NetApp and the Digital Operational Resilience Act (DORA)

Understanding DORA

DORA establishes a robust regulatory framework for digital operational resilience. It mandates financial entities to implement measures to ensure the integrity, availability, confidentiality, and security of their ICT systems and data. Key areas of focus include risk management, incident reporting, testing, and third-party risk management. Compliance with DORA is not merely a regulatory obligation but a crucial step towards safeguarding the financial ecosystem.

1. Data Management and Protection

NetApp’s industry-leading data management solutions ensure that financial institutions can effectively manage and protect their data. With NetApp’s ONTAP® data management software, organizations can achieve high levels of data availability, integrity, and confidentiality. ONTAP® provides advanced data protection features, including encryption, backup, and disaster recovery, ensuring that financial entities meet DORA’s stringent requirements for data security and resilience.

2. Advanced Risk Management

NetApp offers robust risk management solutions that align with DORA’s directives. By leveraging NetApp’s cloud analytics and monitoring tools, financial institutions can continuously monitor their IT environments for potential threats and vulnerabilities. NetApp Cloud Insights, for example, provides real-time visibility into performance and security metrics, enabling proactive risk management and swift incident response.

3. Compliance and Reporting

Meeting DORA’s reporting requirements is simplified with NetApp’s comprehensive compliance solutions. NetApp provides tools that automate compliance reporting, making it easier for organizations to document and demonstrate adherence to DORA’s regulations. NetApp Cloud Compliance offers automated data discovery, classification, and monitoring, ensuring that all relevant data is accounted for and that compliance reports are accurate and up-to-date.

4. Resilience Through Testing and Simulation

Regular testing and simulation of ICT systems are critical components of DORA. NetApp’s solutions support rigorous testing protocols, including backup and disaster recovery simulations. By using NetApp’s SnapMirror® technology, financial institutions can replicate data across different environments, ensuring that they can quickly recover from disruptions and maintain operational continuity.

5. Third-Party Risk Management

DORA requires financial entities to manage risks associated with third-party ICT service providers. NetApp’s solutions facilitate comprehensive third-party risk management by offering secure and reliable data sharing and collaboration tools. NetApp’s partnerships with leading cloud providers also ensure that financial institutions can leverage third-party services without compromising on security or compliance.

Visit NetApp’s DORA Resource Center or download the comprehensive NetApp DORA eBook to learn more about how NetApp can support your compliance efforts.