Disaster Recovery Planning in Banking Sector Introduction On September 11‚ 2001‚ the terrorist attack destroyed the World Trade Center in New York‚ which was the most highly concentrated financial area. This attack not only destroyed the twin towers‚ but also ruined the financial system. Banks located in the World Trade Center went through an unprecedented disaster. The company’s back-up facilities which were too close to the primary facilities were disrupted as the primary facilities. Single
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world‚ technically there exists a difference between the business continuity and disaster recovery in their outlook. Basically‚ business continuity plan is more like acknowledging whereas the disaster planning is ardent. Business continuity includes series of steps and operations performed by the organization to withstand at the time of disaster and also in fact follows the list of disaster recovery plans. Disaster recovery is the process of refurbishing the data and application that moves the business
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Create a Bullet-Proof Disaster Recovery Plan for the Entire Organization Elizabeth M. Ferrarini‚ She is a free-lance writer from Boston‚ Massachusetts. Reach her at iswive@aol.com Minutes after the first of two planes plunged into the World Trade Center ’s Twin Towers on September 11‚ 2001‚ Morgan Stanley Dean Witter‚ Inc.‚ the largest tenant in the World Trade Center‚ declared a disaster and rushed its disaster recovery plan into place with the help of SunGard Recovery Solutions‚ a third-party
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The National Disaster Recovery Framework is a guide that aids in efficient recovery support to the areas which are affected by the disaster. It involves collaborative involvement of the local‚ States‚ Tribes‚ Territorial and local jurisdictions. This Framework provides very accommodating configuration that helps disaster recovery managers to function in an integrated manner. “It also focuses on how best to restore‚ redevelop and revitalize the health‚ social‚ economic‚ natural and environmental fabric
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A natural disaster is the happening of a dangerous hazardous event‚ which can cause damages for the societies (Petrucci‚ 2012). Floods are one of the most common natural disasters over the world and they have occasional devastating influences in developed as well as developing countries (Ahern‚ 2005). Recently the floods increasingly happen over the world in general and specially in Australia. For example‚ a sequence of floods in Queensland in early December 2010 did happen and led to a damage of
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Revision 6/11/2010 2010 DISASTER RECOVERY TEST REPORT AND GAP ANALYSIS The annual disaster recovery test was conducted 5/18‐5/20‚ 2010 at the IBM Schaumberg BCRS facility. This test sets a new watermark for CU*Answers in our disaster recovery and business continuity efforts as it represents the introduction of the new Muskegon‚ Michigan‚ data center into the test’s scope. Muskegon allows for an entirely new way of thinking about our disaster recovery and business continuity planning
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INFORMATION TECHNOLOGY DISASTER RECOVERY AND DATA BACKUP POLICY Table of contents 1.1 Purpose - 6 - 1.2 Mission and Objectives - 7 - 1.3 Scope - 7 - 1.4 Key Plan Assumptions - 7 - 1.5 Disaster Definition - 8 - 1.6 Business Impact Analysis - 8 - 1.6.1 Objectives - 8 - 1.6.2 Applications - 8 - 1.6.3 Application profiles and other Information Assets - 9 - 1.7 Analysis of Policies and Procedures - 10 - 1.8.1 Prioritized Risks - 13 - 1.8.2 Summary - 14 - 1
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Executive Summary 4 PROJECT CHARTER 5 Purpose of the Project 6 MISSION OF THE PROJECT 6 PROJECT DESCRIPTION 6 Roles and Responsibilities: 7 Roles and Responsibilities of Project Teams: 8 REQUIREMENT OF THE PROJECT 8 Project Acceptance Criteria 9 RISKS OF THE PROJECT 9 MILESTONES OF THE PROJECT 9 STAKEHOLDER REGISTER 11 STAKEHOLDER ANALYSIS MATRIX 14 PROJECT MANAGEMENT PLAN 16 PROJECT SCOPE STATEMENT 17 PROJECT SCHEDULE 23 PROJECT COST 25 PROJECT QUALITY MANAGEMENT
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1. Mariner Bugs Out (1962) Cost: $18.5 million Disaster: The Mariner 1 rocket with a space probe headed for Venus diverted from its intended flight path shortly after launch. Mission Control destroyed the rocket 293 seconds after liftoff. Cause: A programmer incorrectly transcribed a handwritten formula into computer code‚ missing a single superscript bar. Without the smoothing function indicated by the bar‚ the software treated normal variations of velocity as if they were serious‚ causing
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China’s 1998 summer floods killed thousands of people‚ affected billions of people across the globe‚ left millions homeless‚ destroyed or damaged millions of homes‚ affected millions acres of land‚ and killed billions of dollars in their economic status. One unfortunate factor that played a huge role in the strengthening of the summer floods that China faced and suffered was human neglect (“Bad Planning”). However‚ one of the many significant factors that are highly crucial in flood control is the world’s
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