Security warnings prompt BC action
NEW YORK – Far more effectively than any disaster recovery drill, the alarming terrorist warnings in early August from the Bush administration have jolted some securities firms into action and underscored for others the absolute necessity for creating and testing recovery and continuity plans.
Intelligence retrieved, and later relayed to the media, indicated that Al Qaeda has set its sights on: the New York Stock Exchange (NYSE); Citigroup buildings in Manhattan and Long Island City, Queens; Prudential Financial in Newark, New Jersey; the International Monetary Fund (IMF) and the World Bank in Washington, DC; and the Bank of America building in San Francisco.
Industry consensus seems to be that the global trading technology infrastructure is, in many ways, more secure than it was on
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