DORA simplified RMF

Requirement

Article 31: ICT risk management

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1. The financial entities referred to in Article 16(1) of Regulation (EU) 2022/2554 shall include in their simplified ICT risk management framework all of the following:

(a) a determination of the risk tolerance levels for ICT risk, in accordance with the risk appetite of the financial entity;

(b) the identification and assessment of the ICT risks to which the financial entity is exposed;

(c) the specification of mitigation strategies at least for the ICT risks that are not within the risk tolerance levels of the financial entity;

(d) the monitoring of the effectiveness of the mitigation strategies referred to in point (c);

(e) the identification and assessment of any ICT and information security risks resulting from any major change in ICT system or ICT services, processes, or procedures, and from ICT security testing results and after any major ICT-related incident.

2. The financial entities referred to in paragraph 1 shall carry out and document the ICT risk assessment periodically commensurate to the financial entities’ ICT risk profile.

3. The financial entities referred to in paragraph 1 shall continuously monitor threats and vulnerabilities that are relevant to their critical or important functions, and information assets and ICT assets, and shall regularly review the risk scenarios impacting those critical or important functions.

4. The financial entities referred to in paragraph 1 shall set out alert thresholds and criteria to trigger and initiate ICT-related incident response processes.

Fulfill this requirement by completing the tasks below ->

This requirement is part of the framework:

DORA simplified RMF

Other requirements of the framework

Article 31: ICT risk management

Best practices

How to implement:

Article 31: ICT risk management

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1. The financial entities referred to in Article 16(1) of Regulation (EU) 2022/2554 shall include in their simplified ICT risk management framework all of the following:

(a) a determination of the risk tolerance levels for ICT risk, in accordance with the risk appetite of the financial entity;

(b) the identification and assessment of the ICT risks to which the financial entity is exposed;

(c) the specification of mitigation strategies at least for the ICT risks that are not within the risk tolerance levels of the financial entity;

(d) the monitoring of the effectiveness of the mitigation strategies referred to in point (c);

(e) the identification and assessment of any ICT and information security risks resulting from any major change in ICT system or ICT services, processes, or procedures, and from ICT security testing results and after any major ICT-related incident.

2. The financial entities referred to in paragraph 1 shall carry out and document the ICT risk assessment periodically commensurate to the financial entities’ ICT risk profile.

3. The financial entities referred to in paragraph 1 shall continuously monitor threats and vulnerabilities that are relevant to their critical or important functions, and information assets and ICT assets, and shall regularly review the risk scenarios impacting those critical or important functions.

4. The financial entities referred to in paragraph 1 shall set out alert thresholds and criteria to trigger and initiate ICT-related incident response processes.

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Frameworks that include requirements for this topic:

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How to improve security around this topic

In Cyberday, requirements and controls are mapped to universal tasks. A set of tasks in the same topic create a Policy, such as this one.

Here's a list of tasks that help you improve your information and cyber security related to

Article 31: ICT risk management

Task name

Priority

Task completes

Complete these tasks to increase your compliance in this policy.

Critical

No other tasks found.

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How to comply with this requirement

In Cyberday, requirements and controls are mapped to universal tasks. Each requirement is fulfilled with one or multiple tasks.

Here's a list of tasks that help you comply with the requirement

Article 31: ICT risk management

of the framework

DORA simplified RMF

Task name

Priority

Task completes

Complete these tasks to increase your compliance in this policy.

