Fourth Party

OneTrust has recently enhanced its solutions to bolster operational resilience and risk management for organizations, ensuring they meet the requirements of the European Union's Digital Operational Resilience Act (DORA) and other regulations like NIS2, FCA, and LkSG. DORA is designed to fortify the IT security of financial institutions and their ICT vendors, impacting a broad range of entities within the EU financial sector. The act introduces a significant shift by incorporating ICT third-party risk into the broader risk management framework. This change means financial entities and their partners are...