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Busness Impact

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Submitted By brown534brown534
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Business Impact Analysis

In the lesson assignment this week I choose to write about the impact on a ‘Bank” and the information that should be protected to protect many different types of information and all those involved. A bank has many customers, members, employees and directors they have a responsibility to. I have listed several very important things in the following. 1. Data back-up and recovery 2. All mission critical systems 3. Financial and operational assessments 4. Alternate communications between customers and the member 5. Alternate communications between the members and its employees 6. Alternate physical location of employees 7. Critical business constituent, bank, and counter-party 8. Regulatory reporting 9. Communications with regulators 10. How well the firm will assure customers prompt access to their Funds and Securities in the event the member determines it is unable to continue its Business
I would have a BCP that adapted to all changes to protect and enable the member to protect all the customers information and confidentially.
My BCP plan would address: data backup and recovery: all mission critical systems; financial and operational assessments; alternative communications with customers, employees, and regulators; alternative physical location of employees; critical supplier, contractor, bank and counter-party impact; regulatory reporting; and assuring our customers prompt access to their funds and securities if we are unable to continue our business.

Reference: http://www.investopedia.com/terms/e/enron.asp
Graham, Julia. (02/2015). A Risk Management Approach to Business Continuity: Aligning Business Continuity and Corporate Governance, 1st Edition. [VitalSource Bookshelf Online]. Retrieved from

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