BankInfoSecurity.com Announces Business Continuity Planning Online WorkshopBankInfoSecurity.com Announces Business Continuity Planning Online Workshop As part of the Interagency Guidelines Establishing Information Security Standards as per the GLBA act of 2001, one of the required compensating controls that banks must have is a comprehensive business continuity plan.
Princeton, NJ (BankInfoSecurity.com) September 26, 2006 – In March of 2003 the FFIEC published the Business Continuity Planning Book as part of the I.T. Examination Handbook series. It outlines the examiner’s shift in policy that most banks need to 1. Develop Business Continuity Plans as opposed to plain Disaster Recovery Plans and 2. Develop these Business Continuity Plans utilizing a Risk Management Methodology, which is consistent with the Risk Management Model utilized in other management areas of the bank.
A review of an organization’s Business Continuity Program is part of ongoing regulatory examinations from the Federal Deposit Insurance Corporation (FDIC), the Office of Comptroller of Currency (OCC), the Federal Reserve, the Office of Thrift Supervision (OTS) and the National Credit Union Administration (NCUA).
This online workshop will provide an overview of the FFIEC’s proposed best practices, putting into context what banks have historically done vs. what regulators post Katrina requirements are. More importantly, this workshop will focus on completing an actual FFIEC compliant template, with a particular focus on the risk assessment areas witch prove difficult for most small community banks.
For additional information about the BankInfoSecurity.com Business Continuity Planning Online Workshop, please visit: https://www.bankinfosecurity.com/workshop_bcdr.php.