Critical

Identification and documentation of cyber security risks

Critical

High

Normal

Low

Risk management and leadership

Risk management

Identification and documentation of cyber security risks

This task helps you comply with the following requirements

Članak 30.1.a: Politike analize rizika i sigurnosti informacijskih sustava NIS2 Croatia

2.5: Riskienhallinta TiHL tietoturvavaatimukset

7 §: Riskienhallinta Kyberturvallisuuslaki

1.4.1: Management of Information Security Risks TISAX

13 §: Tietoaineistojen ja tietojärjestelmien tietoturvallisuus TiHL

Risk management procedure -report publishing and maintenance

Critical

High

Normal

Low

Risk management and leadership

Risk management

Risk management procedure -report publishing and maintenance

This task helps you comply with the following requirements

Članak 30.1.a: Politike analize rizika i sigurnosti informacijskih sustava NIS2 Croatia

2.5: Riskienhallinta TiHL tietoturvavaatimukset

8 §: Kyberturvallisuutta koskeva riskienhallinnan toimintamalli Kyberturvallisuuslaki

1.4.1: Management of Information Security Risks TISAX

30 § 1°: Gestion des risques et maîtrise des incidents NIS2 Belgium

Treatment process and documentation of occurred security incidents

Critical

High

Normal

Low

Incident management

Incident management and response

Treatment process and documentation of occurred security incidents

This task helps you comply with the following requirements

Članak 30.1.b: Postupanje s incidentima, uključujući njihovo praćenje, evidentiranje i prijavljivanje NIS2 Croatia

9.9b §: Poikkeamien käsittely Kyberturvallisuuslaki

1.6.2: Management of reported events TISAX

30 § 3.2° (incidents): La gestion des incidents NIS2 Belgium

4.4.2: Review identified compromised security measures NSM ICT-SP

Process for managing technical vulnerabilities

Critical

High

Normal

Low

Development and cloud

Technical vulnerability management

Process for managing technical vulnerabilities

This task helps you comply with the following requirements

12.6.1: Management of technical vulnerabilities ISO 27001

14.2.1: Secure development policy ISO 27001

ID.RA-1: Asset vulnerabilities NIST

PR.IP-12: Vulnerability management plan NIST

RS.AN-5: Vulnerability management process NIST

The goals of threat intelligence and the collection of information related to information security threats

Critical

High

Normal

Low

Development and cloud

Technical vulnerability management

The goals of threat intelligence and the collection of information related to information security threats

This task helps you comply with the following requirements

5.7: Threat intelligence ISO 27001

77: Menettely toimintaympäristön seuraamiseen Digiturvan kokonaiskuvapalvelu

Article 13: Learning and evolving DORA

4.1: Tietojärjestelmien tietoturvallisuus TiHL tietoturvavaatimukset

ID.RA-2: Cyber threat intelligence is received from information sharing forums and sources.CyberFundamentals

Creating and maintaining incident response plans

Critical

High

Normal

Low

Incident management

Incident management and response

Creating and maintaining incident response plans

This task helps you comply with the following requirements

4.1.1: Establish plans for incident management NSM ICT-SP

ID.IM-04: Incident response and cybersecurity plans NIST 2.0

PR.IR-03: Meeting resilience requirements NIST 2.0

RC.RP-01: Recovery plan NIST 2.0

RS.MA-01: Incident response plan execution NIST 2.0

Defining security events and incidents

Critical

High

Normal

Low

Incident management

Incident management and response

Defining security events and incidents

This task helps you comply with the following requirements

1.6.1: Reporting of security events TISAX

DE.AE-08: Incidents declaration criteria NIST 2.0

17.9: Establish and Maintain Security Incident Thresholds CIS 18

Article 31: ICT risk management DORA simplified RMF

Enabling asset-based risk management in the ISMS

Critical

High

Normal

Low

Risk management and leadership

Risk management

Enabling asset-based risk management in the ISMS

This task helps you comply with the following requirements

Article 8: Identification DORA

2.5: Riskienhallinta TiHL tietoturvavaatimukset

5.2.2: Seperation of testing and development environments TISAX

1.1.3: Identify the organisation’s processes for ICT risk management NSM ICT-SP

Article 31: ICT risk management DORA simplified RMF

Change management procedure for significant changes to data processing services

Critical

High

Normal

Low

Development and cloud

Secure development

Change management procedure for significant changes to data processing services

This task helps you comply with the following requirements

Članak 30.1.e: Sigurnost u nabavi, razvoju i održavanju mrežnih i informacijskih sustava NIS2 Croatia

