Small, Medium Institutions to Benefit from Pandemic Test

Disaster Recovery / Business Continuity

The number of financial institutions signed up for the upcoming nationwide pandemic exercise for the financial services industry is more than 1,200 firms. The exercise, slated to run over a 3 week period beginning on September 24, will allow financial institutions to test their business continuity plans and response to a pandemic. Sponsored by the U.S. Treasury Department, the exercise will be operated by the Financial Services Sector Coordinating Council for Critical Infrastructure Protection and Homeland Security (FSSCC) and the Financial Banking Information Infrastructure Committee (FBIIC).

“In this exercise, firms will be able take this information and actually use their crisis management team, and have the team play through the exercise. Firms can involve the actual people who would likely be involved in a real event,” said Dave Engaldo, a member of the FSSCC leadership team.