Disaster Recovery & Strategic Planning: How alignment can reduce risk and cost

If it’s been done correctly, your business continuity program has been developed to support your Banks’ strategic plan. The capabilities of your hardware and software have been carefully selected to coincide with the needs of your target market. Your financial projections are based on your ability to successfully penetrate your target market, and your DR program provides assurance that your critical business processes will continue functioning to serve your customers in the event of a disaster. In short, the objectives of your strategic plan should be reflected in the priorities of your DR plan (specifically in the business impact analysis and the risk assessment phases), and your recovery procedures will assure process recovery within the pre-defined limits.

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Article by Tom Hinkel

As author of the Compliance Guru website, Hinkel shares easy to digest information security tidbits with financial institutions across the country. With almost twenty years’ experience, Hinkel’s areas of expertise spans the entire spectrum of information technology. He is also the VP of Compliance Services at Safe Systems, a community banking tech company, where he ensures that their services incorporate the appropriate financial industry regulations and best practices.