OSS Vulnerabilities and the Digital Operational Resilience Act (DORA)
Blog post from Endor Labs
The Digital Operational Resilience Act (DORA), approved by the European Parliament and effective from January 17, 2025, aims to standardize ICT operational risk management across the EU financial sector to enhance digital resilience against societal and economic disruptions. DORA mandates comprehensive ICT risk management strategies, including maintaining and testing security policies, monitoring technical controls, and implementing crisis communication plans. Financial institutions and third-party ICT service providers must comply with these requirements, particularly concerning open-source software (OSS) vulnerabilities. DORA emphasizes the need for robust vulnerability and patch management and thorough testing of ICT systems, including source code reviews and security testing. As part of achieving compliance, organizations should adopt best practices like identifying OSS components, assessing risks, scanning for vulnerabilities, and prioritizing remediation efforts. Regulatory Technical Standards (RTS) are being developed to provide specific technical guidelines for effective DORA implementation. Tools like Software Composition Analysis (SCA) are recommended to help organizations manage OSS risks, document software inventories, and ensure compliance with both DORA and related standards such as PCI DSS.
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