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We know all about power outages at home—make sure you have a flashlight with extra batteries, keep some non-perishable food items on hand, and have a backup plan for charging your phone. But what about power outages at your bank? Are you prepared for the potential consequences of losing power in your financial institution? In […]
Category Archives: Business Continuity
04
Apr
Apr
With growing global uncertainty and the fast-paced evolution of digital threats, your bank’s business continuity planning (BCP) has never been more critical. From protecting sensitive financial data to ensuring operational resilience, every detail of your continuity framework matters. Why Be Concerned With Your Bank’s Business Continuity? What would your clients do if a cyberattack shut […]
Business Continuity
Valuable Components for Your Bank’s Business Continuity and Disaster Recovery Plan
28
Sep
Sep
The COVID-19 pandemic tested how prepared organizations were for the unexpected. Even before the pandemic, organizations needed to be ready for any number of potential disasters, both natural and man-made. The best way for community banks to address and manage unforeseen risks is to create a comprehensive business continuity and disaster recovery (BCDR) plan. This […]
(Tech) Business Continuity, Business Continuity, Cybersecurity
5 Ways Your Community Bank Can Be Threat Ready
25
Aug
Aug
What does it mean to be “threat ready” in an industry as sensitive as banking? The term is tossed around a lot. But what does that look like for your institution? In simple terms, being threat ready means having the right technology, trained staff, and proactive strategies in place to protect your bank’s assets from […]
Banking, Business Continuity
Who is Responsible for the Success of Your Banks Continuity Plan: Roles and Responsibilities
27
Jul
Jul
In the dynamic and unpredictable world of banking, having a robust continuity plan is crucial for maintaining operations during times of crisis. Whether it’s a natural disaster, a cybersecurity breach, or a global pandemic, banks must be prepared to withstand disruptions and continue providing essential financial services to their customers. However, the success of a […]
Banking, Business Continuity
Data Incident Response Guide: What to Do if Your Financial Institution Experiences a Data Incident
19
Apr
Apr
Your cybersecurity nightmare has happened and your data is in the hands of criminals. Now what? You want to fix the problem as soon as you can, avoid expensive downtime, and protect your customers’ private data. How you respond to a data incident is critical. Your response time, communication practices, and remediation strategy will have […]
31
Aug
Aug
A report from 2021 showed that 51% of SMBs aren’t prepared with a continuity plan to respond in the event of a disaster. A well-designed disaster recovery plan will help you minimize the impact of an interruption to your business operations. It should identify the essential functions of your company and provide a step-by-step guide […]
03
Aug
Aug
Although technology has made processes easier and more efficient for businesses, it also faces constant threats and potential disruptions. Over 60% of surveyed respondents reported that their company experienced continuity issues over the last few years. Natural disasters can damage hardware and network connectivity, while cyber attacks lead to data breaches and compromised information, both […]
Business Continuity, Business Intelligence, Business Value, Compliance, Cybersecurity
IT Compliance: Which Mandates Apply to Your Business?
04
Feb
Feb
Every business is different, and as a result, each one is subject to different compliance mandates. Depending on your industry, there may be a variety of IT compliance standards that you are required to meet. In this blog post, we will outline the most common compliance regulations and discuss how your business can become compliant. […]
(Tech) Business Continuity, Business, Business Continuity, Cybersecurity, Security
The pitfalls of business continuity planning
28
Oct
Oct
If you have been using the same business continuity plan (BCP) for years, your organization may be in trouble. BCPs should continuously be updated so you avoid overlooking or underestimating certain issues. Not updating your BCP is just one mistake that can harm your business. Here are a few more you should avoid. Over-optimistic testing […]
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