Before the Panic
WATERS SOAPBOX
Statistically, those are the most common disasters and are usually easily dealt with. Recently, however, rare events have been popping up over and over again—multiple Category 5 hurricanes and the impending avian flu pandemic, for example—and these catastrophes beg the very important question: How are financial services firms preparing to combat these challenges?
In an interagency white paper written a couple years back, the authors suggested that firms should base their backup sites about 300
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