Comply with DORA through simple third-party risk management
Manage and lower your ICT supply chain risks with 3rdRisk. We help financial entities simplify DORA compliance and enhance overall operational resilience with our third-party risk management platform.
DORA compliance for financial entities
Full visibility into all your ICT risks
You need insight into cybersecurity, compliance, and operational risks to comply with DORA. 3rdRisk offers a full overview of the third-party landscape, so you meet regulatory requirements. It also provides a Register of Information in line with the ITS.
Better third-party stakeholder engagement
Nobody enjoys manual internal control assessments. 3rdRisk’s automated workflows in Microsoft Teams fully engage all key parties, making for better stakeholder involvement and helping you achieve DORA compliance, without the hassle.
Reduce your DORA compliance workload
Vendor assessment, contract fulfilment, monitoring, auditing, documentation, and reporting: as a risk professional, you have a lot on your plate. 3rdRisk automates these processes, reducing your compliance workload and helping you meet DORA requirements.
Automated third-party risk assessments
As a financial entity, you need to assess your third parties' compliance in cybersecurity, operational risk, sustainability, continuity, and more. 3rdRisk automatically identifies and assesses these risks for each third-party ICT service provider, making sure you follow DORA rules.
Simplified Register of Information
Keeping track of contract details, performance goals, and renewals takes a lot of time. 3rdRisk streamlines contract management with ICT service providers and eases the process of maintaining the Register of Information. It enables you to demonstrate compliance to supervisors effortlessly with a single click.
Easy third-party incident reporting
Incident reporting is crucial for meeting DORA's transparency and accountability requirements. 3rdRisk makes it easier to report big ICT incidents, including thos with third-party service providers. This helps meet DORA reporting rules and respond well to incidents like data breaches.
Continuous monitoring of ICT service provider risks
Continuous monitoring and auditing of third-party ICT service providers' practices is essential for ongoing DORA compliance. 3rdRisk helps you identify and quickly respond to incidents such as data breaches, compliance violations, security vulnerabilities, and contractual risks.
Become excellent at managing third-party ICT risks
Save 8 hours per design & configuration assessment
Increase stakeholder response rate with 14%
Get 53 days back per response performance
Save 6 hours per review & assess assessment
"3rdRisk offered what many platforms in the space still lack today: a comprehensive and intuitive one-stop-shop for compliance and third-party risk management."
FAQs and answers
We've compiled a list of frequently asked questions and answers for you. Didn't find your question? Contact us, and we'll be happy to answer.
Do you offer a special DORA package?
Absolutely. Our special DORA package includes a platform subscription with all necessary features and content, such as policies, controls, and questionnaires, aimed at accelerating compliance.
Does 3rdRisk provide a Register of Information?
Absolutely. 3rdRisk features an integrated register that consolidates all your third-party information, including contracts, risk profiles, and compliance requirements. This centralised repository ensures you have a comprehensive overview of your third-party landscape, facilitating effective risk management and compliance monitoring. You can easily export the Register of Information.
Can I also manage concentration risks with 3rdRisk?
Yes, 3rdRisk enables effective management of concentration risks within your third-party ecosystem. The platform offers a comprehensive third-party catalogue that allows you to register and manage all your third-party relationships and their sub-contractors, up to 99 levels deep. This feature provides a holistic view of your supply chain, facilitating the identification of interdependencies and concentration risks. Additionally, 3rdRisk includes a visual supply chain representation tool, enabling intuitive exploration of your supply chain to easily view interdependencies and concentration risks.
Do you provide a guided DORA setup?
Yes, we offer a guided setup process for DORA compliance. Our platform is designed for quick implementation, allowing you to start implementing DORA controls, such as performing vendor risk assessments and reporting on control effectiveness, within a short timeframe.
Does the platform come with DORA content?
Indeed, the 3rdRisk platform includes a library of DORA controls and best-practice templates. This content is curated to assist you in aligning your risk management processes with DORA requirements effectively.
Meet third-party compliance with these tailored framework solutions
Tailored solutions suited for current and upcoming internal and regulatory frameworks like NIS-2, GDPR, and CSRD to ensure compliance.
NIS-2
The NIS-2 Directive enhances the previous NIS Directive to improve the security of network and information systems in the European Union. 3rdRisk simplifies compliance with the NIS-2 framework.
GDPR
The General Data Protection Regulation (GDPR) is an EU law on data protection and privacy. 3rdRisk's GDPR solution ensures compliance with this framework.
CSRD
Navigate the complexities of Corporate Sustainability and Responsibility Disclosure (CSRD) with the 3rdRisk third-party risk management platform. Simplify compliance, reporting, and management of CSRD obligations to achieve compliance today.
