Watch the Full Webinar Presentation!
Marc Capobianco, EVP of FinTech at Thrive, John Stiles, Founder & CEO of C/Bridge Strategic Advisors and Michael Dale, CFO at Eastward Capital Partners discuss how financial firms need to review and update their business continuity plans to comply with regulators expectations.
- Does the firm have policies, procedures, guidance or other information tailored to address the continuity of business operations during a pandemic?
- Has your firm activated its BCP in response to COVID-19?
- Does your firm’s BCP address the resiliency practices of third-party vendors, service providers and partners?
- How has your firm addressed cyber security policies and procedures regarding employee remote access?
- Does your firm have any specific limitations in its ability to operate critical systems and operations during the pandemic?
Fill out the form to get instant access to our on-demand webinar.
There is nothing any business fears more than a complete collapse of its IT systems. The financial cost of such an outage can be great, and additionally retrieving the data and rebuilding the system into its former state is often an extremely time consuming and logistically complex proposition. Businesses have literally gone under due to such IT issues, and although this is something that many companies dread, often SMEs don’t have sufficient provisions in place to provide effective disaster recovery.
It is a basic facet of human psychology that we often assume that the best case scenario will occur, and nothing fundamentally will go wrong. This tendency is amplified in the case of disaster recovery, where providing satisfactory backup for a business can involve a certain financial outlay.