Navigating DORA Training Requirements: Empowering the Financial Sector

The Digital Operational Resilience Act (DORA) has introduced a paradigm shift in how financial entities approach ICT risks. A critical component of this regulatory framework is the comprehensive training requirements outlined in various sections of the Act.

Understanding the Training Landscape Under DORA

1. Governance and Organisation (Article 5): DORA mandates a dedicated budget for digital operational resilience, covering ICT security awareness programmes and resilience training (Art. 5(g)). This ensures that financial entities remain equipped and responsive to evolving cyber threats.

2. Management’s Role (Art. 5(4)): Members of the management body are required to regularly update their knowledge and skills regarding ICT risk (Art. 5(4)). This continuous education helps in making informed decisions that align with the entity's operational resilience objectives.

3. Staff Training Schemes (Article 13(6)): DORA calls for compulsory ICT security awareness programmes and resilience training within staff training schemes. It highlights the need for these programmes to match the complexity of employees' roles and extends to senior management (Art. 13(6)).

4. Post-Incident Learning (Article 16(h)): Following incidents, financial entities should integrate operational conclusions into the ICT risk assessment process, developing awareness programmes and training tailored to the risk profile (Art. 16(h)).

5. Inclusion of Third-Party Providers (Article 30(i)): The Act extends training requirements to ICT third-party service providers, ensuring they participate in the entity's ICT security awareness and resilience training (Art. 30(i)).

These sections collectively underscore the importance of a well-informed workforce capable of contributing to the firm's digital operational resilience.

ICTTF Cyber Risk Academy: Your Partner in DORA Compliance

At the ICTTF Cyber Risk Academy, we understand the intricacies of DORA and the pivotal role training plays in compliance. Our offerings include:

• DORA Certified Compliance Specialist (DCCS) Course: A comprehensive learning pathway to become a DORA Compliance Officer.
• Executive Training: Tailored modules for board and senior management, providing deep insights into the regulation and its implications.
• Customised Programmes: Training solutions that cater to the entire range of staff, stakeholders, and suppliers, ensuring a holistic understanding of DORA.

Our expert-led courses are designed to not only meet but exceed DORA's training requirements, equipping your organisation with the knowledge to thrive in a resilient digital ecosystem.

To learn more about how the ICTTF Cyber Risk Academy can help your financial entity align with DORA, reach out to us.