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Cloud Technology Blog for RIAs and Broker-Dealers

Hurricane Season Is Upon Us. Are Your Business Continuity Plans Up To Scratch?

In the wake of Hurricane Sandy a triumvirate of financial services regulators recommended remote access as “an important component of business continuity planning.”

The Atlantic Hurricane Season runs from June 1 to November 30. High winds and flooding regularly threaten the business-critical transport, power and telecommunications networks up and down the Eastern Seaboard, but the many RIAs and Broker-Dealers situated in the North East of the US have tended to avoid the worst of most storms.

That was not to be the case with Hurricane Sandy in 2012. The largest storm on record made landfall on October 29 at Brigantine, New Jersey. Over the next few days she would wreak havoc across New York, New Jersey and much of New England. The headlines were dramatic: 160 lives lost, thousands of homes and business premises destroyed, millions without power for several days, and a total repair estimate of $60 billion.

6/2/15 11:28 AM / by Justin Kapahi posted in Cloud Computing, Disaster Recovery