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IDC PlanScape: Digital Operational Resilience for Financial Entities

Publisher IDC
Published Jan 30, 2023
Length 11 Pages
SKU # IDC17695340

Description

IDC PlanScape: Digital Operational Resilience for Financial Entities

The digital transformation of the financial industry has led to a highly interconnected and interdependent ecosystem, entailing a systemic risk across the industry. The underlying concept that led regulators to establish direct control on financial entities as well as their third-party ICT and cloud service providers is that no single financial organization can operate as an independent entity in the digital era. The Digital Operational Resilience Act is a game-changer in risk management; it drives joint responsibility that can make or break the relationship between a bank and its ICT partners, said Maria Adele Di Comite, research director, IDC Financial Insights.

Please Note: Extended description available upon request.

Table of Contents

11 Pages
IDC PlanScape Figure
Executive Summary
Why is digital operational resilience Important?
What is digital operational resilience?
ICT Risk Management
ICT Third-Party Risk
Digital Operational Resilience Testing
Mandatory Incident Reporting
Voluntary Information Sharing
Who are the Key Stakeholders?
How Can My Organization Take Advantage of digital operational resilience?
Advice for Technology Buyers
Related Research

Pricing

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