ISMG to Unveil Business Impact Analysis Webinar
Summary
Business for many financial institutions was interrupted to the point that they were unable to complete customer transactions long taken for granted – like processing loans or even delivering account activity information.Business for many financial institutions was interrupted to the point that they were unable to complete customer transactions long taken for granted – like processing loans or even delivering account activity information.How much potential revenue could be at stake?A BIA is crucial for that needed readiness, evaluating the consequences that could result from an interruption in core elements of an institution’s infrastructure.The Federal Financial Institutions Examination Council (FFIEC) has even released guidelines stipulating that a BIA must: include a workflow analysis of business functions; identify the potential impact of events; and estimate maximum allowable downtime – all while also considering the impact of legal and regulatory requirements.“Getting BIA right is not to be taken lightly,” says Mike DAgostino, Marketing Manager at Information Security Media Group.A veteran of the banking industry who oversees security for M & T Bank Corporation, Speare reviews updated regulatory requirements and explores how to conduct an effective BIA as well as how to improve business continuity planning through the BIA process.To register for the webinar:http://www.bankinfosecurity.com/webinarsDetails.php?webinarID=95About ISMG: With members representing over 13,000 financial institutions, and regular input from federal banking agency officers and their own board of advisors, ISMG delivers webinars and online training that is focused, timely and -- most important -- useful.