2 pages/≈550 words
Module 3 SLP: BUSINESS CONTINUITY AND DISASTER RECOVERY FOR THE BANKING INDUSTRY (Essay Sample)
READ THE ATTACHED INSTRUCTION Module 3 SLP - BUSINESS CONTINUITY AND DISASTER RECOVERY FOR THE BANKING INDUSTRY Assignment: Please write a 2-5 page paper titled: "Business Continuity and Disaster Recovery for ______ (your chosen information system security domain in your chosen organization/industry): Challenges and Solutions" Assignment Expectations: Please address the following issues: 1. Special requirements of business continuity planning and disaster recovery in your chosen information system security domain in your chosen organization/industry if there are any. 2. Two or three major perspectives of business continuity and disaster recovery that you choose to go in depth to discuss. 3. One or two major lessons learned from the example that you'd like to apply in your own business continuity and disaster recovery issue here. 4. Key challenges and solutions of business continuity planning and disaster recovery. Your paper will also be evaluated on the following criteria: - Precision: You carried out the exercise as assigned, or carefully explained the limitations that might have prevented your completing some parts (running out of time isn't generally considered an adequate limitation). - Clarity: Your answers are clear and show your good understanding of the topic. - Breadth and Depth: The scope covered in your paper is directly related to the questions of the assignment and the learning objectives of the module. - Critical thinking: The paper incorporates YOUR reactions, examples, and applications of the material to business that illustrate your reflective judgment and good understanding of the concepts. - Overall quality: Your paper is well written and the references, where needed, are properly cited and listed. source..
BUSINESS CONTINUITY AND DISASTER RECOVERY FOR THE BANKING INDUSTRY
Date of Submission
Business continuity and disaster recovery for the Banking Industry
Business continuity planning and disaster recovery planning are very integral to the well being of a business organization. They are meant to ensure that there will be continuity at the organization in the event of unprecedented and difficult event. It is important to have an unambiguous practice, and essentially a framework that will ensure that solid continuity practices are implemented and maintained within the organization. Disaster recovery procedures are the first major steps in ensuring that there is business continuity after an incident or a disaster. The recovery plan should take into account the maintenance of any secondary facilities or equipments, data backup procedures and techniques, access control for all temporary systems, and the implementation measures for the disaster recovery process (Snedaker, 2011).
It is certain that many of the commercial activities that take place today are entirely dependent on banks. Due to this dependency, banks have taken up some extremely complex business modules and technologies so that they can deliver their services. Some of the technologies that banks currently deploy to meet the needs of their customers include, the sophisticated and interconnected ATM networks, Internet Banking Solutions, Core Banking Solutions and Tele-banking. In maintaining the theme of continuous availability of the services that banks render, banks should put in place some contingency measures and continuity plans to ensure that operation will not be hampered and to mitigate loses in the unfortunate event of severe business interruption (Gibb & Buchanan, 2006).
Some of the perspectives that banks need to take cognizance of to ensure business continuity include the fact that banks need to take into account critical business processes, which include dependencies of such elements as third parties and external vendors, and ascer...
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