A disaster waiting to happen

Despite the threat of increased terrorist attacks and war with Iraq, financial institutions are still struggling to find the funds to invest in appropriate business continuity plans.

The tragedy of September 11 relayed a brutal message to financial firms: business continuity planning (BCP) and disaster recovery (DR) are crucial in today’s society. The threat of war with Iraq has only served to underline this message. As Markus Siivola, technology analyst at analysts Datamonitor, says: “Living with the likelihood of a terrorist attack has triggered awareness at board level of the need to understand and invest in businesses continuity planning and disaster recovery. And

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