Governance

Business Continuity

The capability of an organization to continue delivering products or services at acceptable predefined levels following a disruptive incident. Business continuity planning is a core component of both DORA and ISO 27001 requirements.

Business continuity management (BCM) ensures that critical business functions can continue during and after a disaster or significant disruption. It encompasses business impact analysis, recovery strategy development, plan documentation, testing and exercises, and ongoing maintenance and improvement.

Under DORA, financial entities must develop and implement ICT business continuity policies that ensure the continuity of critical or important functions. These policies must include scenario-based testing (at least annually), clear recovery time objectives (RTOs) and recovery point objectives (RPOs), communication plans for internal and external stakeholders, and integration with overall organizational business continuity plans.

ISO 27001 similarly addresses business continuity through Annex A controls related to information security continuity and redundancies. Organizations pursuing both standards benefit from an integrated approach to business continuity that satisfies both sets of requirements.

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