Keeping data secure is the greatest challenge during any merger or acquisition, and the first critical step is figuring out which confidential information could be at risk of exposure.
Banks need to take a proactive approach toward improving their business continuity planning, and that includes updating services and evaluating business-impact assessments, says Donald Saxinger of the FDIC.
Recent hacks have uncovered security vulnerabilities that should have been addressed years ago. "These attacks are going to escalate," says Josh Corman of The 451 Group. But organizations can implement basic steps to make the hackers' job harder.
FDIC examiner Donald Saxinger says cloud computing can pose challenges when it comes to business continuity during disasters. Proactive vendor management, he says, is the best way to address potential hiccups before they become big problems.
Despite improvement in organizations' abilities to plan for and predict disasters, they still lack an effective response. In fact, the biggest gap in business continuity today is understanding, says Lyndon Bird, director at the Business Continuity Institute.
One of the unexpected impacts of the global economic crisis is that many organizations have lost their business resiliency, says Lyndon Bird, director of The Business Continuity Institute, headquartered in the U.K.
While Japan's nuclear emergency puts local citizens at risk, there is much that organizations globally can learn from the crisis. "I hope that all of us look at this and ask 'What can I do to be better prepared?'" says Regina Phelps, disaster recovery expert.
In the wake of Japan's devastating earthquake and subsequent tsunami, business continuity plans are being tested, and organizations must prepare for aftershocks of all kinds.
"In a natural disaster of this impact, you do not think of saving an organization first, but you think of securing the people stranded there," says AnneMarie Staley, director of global business continuity management at the New York Stock Exchange.
A roundup of this week's top news: Hackers target RSA's SecurID products. Also, Japan's nuclear crisis: What do you need to know? Plus: New Health Net breach may be biggest ever.
Global banking institutions can learn from Japan's disaster planning and response. And a sophisticated cyberattack is launched against RSA, targeting the security unit of EMC's SecurID two-factor authentication products.
Disaster recovery expert Regina Phelps says Japan's nuclear emergency puts local citizens at risk, but organizations globally can learn from the crisis. "I hope that all of us look at this and ask, 'What can I do to be better prepared?'"
Lengthy downtime, data losses, and security breaches can harm business results, bringing business to a halt: stopping the flow of orders, reducing sales revenue, and interfering with the supply chain. These downtimes could potentially impact a company's ability to compete with other organizations that were unaffected,...
In the initial wake of Japan's devastating earthquake and subsequent tsunami, business continuity plans have been tested, and organizations now are dealing with severe aftershocks and a growing national crisis, says Alan Berman, executive director of DRI International.
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