More prudence and timely corrective actions would benefit the financial institutions in this regard to avoid any functional, financial or reputational repercussions. Business Continuity and Disaster Recovery Management A robust and time-tested Business Continuity’ and ‘Disaster Recovery’ Management plan has also become a necessity and need of the hour due to work-processes’ dependency on IT.
The plan should not only be a ‘good plan’ on paper, but one that can be implemented in real life scenario as well with practical ease.