Establishing a Plan for Business Continuity and Disaster Recovery

Risk Response: Establishing a Plan for Business Continuity and Disaster Recovery

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Financial institutions (FIs) continue to rely on technology service providers (TSPs) to provide or enable banking functions. In response to this move, the FDIC has created guidance to more-clearly supervise FI contracts with TSPs as they relate to business continuity planning, as well as responding to and reporting on cybersecurity incidents. In response to the guidance released in Technology Service Provider Contracts with FDIC-Supervised Institutions, A-LIGN President, Gene Geiger, is conducting an informative webinar that covers business continuity and disaster recovery. He will discuss how to develop a business continuity plan, the guidelines established for incident response programs, and the risk management responsibilities that FIs must assume.

Join Gene as he covers the following topics:

  • Results of the FDIC’s evaluation of the relationship between FIs and TSPs
  • Guidance requirements set by the FDIC regarding FIs and TSPs
  • Overview of how to implement these changes