As communities across the U.S. struggle to recover from what has been one of the most expensive and devastating years for natural disasters in recent history, financial institutions, too, have their work cut out for them. This month’s RIB considers all aspects of a financial institution’s resilience through natural disasters.
We review various areas often overlooked, the impact these oversights can have on an institution and the ways in an institution can mitigate risks in these areas, strengthening systems and processes to create a truly encompassing business continuity plan. With a large focus on cyber resilience, we explore ways to ensure data protection to safeguard your most critical asset. We also examine how an institution can support its community through a disaster, citing recommendations from the regulators themselves. Our hands-on tips and actionable intelligence makes sure you are asking the right questions to guarantee necessary planning.