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Is Your Organization Ready for DORA? Here's How D4H Can Help
The deadline for financial entities in the EU to comply with the Digital Operational Resilience Act (DORA) is January 17, 2025. This regulation mandates a robust approach to ICT risk management, incident reporting, and operational resilience. With quick and easy setup, here's how D4H provides tools and features needed to meet DORA's incident management requirements and strengthen your organization's digital resilience.
How D4H Facilitates Compliance with DORA
DORA applies to a wide range of financial entities, including banks, investment firms, insurance companies, and crypto-asset service providers. The regulation focuses on ensuring these organizations can withstand ICT disruptions and maintain operational continuity, with key aspects including implementing comprehensive incident management and reporting mechanisms and enhancing information-sharing practices.
D4H's crisis management software provides powerful tools for risk management, incident response, and operational resilience that align closely with DORA’s incident management mandates. Designed for ease of use and customization, D4H can adapt to the specific needs of financial organizations while ensuring compliance with the regulation.
Incident Management and Reporting
DORA emphasizes timely and efficient reporting of ICT-related incidents. D4H enables organizations to:
- Incident Logging and Tracking: Efficiently log and track company-wide incidents and critical events within D4H, ensuring all incidents are documented with an automated audit trail.
- Historic Reporting: Store searchable incident reports and audit trail for investigation later.
- Communication and Collaboration: Use D4H to collaborate as an executive team, monitor ongoing incidents, assign tasks, and keep stakeholders informed.
Centralize Information Sharing
D4H’s platform facilitates the proactive monitoring of potential threats and enhances information-sharing:
- Real-time incident management: D4H enables you to easily create a common operating picture, communicate objectives, and collaborate on a resolution using digital forms, tasks, logs, maps, and status boards.
- Multiple Sharing Methods: D4H is designed to make communication and collaboration during incidents simple. Communicate within the platform or share information externally by generating PDFs, sharing by email, or creating 'secret' public links.
- Easy to use: D4H's number one priority is making things as uncomplicated as possible. That means the software is extremely intuitive and easy to use—no need for constant retraining or struggling with a complex interface.
Compliance with DORA: Building Digital Resilience
DORA is more than just a compliance requirement—it’s a framework for fostering resilience in an increasingly digital world. With its suite of tools tailored for incident management, incident reporting, and real-time collaboration, and operational resilience, D4H provides financial organizations with a comprehensive solution to meet DORA’s incident management requirements.
By leveraging D4H, your organization can not only achieve compliance but also enhance its ability to withstand ICT-related disruptions, safeguard operations, and maintain stakeholder trust.
DORA FAQs
- What is DORA? The Digital Operational Resilience Act is an EU regulation aimed at improving ICT risk management, incident response, and operational resilience in the financial sector.
- Who does DORA apply to? DORA applies to banks, insurance companies, payment service providers, investment firms, crypto-asset service providers, and other financial institutions, as well as critical third-party ICT service providers.
- What are DORA’s core requirements? DORA mandates robust ICT risk management frameworks, regular resilience testing, effective incident reporting, third-party risk management, and enhanced information sharing.
- How can D4H assist with DORA compliance? D4H's crisis management software offers tools for incident management, incident reporting, and real-time collaboration, and operational resilience.
- When does DORA take effect? Organizations must comply with DORA starting January 17, 2025.
Highlighted Features
Status Boards
Status Boards allow you to build customizable and colorful boards to visually track information for any possible scenario in real-time. Configure rules, workflows, and forms to suit your specific needs. Each Status Board operates like a dynamic spreadsheet, with a configurable form behind each row. Whether you need to monitor facilities, shelters, risks, road closures, resources, or damage assessments, Status Boards provide a flexible and powerful tool for incident management.
Online Incident Forms
Online Incident Forms uncomplicate how your organization captures, manages, and analyzes critical incident information. Replace cumbersome paper forms with intuitive digital templates that streamline data collection, enhance accuracy, and accelerate decision-making. Whether you need to document incident details, track resources, or collect any other critical information, Online Incident Forms provide a seamless and paperless solution. Easily accessible and editable, these forms ensure accurate data capture and streamline your incident management workflow.
Tasks & Checklists
Share by Email
The Share by Email functionality in D4H simplifies the process of keeping everyone informed during an incident. Securely share the most up-to-date information with stakeholders both inside and outside your organization. Whether it's status boards, an incident summary, forms, task boards, or the communication log, you can ensure that all relevant parties are kept informed by simply pressing the 'Share by Email' button.
Share by Public Link
Share by Public Link enables you to share real-time incident information with external stakeholders, partners, and the public, all without requiring them to have a D4H account. Generate secure, unlisted links that provide access to specific forms, task boards, the incident summary, or status boards, ensuring transparency, coordination, and collaboration.
PDF Exports
PDF Exports transform your digital incident data into professional, branded documents for easy sharing, printing, and archiving. Create comprehensive documentation of your emergency management with a few simple clicks, ensuring a clear and accessible record for all stakeholders. From Status Boards to Forms, any page within the platform can be downloaded as PDF file for hardcopy distribution.
Incident Audit Log
The Incident Audit Log automatically records every action, decision, and data point throughout your incident response. Maintain a comprehensive, tamper-proof record for analysis, reporting, and compliance purposes, ensuring transparency and accountability at every stage. This powerful tool captures all collected information, assigning each piece a source, timestamp, and version history. Once an incident is resolved, you can export all data, snapshots, and uploaded attachments as a chronological audit trail. This feature is essential for post-incident reviews, compliance, and transparent reporting, providing a detailed and verifiable record of every action and update during the incident.
Incident Chat Log
The incident communication log is your command center for collaboration and record-keeping during critical incidents. Capture every detail, share updates instantly, and maintain a chronological log of all activities, ensuring transparency, accountability, and informed decision-making. Enhance your situational awareness with the ability to tag, search, and filter the log. Amplify critical messages to notify incident staff, and ensure that all communications are tracked and auditable.
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All content provided on this blog is for informational purposes only. D4H makes no representations as to accuracy, completeness, currentness, suitability, or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use.
