Disaster Recovery at the Macro Level

Disaster Recovery / Business Continuity

Disaster Recovery is about three things: planning, testing, and procedures. Each part is as important as the other. The planning phase often gets a lot of attention and for good reason. Banks have to satisfy compliance initiatives and answer to the FFIEC and OCC.

But that is not where the story ends. Satisfying compliance initiatives may get you off the hook with the regulators and make you look good on paper, but what you are really interested in is staying in business for the long haul. The statistics are staggering. Eighty-five percent of companies without a disaster recovery plan go out of business within a year after a disaster. All your hard work blown away by a Katrina, washed away by a tsunami, crumbled by an earthquake, or smashed by terrorists.

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