How we ensure DORA Compliance

The Digital Operational Resilience Act (DORA) is a European regulation aimed at ensuring the financial sector can withstand, respond to, and recover from ICT-related disruptions and threats. At Sweet Systems, we are dedicated to maintaining high standards of operational resilience and regulatory compliance. Here’s an overview of how we approach DORA compliance:

Understanding DORA

DORA harmonizes and strengthens ICT risk management in the financial sector. The regulation mandates that companies establish robust ICT risk management frameworks, conduct regular digital resilience tests, manage third-party risks effectively, and implement comprehensive incident reporting and response strategies.

Key principles for DORA Compliance

  • Risk Assessment
    Identifying and managing potential risks is essential to maintaining operational resilience. This includes analyzing threats and vulnerabilities and creating action plans to mitigate them.
  • Incident Management
    Effective incident management ensures a quick, accurate response to ICT-related incidents. This involves staff training and implementing clear procedures for incident identification and reporting.
  • Testing and Auditing
    Regular testing and auditing verify that our systems and processes are robust and able to withstand disruptions. This involves both internal controls and external audits.
  • Third-Party Risk Management
    Managing risks associated with third-party vendors is a key aspect of our strategy. We regularly assess vendor risk levels and ensure they meet our high standards.
  • Governance and Accountability
    Strong governance and clear responsibilities are critical to maintaining compliance. Each role within the organization has specific duties to ensure regulatory requirements are met.
  • Training and Continuous Improvement
    Training programs ensure our staff has the knowledge necessary to understand and comply with DORA. We also pursue continuous improvement through regular reviews and audits.

Contact Us

For more information about how Sweet Systems ensures compliance with DORA and other regulations, feel free to reach out. We are happy to share our strategies and processes for maintaining the highest standards of security and operational resilience.

Sweet Systems AB | Drottninggatan 97, 113 60 Stockholm | Telefon +46 (0)8 23 08 30 | sweetsystems.se