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Case Study: Bank Solutions Disaster Recovery and Business Continuity

   

Added on  2019-09-30

8 Pages1462 Words312 Views
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[TYPE THE COMPANY NAME]Case: Bank SolutionsDisaster Recovery andBusiness Continuity: ACase Study for CSIA 485[Type the document subtitle]Student[Pick the date][Type the abstract of the document here. The abstract is typically a short summary of the contents of the document. Type the abstract of the document here. The abstract is typically a short summary of the contents of the document.]
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Case study 1Step 1: Describe the key issues/challenges/risks from this case study.AnswerWhen the disaster recovery or the business continuity is started, there are various problems that are faced in its implementation and the people have to make several plans for helping the companies and for executing the processes successfully.The key issues/challenges/risks from this case study are:Within the strategy of the disaster recovery, there has to be a recovery strategy that has to be considered for the alternate processing. The Hot-Site plan discussed in the plan and the alternatives are also discussed in case the primary location is not available for providing the services related to the recovery of the disasters for various system environments. Also, one more issue needs to be addressed within the strategy of disaster recovery for ensuring that the company is taking all the required and reasonable measures for identifying and mitigating the potential risks that are there within the processing environment (Sadgrove, 2016). Avoiding risk is an essential and important element in the process of disaster recovery.The BCP’s include elements of life safety, technology recoverability, and risk, etc. that are both internal to the firm and it is external to the clients. These plans are made so that the consumers can access their funds in a prompt manner during the business disruptions. The company can face problems like the isolated technology problem, regional issues like the hurricane, etc.
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Case study 2Step 2: Based on the information provided in the case study, describe and document the recommended security strategy to mitigate the issues/challenges identified.AnswerFor an effective plan, many steps need to be followed, and if they are not laid down properly, many risks can be faced by the companies and create problems in the future.The steps include:Development of the BCP on the enterprise-wide level and giving the objectives of the business and the critical operations a priority that is very essential for the recovery.The plan of BCP has o include resumption, recovery, and maintenance of the various aspects of the business (Furfaro, 2016). It should not just limit itself to the recovery of the components of technology.The role of the institution in the financial markets needs to be integrated.The BCP must be updated regularly as per the changes in the processes of business, the recommendations of the audit and the lessons that are learned from the testing.A cyclical and process oriented approach will be adopted that will contain the business impact analysis, assessment of the risk, management, mentoring and the testing too.All the factors have to be considered, and then the ‘crisis' needs to be decided.
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