A cost-effective plan to deal with untimely interruption at work can save billions of dollars, lives and disturbances. We will write a custom essay sample on Disaster Recovery Planning or any similar topic specifically for you Do Not Waste HIRE WRITER Due to the amount of money being dealt with and the high demand of services from banking institutions during times of a community disaster, banks must find a way to continue business.
The plan then specifies, in detail, the incident response and recovery activities. In other words, priorities should be set as to what is more important to the organization and what is not. Top management of many companies tend to ignore a disaster as an unlikely event. The RA assesses the likelihood of a disruptive event and outlines its potential severity.
Statement of intent and DR policy statement; Plan goals; Authentication tools, such as passwords; Geographical risks and factors; Tips for dealing with media; Financial and legal information and action steps; and Plan history.
Some alternative ways of continuing business are storing all the critical applications in either a hot site, warm Disaster recovery planning essay, or cold site.
The telephone systems stood non-functional within minutes of breaking of fire.
By testing the plan, you can also get an idea of how long it will take for the bank to recover from a disaster and resume business activity. Two thousand employees of the bank had to be moved out the building immediately and relocated to another place as soon as possible to start recovery of business.
This step-by-step plan consists of the precautions to minimize the effects of a disaster so the organization can continue to operate or quickly resume mission-critical functions. Developing a plan for recovering a network gets more complicated as the complexity of the network increases.
However, being so highly dependent on technology can cause banks to suffer at a time of disaster and is the reason why they should be well prepared for it so they can minimize the damage. Preparing for the Unthinkable, 3rd Edition. Because of the importance of a constant business flow for banks, electronic vaulting has become a more popularly used method.
The RA identifies threats and vulnerabilities that could disrupt the operation of systems and processes highlighted in the BIA. Although, First Interstate bank was saved from the brutality of life loss, yet it had to incur a lot of destitution of data and property at the data center.
The plan should define the roles and responsibilities of disaster recovery team members and outline the criteria to launch the plan into action. Following are few examples: There are several steps and matters that must be looked into in the disaster recovery planning process.
A warm site is a facility that is already stocked with all the hardware that it takes to create a reasonable duplicate of the primary data center. Electronic vaulting is the electronic transfer of data to a backup site. The BIA identifies the impacts of disruptive events and is the starting point for identifying risk within the context of disaster recovery.
Backup data being loaded onto the standby equipment is the only thing that needs to be done. Scope and objectives of DR planning A disaster recovery plan can range in scope from basic to comprehensive. As you can see, there is much more to disaster recovery planning than simply selecting an offsite location.
Use of Anti-virus software 9. If disaster occurs, there is no wasted time in making a decision on what should be done.
The only way to ensure perfection is by practicing. Over a period of two years, professionals worked closely with each other and employed specialized tools and applications to ensure security of data in case of disasters. This paper critically examines the extent of damaged caused, recovery from fire and effective planning behind it.
This type of plan focuses exclusively on the data center facility and infrastructure. An operational risk assessment is a key element in data center DR planning, and it analyzes key components such as building location, power systems and protection, security and office space.
While it is more expensive to invest in electronic vaulting, the money may be well worth it if business is not put to a halt upon the strike of disaster. Anything that may pose as a threat to disrupting their business should be addressed and an effort should be made to try and prevent or minimize any damage that could be incurred.Disaster Recovery And Incident Response Management Information Technology Essay.
Print Reference this Most large companies spend between 2% and 4% of their IT budget on disaster recovery planning; this is intended to avoid larger losses. If you are the original writer of this essay and no longer wish to have the essay published on the.
Essay about Disaster Recovery; Disaster Recovery Planning Essay Words | 6 Pages. Introduction Disaster Recovery Planning is the critical factor that can prevent headaches or nightmares experienced by an organization in times of disaster.
Having a disaster recovery plan marks the difference between organizations that can.
Table of Contents Introduction 2 Key terms 2 What is the difference between disaster recovery and business continuity planning? 2 The Need for Business Continuity/Disaster Recovery Planning and Management 3 The Phases of Business Continuity and Disaster Recovery Planning, Implementation, and Management 3 Types of Plans 3 Typical.
Essay on Contingency Plans Related to Disaster Recovery. In regards to contingency planning, there are two key definitions. A contingency plan itself is “A plan used by an organization or business unit to respond to a specific systems failure.
Disaster recovery planning can best be defined as an organization’s procedures for continuing operations in the event of the destruction of program and data files, as well as processing capability. In the case of any disaster or incident that causes a stop in the continuing work, businesses must be prepared with a business continuity plan, [ ].
I explore business continuity planning and disaster recovery planning and its importance in support of operation and establish to manage availability of.Download