UK disaster response too reliant on IT
LONDON – A survey published in mid-December on the UK financial sector's ability to cope with major operational disruption revealed a need to move away from IT-based disaster recovery plans. The survey was conducted by the UK Tripartite Authorities, which comprise HM Treasury, the Financial Services Authority (FSA) and the Bank of England.
According to an FSA spokesperson: "There is evidence of strong, but heavily IT-focused, disaster recovery approaches but there is a need to move towards the adoption of more rounded business continuity principles. For example, firms could strengthen their arrangements by collaborating with key third parties such as infrastructure providers and service suppliers to bring about more coordinated planning, testing and risk mitigation."
Another cause for concern from the survey findings was the
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