EU’s Digital Operational Resilience Act: Your Guide to ICT Risk Management

The EU's Digital Operational Resilience Act (DORA), due to be enforced in 2023/24, introduces EU-wide laws to ensure the operational resilience of the financial services industry. The proposal builds on current ICT risk management requirements and combines preexisting EU initiatives into a single regulation. This means along with other actions; organisations’ ICT risk management frameworks must be periodically evaluated to identify any deficiencies or gaps. ...

2023 GRC Trends and Predictions

In 2023, organizations worldwide will face increased external pressures on multiple fronts. These outside pressures will vary from new ESG requirements and an uncertain business climate to increased costs, supply chain volatility and regulatory change and perhaps, as recent years have shown us, the completely unexpected. SAI360’s 2023 Trends and Predictions for GRC include: 1. Increased focus on ESG Environmental, Social, Governance (ESG) is top ...

Sapin II – Leveraging technology to future proof your anti-corruption program

In December 2016, the French government published the Sapin II law to align domestic anti-corruption standards more closely to well-known legal frameworks in other countries. With the International Monetary Fund (IMF) estimating that the yearly cost of bribery alone is between $1.5 – $2 trillion, the Agence Française Anticorruption (AFA) will be looking for firms whose compliance programs fall short. The impact for those publicly ...

Watch SAI360’s Webinar on IT Risk Management: The Blueprint for an Effective, Efficient & Agile IT Risk Management Program

Risk and compliance professionals are under enormous pressure when it comes to IT risk management, to guide and manage digital transformation while navigating a dramatically changing ecosystem and economy. Organizations are dealing with rapid technology adoption, distributed ways of working in the post-Covid world, new vulnerabilities, constantly shifting regulations, legacy technology and the need to protect patient, employee and partner privacy. Compliance, audit management, and ...

By |2022-12-09T09:43:29+00:00December 9th, 2022|Business Resilience, Governance, Risk & Compliance: GRC|

Digital Operational Resilience Act – What the Finance and ICT sector need to know

The EU’s Digital Operational Resilience Act (DORA) was first proposed in 2020 seeking to harmonise ICT risk management practices across the EU’s financial sector by prescribing a unified approach to internal and third-party ICT risk management. With the implementation deadline fast approaching, there is work to be done, and in-scope institutions must ensure they have the necessary frameworks in place to adhere to the new ...