9.3 §: Tietojärjestelmien hankinta ja kehittäminen Kyberturvallisuuslaki

5.2.1: Change management TISAX

5.3.1: Information Security in new systems TISAX

30 § 3.5°: L'acquisition, du développement et de la maintenance des réseaux et des systèmes d'information NIS2 Belgium

Assessment of the impact and likelihood of the risks and the scales used

Critical

High

Normal

Low

Risk management and leadership

Risk management

Assessment of the impact and likelihood of the risks and the scales used

This task helps you comply with the following requirements

ID.RA-4: Impacts on business NIST

Article 6: ICT risk management framework DORA

2.5: Riskienhallinta TiHL tietoturvavaatimukset

1.4.1: Management of Information Security Risks TISAX

ID.RA-04: Impacts and likelihoods of threats NIST 2.0

Risk level accepted by the organization

Critical

High

Normal

Low

Risk management and leadership

Risk management

Risk level accepted by the organization

This task helps you comply with the following requirements

Članak 30.1.a: Politike analize rizika i sigurnosti informacijskih sustava NIS2 Croatia

8 §: Kyberturvallisuutta koskeva riskienhallinnan toimintamalli Kyberturvallisuuslaki

30 § 3.1°: L'analyse des risques et à la sécurité des systèmes d'information NIS2 Belgium

1.1.4: Identify the organisation’s tolerances for ICT risk NSM ICT-SP

1.1.2: Identify the organisation’s structures and processes for security management NSM ICT-SP

Evaluation of the information security measures defined in the risk management phase

Critical

High

Normal

Low

Risk management and leadership

Risk management

Evaluation of the information security measures defined in the risk management phase

This task helps you comply with the following requirements

HAL-06: Riskienhallinta Julkri

RISK-4: Respond to Cyber Risk C2M2

CC5.1: Control activities for mitigation of risks SOC 2

1.4.1: Management of Information Security Risks TISAX

Article 31: ICT risk management DORA simplified RMF

Monitoring the status of risk management

Critical

High

Normal

Low

Risk management and leadership

Risk management

Monitoring the status of risk management

This task helps you comply with the following requirements

14.5.2): Aukščiausiosios vadovybės atsakomybė NIS2 Lithuania

19: Riskienhallinan tilanteen seuraaminen Digiturvan kokonaiskuvapalvelu

CC5.1: Control activities for mitigation of risks SOC 2

Article 6: ICT risk management framework DORA

2.5: Riskienhallinta TiHL tietoturvavaatimukset

Consideration of threat intelligence findings in the information security risk management process

Critical

High

Normal

Low

Development and cloud

Technical vulnerability management

Consideration of threat intelligence findings in the information security risk management process

This task helps you comply with the following requirements

5.7: Threat intelligence ISO 27001

3.3.4: Obtain and process threat information from relevant sources NSM ICT-SP

ID.IM-02: Improvements from security tests and exercises NIST 2.0

Article 31: ICT risk management DORA simplified RMF

Art. 13.2.2: Mesures internes de sécurité graduelles Loi infrastructures critiques

Continuous improvement of the risk management process

Critical

High

Normal

Low

Risk management and leadership

Risk management

Continuous improvement of the risk management process

This task helps you comply with the following requirements

Članak 30.1.a: Politike analize rizika i sigurnosti informacijskih sustava NIS2 Croatia

8 §: Kyberturvallisuutta koskeva riskienhallinnan toimintamalli Kyberturvallisuuslaki

1.4.1: Management of Information Security Risks TISAX

30 § 3.1°: L'analyse des risques et à la sécurité des systèmes d'information NIS2 Belgium

ID.GV-4: Governance and risk management processes address cybersecurity risks.CyberFundamentals

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Requirements

Break down the framework into specific obligations that must be met.

Tasks

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Policies

Documented rules and practices that are created and maintained as a result of completing tasks.

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