A startup's ICT systems are only as strong as its risk framework. This article guides founders to systematically implement DORA-compliant risk management.
Table of Contents
- Risk Identification
- Risk Assessment
- Control Design & Implementation
- Monitoring & Reporting
- Continuous Improvement
- Conclusion
Risk Identification {#identification}
- Map all critical ICT systems
- Identify potential vulnerabilities & threats
- Include third-party dependencies
Risk Assessment {#assessment}
- Evaluate likelihood and impact
- Categorize risks: High, Medium, Low
- Prioritize remediation
Control Design & Implementation {#controls}
- Policies and SOPs
- Cybersecurity safeguards
- Access management and monitoring tools
Monitoring & Reporting {#monitoring}
- Real-time dashboards
- Incident escalation process
- Regular audit reports
Continuous Improvement {#improvement}
- Quarterly reviews
- Lessons learned from incidents
- Policy updates
Conclusion {#conclusion}
Implementing a strong ICT risk management framework ensures startups stay resilient, avoid fines, and gain investor confidence.
