Cyber Upgrade

Cyber Upgrade

CyberUpgrade is a robust cybersecurity and compliance platform tailored for financial institutions, with a specialized focus on DORA compliance. It streamlines regulatory adherence and risk management processes.

About Cyber Upgrade

CyberUpgrade offers a dedicated compliance platform designed for financial firms seeking DORA adherence. It provides an in-house cybersecurity team through a flexible subscription model, enabling efficient management of ICT audits, control tracking, policy sharing, and compliance automation. The platform features automated risk assessments, vendor risk management, continuous monitoring, and security controls. Additionally, it offers 24/7 security measures like vulnerability scanning, security awareness training, and penetration testing. CyberUpgrade’s solutions cater to SMEs, startups, and large enterprises across sectors including banking, fintech, insurance, healthcare, retail, and energy, ensuring comprehensive digital resilience.

How to Use

CyberUpgrade provides a platform integrated with expert CISO support to help financial institutions achieve and sustain DORA compliance. Users can perform self-assessments, automate compliance tasks, manage third-party risks, and conduct ongoing monitoring. The platform seamlessly connects with tools like Slack and Microsoft Teams to streamline evidence collection and compliance workflows.

Features

  • Automated Evidence Gathering
  • Real-Time Monitoring and Reporting
  • CISO-as-a-Service Support
  • Policy Development and Documentation
  • Risk Evaluation Tools
  • DORA Compliance Automation
  • Third-Party Vendor Risk Management

Use Cases

  • Enhancing cybersecurity during business growth
  • Achieving and maintaining DORA compliance
  • Managing third-party vendor risks effectively
  • Automating security and compliance processes

Best For

Fintech FirmsBanks and Credit InstitutionsInsurance ProvidersChief Technology OfficersPayment Service ProvidersCompliance OfficersInvestment FirmsRegulated Tech CompaniesCrypto and Blockchain Companies

Pros

  • Complete DORA compliance management
  • Automation reduces manual workload
  • Designed for the unique needs of financial firms
  • Continuous risk monitoring with instant reports
  • Expert guidance from experienced CISOs

Cons

  • System integration may require initial setup
  • Subscription costs involved
  • Primarily focused on DORA, limiting other compliance coverage

FAQs

What is DORA and how does CyberUpgrade assist with compliance?
DORA (Digital Operational Resilience Act) is an EU regulation enhancing digital resilience in finance. CyberUpgrade offers a platform and expert support to help firms meet DORA requirements efficiently.
Which organizations benefit most from CyberUpgrade?
Financial institutions such as banks, fintechs, insurance companies, payment providers, investment firms, and regulated tech vendors can leverage CyberUpgrade for compliance and cybersecurity.
How does CyberUpgrade automate compliance tasks?
It automates security workflows with guided tasks, automatic evidence collection, risk analysis, policy management, and continuous monitoring for seamless regulatory adherence.
What is the role of CISO-as-a-Service in CyberUpgrade?
CISO-as-a-Service provides strategic security leadership, including vulnerability assessments, security training, penetration testing, and disaster planning, without hiring a full-time CISO.
How does the platform support third-party risk management?
CyberUpgrade simplifies vendor oversight with VendorGuard, covering contract compliance, risk evaluations, and incident response planning.