It seems that disasters are happening almost weekly. From weather-related crises to terrorist attacks to out-of-control wildfires, the ability to maintain operations and to recover smoothly has become increasingly vital. Business Continuity and Disaster Recover encompasses your institution’s people, processes, and technology. Doesn’t it make sense to engage professionals with expertise in the financial arena and a profound understanding of technology? AaSys Group can help simplify a complex process and build a plan that meet’s your institution’s size complexity.
The heart of any plan is the Business Impact Analysis. Identifying critical activities and documenting resources required to continue operations are the starting point for plan development. By identifying contingencies to be followed if impacted by an event, the goal of continuous operations can be better met. Identification of critical services is specific to each financial institution and contingency plans must be customized to meet each institution.
Recovery Time Objectives (RTO) and Recovery Point Objectives (RPO) are central to operational resiliency. How long before a loss of data has a critical impact (RPO)? What is the planned recovery time for a process (RTO)? How long before a loss of services begins to cause a significant impact on the institution? (Maximum Tolerable Downtime (MTD)?
What is the potential impact as well as the probability of an incident occurring? This risk-based approach helps organizations identify which disasters would be more catastrophic, enabling them to devote more resources to maintain resiliency.
Testing of the Business Continuity Plan is as important as having a robust plan.
AaSys Group designs customized Tabletop testing and will lead your BCP Committee through the testing process. Creating testing scenarios, identifying offsite resources, discussing each member’s roles, and proctoring discussions are all components of a sound testing process. AaSys Group can also participate in onsite testing. The customized testing plan will include overall recommendations following the actual test. These recommendations can be used as the institution continuously assesses and improves resiliency.
Training of employees is critical to the success of the program. Likewise, the Business Continuity Plan is meant to be a dynamic process, whereby the institution is continually improving and hardening its processes. AaSys Group brings hands-on experience in improving the planning process.
While no one wants a disaster to happen, all of us want to feel secure that if we are impacted our institution will be able to recover. AaSys Group can provide guidance that allows peace of mind to continued operational resiliency.