The Digital Operational Resilience Act (DORA) is transforming the financial sector, introducing new requirements to ensure resilience against cyber threats. One essential aspect of DORA is the call for segregation of duties within ICT roles to minimise conflicts of interest, a critical step for businesses to maintain operational integrity. This shift is driving many organisations to reevaluate their backup and recovery strategies, with some even replacing their existing systems to meet these new standards. Managed Service Providers (MSPs), particularly those offering Backup as a Service (BaaS) and Cyber Recovery as a Service (CRaaS), can be pivotal in helping businesses achieve compliance without overburdening internal teams.
What are BaaS and CRaaS?
Backup as a Service (BaaS) provides businesses with access to external expertise to manage and secure their backup environment, whether data is kept on-premises or offsite. Rather than focusing solely on moving data off-premises, BaaS involves outsourcing the specialised knowledge and resources required to ensure backups are properly maintained, monitored, and optimised. This is especially valuable for organisations facing the complex demands of DORA, as BaaS providers like Silverstring can ensure that backups are consistently protected, up-to-date, and compliant with regulatory requirements. By leveraging an MSP’s expertise, businesses gain peace of mind that their backup systems are fully resilient and ready to meet any challenges without needing to handle all the details internally.
This model not only helps organisations maintain compliance with DORA’s resilience standards but also allows them to focus on core activities, knowing that backup management is in the hands of specialists.
Cyber Recovery as a Service (CRaaS) goes beyond just storing data. CRaaS focuses on ensuring rapid, secure data recovery following a cyber incident. It involves storing backup copies in an immutable, air-gapped vault that is regularly tested for malware resilience and recoverability. This proactive approach directly supports DORA’s emphasis on not just preventing cyber incidents but also preparing for swift recovery, minimising downtime and operational disruption.
Using Predatar for Scalable, DORA-Compliant BaaS and CRaaS
At Silverstring, we leverage the Predatar platform to deliver both BaaS and CRaaS at scale. Predatar stands out because it’s a multi-vendor solution, supporting various backup products. This flexibility allows us to provide a service that adapts to changes in your backup landscape—a critical benefit when DORA is prompting many businesses to replace outdated systems.
Predatar’s platform also addresses DORA’s requirement for segregation of duties by providing robust, centralised management capabilities. For financial entities, this means they can confidently outsource backup and recovery to an MSP while ensuring that duties remain segregated in line with regulatory expectations. By outsourcing to Silverstring, organisations can minimise conflicts of interest, as our team of experts is solely focused on backup and recovery, separate from other ICT roles within the organisation.
Why Partner with Silverstring for DORA Compliance?
At Silverstring, we recognise that meeting DORA’s requirements, particularly around segregation and resilience, is a complex task. By entrusting your backup and recovery to us, you gain more than just technology. You gain a partner with deep expertise in data resilience. We provide scalable, cost-effective BaaS and CRaaS using Predatar’s platform, ensuring compliance with DORA while keeping costs manageable.
As DORA reshapes the financial industry, having a backup and recovery service that can move with you is invaluable. Our team is ready to help you transition smoothly, with the technology, guidance, and support necessary to stay resilient, compliant, and secure. Partnering with Silverstring means being prepared not just for today’s challenges but also for future regulatory shifts.
