PRESS RELEASE
ATLANTA, Sept. 24, 2024 /PRNewswire/ — OneTrust, the market-defining platform serving to organizations use information and AI responsibly, as we speak introduced new capabilities to assist organizations improve resilience throughout the monetary sector and operationalize compliance with the EU’s Digital Operational Resilience Act (DORA). Constructing upon its complete OneTrust Third-Occasion Administration resolution, OneTrust will now supply first-to-market capabilities resembling automated DORA “register of data” report creation and out-of-the-box depth of screening and compliance information.
“A company’s provide chain may be one in all its largest belongings for effectivity and innovation, in addition to its most vital impediment to cyber resiliency. Amid rising world mandates for cyber resiliency like DORA, groups want a deep understanding of their prolonged enterprise and instruments for managing danger at scale. By increasing on our strong Third-Occasion Administration capabilities with game-changing, new capabilities, groups can acquire much-needed visibility, automate danger and compliance administration, and strengthen resilience,” stated Shiven Patel, Director of Third-Occasion Administration at OneTrust.
With OneTrust, groups can acquire much-needed visibility, automate danger and compliance administration, and strengthen resilience
Introducing new capabilities to reinforce resilience and operationalize DORA compliance
To additional assist organizations effectively handle info and communication know-how (ICT) and digital provide chain resilience and operationalize DORA compliance, OneTrust is delivering a number of new, standout capabilities:Â Â
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4th- and nth-party danger administration: Now, groups can robotically determine, hyperlink, and assess fourth and even nth events to effectively monitor focus danger and display proportionality.Â
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Two-click register of data reporting:Â Shortly generate an entire “register of data” in relation to all contractual preparations on using ICT providers supplied by ICT Third-Occasion Service Suppliers (ICT TPPs) and ICT service provide chains.
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Enhanced danger and compliance information feeds:Â Meet due diligence necessities and display screen ICT service suppliers towards out-of-the-box danger and compliance datasets from Dow Jones Danger & Compliance, HackNotice, ISS-Company, RapidRatings, RiskRecon, Safety Scorecard, and Provide Knowledge.
How Third-Occasion Administration already helps organizations adjust to DORA
Right this moment, Third-Occasion Administration empowers organizations to centralize the end-to-end danger administration lifecycle. For ICT and provide chain dangers and extra, the answer permits groups to implement a data-centric and risk-based strategy to figuring out and mitigating danger, whereas repeatedly monitoring for modifications to danger posture. Due to OneTrust’s cross-domain insights, organizations can align inner groups and information risk-aware decision-making to create a extra resilient, safe, and scalable third-party ecosystem. Forward of DORA taking impact in January 2025, Third-Occasion Administration helps organizations meet the Act’s third-party ICT necessities pertaining to:
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Pre-Contract ICT Evaluation
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Stock, Hyperlink, and Report on the ICT provide chainÂ
Third-Occasion Administration additionally integrates seamlessly with totally different options throughout the OneTrust Platform, together with the newly launched Compliance Automation. Compliance Automation and Third-Occasion Administration work collectively to operationalize an actionable breakdown of the DORA regulatory necessities into measurable capabilities and construct a totally compliant ICT danger administration program.
Further sources
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Cease by sales space 412 on the Gartner Safety & Danger Administration Summit, September 23-25 in London to study extra
About OneTrust
OneTrust unlocks the complete potential of knowledge and AI, responsibly. Our platform enforces the safe dealing with of firm information, empowering organizations to drive innovation responsibly whereas mitigating dangers. With a complete suite of options spanning information and AI safety, privateness, governance, danger, ethics, and compliance, OneTrust allows seamless collaboration between information groups and danger groups to allow fast and trusted innovation. Acknowledged because the market chief in belief, OneTrust boasts over 300 patents and serves greater than 14,000 clients globally, starting from business giants to small companies. For extra info, go to www.onetrust.com.Â
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