Navigating Compliance with NIS 2 and DORA Regulations

This document is a guide that outlines the compliance challenges posed by the NIS 2 Directive and the Digital Operational Resilience Act (DORA) for financial institutions. It details three primary challenges: incident reporting under DORA, ICT risk management for NIS 2, and third-party risk management, emphasizing the need for timely and detailed reporting and effective risk management strategies. The guide presents how the VIAVI Observer platform addresses these challenges by providing high-fidelity network forensics and integrating various data sources to create comprehensive forensic footprints. This enables institutions to identify, analyze, and report compliance incidents efficiently, well within the mandated 72-hour deadline. The document further discusses the importance of enhancing network performance and operational resilience to meet compliance mandates and avoid severe penalties. It concludes by suggesting actionable steps for financial institutions to prepare for compliance, including conducting gap analyses and improving incident management capabilities.