Adopting DORA with XM Cyber Security Checklist

This document is a guide focused on the adoption of the Digital Operational Resilience Act (DORA) in financial institutions, outlining essential steps for compliance and effective risk management. It begins by defining DORA and its significance in enhancing operational resilience and cybersecurity within the financial sector. The guide details a series of steps that institutions should follow, including documenting critical ICT assets, conducting gap analyses, defining risk appetites, and implementing resilience measures for business-critical systems. It emphasizes the need for continuous learning and incident management strategies to address ICT-related incidents effectively. Additionally, the guide outlines the importance of establishing a Governance, Risk, and Compliance (GRC) project team and fostering a culture of intelligence sharing among industry partners. The document also highlights the necessity of regular testing and communication with regulators to ensure compliance with DORA requirements. Overall, it serves as a comprehensive framework for financial institutions aiming to enhance their digital operational resilience.