Why Vetrexa is Convinced by Access Governance Software – A Look at NEXIS 4

The Digital Operational Resilience Act (DORA) sets new, comprehensive requirements for operational resilience in the financial sector. The aim is to make companies more resistant to cyber threats and ensure the continuity of their services. For financial institutions, DORA is particularly relevant in the area of Identity & Access Management (IAM) to ensure both security and regulatory compliance.

Requirements of DORA:
Strengthening operational resilience: DORA requires financial institutions to have robust security mechanisms and resilient systems to continue operations in the event of cyberattacks.

Comprehensive risk management: Comprehensive risk assessment and mitigation measures must be in place, including monitoring of third-party vendors.

Regular testing and audits: Financial organizations must conduct regular tests and scenarios to ensure the effectiveness of their security and resilience measures.

Strict governance and reporting: A clear governance structure and regular reporting to regulators are required to ensure that all security requirements are met.

DORA checklist for IAM
This checklist will help you to efficiently implement the DORA requirements in the area of IAM:

• Establish Zero Trust Model: Ensure that only authorized persons have access to critical systems and data.
• Multi-factor authentication (MFA): Implement MFA to increase security when accessing sensitive systems.
• Implement risk management processes: Perform risk assessments and define risk mitigation measures.
  Monitor third-party vendors: Regularly review the security measures and resilience of your third-party providers.
• Regular tests and simulations: Run threat simulations and tests to prepare your systems for potential cyberattacks.
• Set up compliance reporting: Develop clear processes for documentation and reporting to regulators.
• Training for employees: Provide regular training and awareness programs to increase security awareness.

With these measures, Vetrexa ensures that your IAM infrastructure is DORA-compliant while meeting the highest security standards. Rely on Vetrexa to increase your operational resilience and lead your company into the future.