Article 10, Detection, Digital Operational Resilience Act (DORA)

Overview

1. Financial entities shall have in place mechanisms to promptly detect anomalous activities, in accordance with Article 17, including ICT network performance issues and ICT-related incidents, and to identify potential material single points of failure.

All detection mechanisms referred to in the first subparagraph shall be regularly tested in accordance with Article 25.

2. The detection mechanisms referred to in paragraph 1 shall enable multiple layers of control, define alert thresholds and criteria to trigger and initiate ICT-related incident response processes, including automatic alert mechanisms for relevant staff in charge of ICT-related incident response.

3. Financial entities shall devote sufficient resources and capabilities to monitor user activity, the occurrence of ICT anomalies and ICT-related incidents, in particular cyber-attacks.

4. Data reporting service providers shall, in addition, have in place systems that can effectively check trade reports for completeness, identify omissions and obvious errors, and request re-transmission of those reports.

Summary Of Article 10

Article 10 of the Digital Operational Resilience Act (DORA) requires financial entities to implement mechanisms for promptly detecting ICT anomalies and incidents. These systems must have multiple layers of control, with clear criteria for triggering alerts, enabling swift responses to ICT-related incidents. Detection tools must monitor user activity and identify cyber-attacks and potential risks, such as single points of failure. The effectiveness of these mechanisms should be regularly tested, and financial entities must allocate resources to monitor ICT performance. Additionally, data reporting service providers are tasked with ensuring the completeness and accuracy of trade reports.