disaster recovery scenarios, allowing financial institutions to regularly test their operational resilience. This helps meet DORA’s requirements for ongoing system testing and resilience validation.
5. Enhanced Security Measures
Protection Against DDoS Attacks: By distributing traffic across multiple servers, DynConD’s GSLB can mitigate Distributed Denial of Service (DDoS) attacks, making it harder for attackers to overwhelm any single server. This is essential for protecting critical financial infrastructure and maintaining operational continuity in line with DORA’s cybersecurity provisions.
Just like with the NIS2 Directive, the EU has shown that it’s taking matters of cyber security and all types of IT disruptions with the Digital Operational Resilience Act extremely seriously. It’s now up to companies to implement advanced cyber security and high availability solutions to ensure further flawless and uninterrupted business.