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URL: https://www.contrastsecurity.com/security-influencers/what-is-dora-compliance-requirements-for-eu-dora-regulations-contrast-security
Submission: On January 30 via manual from CZ — Scanned from DE

Form analysis 2 forms found in the DOM

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Developers




3 WAYS CONTRAST HELPS TO BUILD DIGITAL RESILIENCE

By Jeff Williams, Co-Founder, Chief Technology Officer

October 17, 2023

DevOps RASP IAST cybersecurity Runtime Security WAF DAST DORA regulation
European Union Regulation (EU) 2022/2554 compliance digital resilience Digital
Operational Resilience Act Article 25

    

Cyberattacks, supply-chain issues, flooding, tsunamis, wildfires, equipment
failures and even war: The financial sector has no choice but to keep operations
running through all these — among other — types of disruptions, challenges and
incidents. 

The crucial need to maintain operational resilience has lit a spark under
regulatory authorities, which are increasingly emphasizing the imperative of
preparedness for unexpected events. One prime example: the European Union’s
Digital Operational Resilience Act (DORA), which establishes a comprehensive
framework for financial organizations to identify, prevent, mitigate and
recuperate from incidents so as to maintain critical functions, deliver
essential services and meet their obligations to customers, stakeholders and
regulators, despite adverse circumstances that affect information and
communication technology (ICT) attacks.

To read more about how Contrast supports DORA, download our solution brief. 

Get Solution Brief


WHAT IS DORA? 

The Council of the EU comprises government ministers from each EU country who
are authorized to create and amend laws and coordinate policies. In November
2022, the council adopted DORA with the goal of providing consistent IT security
standards for financial institutions (banks, insurance companies and investment
firms) across all EU member states so as to keep the EU financial sector
resilient against cyber threats and operational disruption. 

In December 2022, DORA was published as Regulation (EU) 2022/2554 in the
Official Journal of the European Union. The Act — which is a binding regulation
for all EU members, as opposed to being simply a directive — went into effect on
January 16, 2023. 


HOW CONTRAST ADDRESSES DORA REQUIREMENTS 

Article 25 of the legislation from the Official Journal of the European Union,
details the essential elements for testing of ICT tools and systems. Securing
custom applications and APIs — including third-party libraries used by EU
financial services firms — is key in meeting this new regulation. Contrast
Security supports DORA Article 25 with the Contrast Secure Code Platform in the
following ways: 

25.1 - The digital operational resilience testing programme referred to in
Article 24 shall provide, in accordance with the criteria set out in Article
4(2), for the execution of appropriate tests, such as vulnerability assessments
and scans, open source analyses, network security assessments, gap analyses,
physical security reviews, questionnaires and scanning software solutions,
source code reviews where feasible, scenario-based tests, compatibility testing,
performance testing, end-to-end testing and penetration testing. 



--------------------------------------------------------------------------------

Contrast supports the DORA testing requirements of §25(1) for vulnerability
assessments and scans, open-source analysis, scanning software solutions,
source-code reviews, end-to-end testing, and penetration testing.  Contrast
automates the process of performing these assessments, providing highly accurate
results in real time as a part of the normal development process.

--------------------------------------------------------------------------------

 

25.2 - Central securities depositories and central counterparties shall perform
vulnerability assessments before any deployment or redeployment of new or
existing applications and infrastructure components, and ICT services supporting
critical or important functions of the financial entity. 



--------------------------------------------------------------------------------

Contrast’s speed and natural pipeline integration makes it uniquely capable of
meeting the requirements of §25(2) for performing vulnerability assessments of
new or existing applications and APIs, components and ICT during every
deployment or redeployment. Contrast automatically performs vulnerability
analysis during normal manual and automated QA tests, so that no extra security
activities are required.

--------------------------------------------------------------------------------

 

25.3 - Microenterprises shall perform the tests referred to in paragraph 1 by
combining a risk-based approach with a strategic planning of ICT testing, by
duly considering the need to maintain a balanced approach between the scale of
resources and the time to be allocated to the ICT testing provided for in this
Article, on the one hand, and the urgency, type of risk, criticality of
information assets and of services provided, as well as any other relevant
factor, including the financial entity’s ability to take calculated risks, on
the other hand. 


 

--------------------------------------------------------------------------------

Contrast’s unlimited scalability, real-time analysis and high accuracy delivers
the capability to achieve an unmatched balance of scale, speed and effort under
§25(3), maximizing software security with a minimum of effort. 

--------------------------------------------------------------------------------

Contrast Security can help secure your applications and APIs — a key step toward
compliance with DORA Regulation (EU) 2022/2554. Schedule a demo and see how it
works. 


TIME FOR RUNTIME SECURITY

We see a future where every stack includes Runtime Security and software
development organizations have a healthy Application Security (AppSec) program
delivering fast remediation, minimal backlog and high-speed innovation. 

Have a listen to this episode of the Application Security Podcast, in which we
discussed Runtime Security, including key perspectives on:

 * Why DAST is easily replaced by IAST
 * Whether it’s time to throw out your web application firewall (WAF)
 * Differences in detection and rule technologies between RASP and IAST
 * Is Runtime Security your AppSec panacea?

Listen Now



READ MORE:

 * 3 Essential Steps to Enable Security in DevOps, By Daniel Betts, Manjunath
   Bhat, Hassan Ennaciri, Chris Saunderson (Gartner Report)
 * Defense-in-depth web AppSec: The case for having both RASP and WAF
   (Whitepaper) 
 * Hands-on testing and protecting APIs (Virtual Workshop) 
 * Building a modern API security strategy: A five-part series (Blog)
 * Hidden dangers of traditional AppSec tools and why Runtime Security is
   replacing them (Podcast Writeup)
 * Lack of Security Observability Thwarts Application Security (Whitepaper)

DevOps RASP IAST cybersecurity Runtime Security WAF DAST DORA regulation
European Union Regulation (EU) 2022/2554 compliance digital resilience Digital
Operational Resilience Act Article 25

JEFF WILLIAMS, CO-FOUNDER, CHIEF TECHNOLOGY OFFICER

Jeff brings more than 20 years of security leadership experience as co-founder
and Chief Technology Officer of Contrast Security. He recently authored the
DZone DevSecOps, IAST, and RASP refcards and speaks frequently at conferences
including JavaOne (Java Rockstar), BlackHat, QCon, RSA, OWASP, Velocity, and
PivotalOne. Jeff is also a founder and major contributor to OWASP, where he
served as Global Chairman for 9 years, and created the OWASP Top 10, OWASP
Enterprise Security API, OWASP Application Security Verification Standard, XSS
Prevention Cheat Sheet, and many more popular open source projects. Jeff has a
BA from Virginia, an MA from George Mason, and a JD from Georgetown.

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