Is Your Data Backup System Really Working?
We all know that data backup is critical to any financial institution. If the hard drive on one of your critical servers crashed without a proper backup, your institution would suffer a major Business Interruption (BI).
A major BI is not only just a real nuisance. Many businesses that suffer from a major BI never recover due to loss of reputation and people closing accounts.
What would happen if the hard drive in one of your critical servers crashed right now? Do you have a backup system that is REALLY working? Are you sure?
You are probably thinking that you would replace the drive and restore the drive from the backup, right?
What would happen if the backup wasn’t available?
Before you think that this wouldn’t be the case for your organization, consider these facts. There are a whole range of things that could be preventing you from having a reliable backup. Here are just a few causes of data backup system failure:
- People DO forget to change tapes
- People DO insert the wrong tape
- Tapes have a 30% failure rate of the actual tape medium
- Even a small fire in your server room can “take out” your server and the tapes that are stored in the same room
- Localized or city-wide natural disasters (i.e. flooding) can destroy tape backups
For these and other reasons, data backup system failures are widespread!
Make sure your backup system is working reliably.
We have prepared a document that outlines key procedures and a simple checklist that will help you to prevent a major Business Interruption for your financial institution.
Simply put your name and email address into the form below and we will email the document to you right away.
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The Commercial Bank
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State Bank of Cochran
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Flint Community Bank
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Michael Carleton
Herald National Bank, NYC
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Robert Gay
The Bank of Bonifay
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David Reynolds
InsBank
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Charles Knight
United Americas Bank
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Nicole Rinehart
American Pride Bank
