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3 Things You Can't Put Off On World Backup Day
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Byurcan
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Byurcan,
User Rank: Author
4/2/2014 | 9:06:13 PM
re: 3 Things You Can't Put Off On World Backup Day
Testing is obviously very important. Without good testing, you'll never know if your wonderful backup plans will stand up to a real-life disaster.
IvySchmerken
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IvySchmerken,
User Rank: Author
3/31/2014 | 8:27:37 PM
re: 3 Things You Can't Put Off On World Backup Day
The SEC has also proposed Reg SCI which includes policies and procedures for DR plans and backup systems. This would pertain to brokers, exchanges and clearance and settlement firms.
Jonathan_Camhi
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Jonathan_Camhi,
User Rank: Author
3/31/2014 | 8:01:38 PM
re: 3 Things You Can't Put Off On World Backup Day
There are probably some best practices that can be learned from banks in other countries that have more extreme weather regarding how they back up their data.
Becca L
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Becca L,
User Rank: Author
3/31/2014 | 6:55:53 PM
re: 3 Things You Can't Put Off On World Backup Day
Regulator pressures would certainly be helpful in putting more focus on this issue. And with more global extreme weather, it's definitely important for firms to take a hard look at the systems they rely on for daily essential functions.
Jonathan_Camhi
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Jonathan_Camhi,
User Rank: Author
3/31/2014 | 6:17:33 PM
re: 3 Things You Can't Put Off On World Backup Day
Regulators have also been looking into banks' DR plans for the last couple of years and putting more significance on this area. I'm not sure if that is a byproduct of Hurricane Sandy or not. But definitely an area that is more important than ever for banks, and a good reason for them to participate in World Backup Day.


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