Federal regulators require institutions to maintain Emergency Preparedness Plans, such as Business Continuity, Disaster Recovery, and Pandemic Preparedness. These plans ensure continuity of the institution in the unlikely event a significant incident or disaster occurs. The consequences to a financial institution can be severe if proper disaster recovery and business continuity planning does not occur and continuity of business fails. In fact, many significant business continuity risks are connected directly to disasters originating from cybersecurity threats. Building a valuable, comprehensive Business Continuity Management (BCM) Plan is no small task, and the Plan must take a holistic view of the institution and involve representation from all functional units of the organization. So, where do you start, and how do you build a BCMP that will be valuable to the institution?
What You’ll Learn
- In this session, we’ll highlight how to build a BCMP in 4 steps:
- Start with your Risk Assessment – the Business Impact Analysis
- Build your Business Continuity Management Plan documentation
- Test your BCMP via Tabletop Walkthroughs to improve your processes
- Functional Business Continuity/Disaster Recover Testing to ensure your recoverability
Who Should Attend
Those involved in developing, maintaining, and testing the institution’s business continuity plan.