From DCS Planning’s partner CoreXchange Colocation Services:
CoreXchange deeply admires companies like DCS Planning that provide well-crafted solutions that protect businesses and organizations from painful and deeply damaging data loss.
Every company should have thoughtful, thorough business continuity and disaster recovery plans like the ones offered by DCS Planning. Every company needs to invest in risk assessment and a business impact analyses — again, just like the services offered by DCS Planning.
But every expertly crafted disaster recovery and business continuity plan needs to be built upon a cutting-edge, fault-tolerant network infrastructure that’s ready to withstand the digital age’s most nefarious elements.
Colocation provides a multitude of elements — including hardened space, highly managed environmentals, power & cooling, physical security, and connectivity to telecommunications and network service providers — to better protect and manage companies’ servers and networking equipment.
For example, CoreXchange’s data centers are supported by state-of-the-art power systems featuring redundant 1.5 MQ generators and four 500-ton chillers. This nearly eliminates the possibility of electrical downtime and gives us tight control over the internal environment. We also leave no stone unturned when it comes to security: Our center includes perimeter fencing, 24/7staffed check-in station with mantrap, and internal and external video surveillance.
Colocation with CoreXchange along with a solid plan from DCS Planning can be the bedrock on which your company’s data security, viability and peace of mind rests.
Yes, for the next year or two your bank examiner may make the mistake of crediting you for exercising your disaster plan when you documented an actual crisis but let’s take a step back and think about this before we consider it a “win”.
Experiencing a crisis or disruption does not meet the standard for exercising your plan and should not be adequate to count as testing your plan for many reasons. Including:
- Under best practice continuity management guidelines it is clear that establishing and testing an exercise program is not the same as documenting events that threaten or impact the business. These are two separate best practices.
- FFIEC examination guidelines state “The board and senior management should establish a testing program appropriate for the size, complexity, and risk profile of the organization and its business lines”. Passively experiencing crisis does not demonstrate a testing program has been established and, no matter what the extent of the crisis, will it be appropriate for the size, complexity and risk profile of the organization. In fact, it may be counter productive and make you look unprepared because you didn’t plan a test.
- Community banks are likely to have experienced 6-12 crises in a year. What makes this one particularly meaningful? Did you document the other ones? What are your standards for documentation?
- Test objectives were not set or met (no, “survival” does not count) and only one part of your response plan was tested. The “test” was not comprehensive.
- Since you weren’t planning to experience this problem, exercise controls were not in place when you had it. You can only manage what you measure.
- Hypothetically, would you consider going to the emergency room because you thought you might be having a heart attack to be an indicator for your ability to deal with stress? Technically the answer is “Yes”. However, that’s certainly no way to live and if this is your common practice then it indicates you don’t really have a good plan for your health. The same is true for your organization. Why have a heart attack to wait to check and see if your blood pressure is too high? It’s easier to use a blood pressure cuff and check your heart rate.
Let’s speak the truth: This is not the attitude of a healthy, mature business and will not, for much longer, meet requirements for safety and soundness.
Now, before you get frustrated, I realize you don’t want to do continuity management this way. You have a LOT on your plate that you’d rather be getting to (call reports anyone?) and you’re just not sure where to get started. So, DCS has set up some fantastic tools to make planning exercising EASY for you! Get excited now and bookmark this for future reference! First, go ahead and log that problem you had on our FREE Crisis Event Log. It’s got a couple of brief questions to help you get down the information you need to learn from and properly document the problem.
Next, use our FREE Strategic Road Map to get an idea about what a good, well-rounded financial institution can do on to build operational strength. NO, you don’t have to do that big fail-over test right away. We actually recommend against it. Start drilling the little things first. Can you guarantee that you can contact everyone when they’re not at work? Try your call tree out and write down what happens. That’s a great test!
Another quick tip is to see what your IT provider is doing to test regularly. We often find out the IT department regularly tests failover procedures but rarely documents it adequately for oversight or examination requirements. All you have to do is start documenting! It’s easy! You can do that!
We have also started a new product line: DIY Turnkey Continuity. We’re building very strong key kits for your continuity tool case at affordable prices. We’ve started with a data breach kit and will be releasing an exercise kit before the end of the summer. For our BOL friends, we are looking for pilot users to test these at a discounted rate! Private message me if you’re interested. Also let me know what other kits you’re interested in. Pandemic, social media and vendor management are on our list for 2013.
I hope these ideas help out. We realize you are doing everything you can to keep compliant and the business moving in a positive direction. Please let us know what else we can do to make your job easier!