Telecommunications resiliency best practices for financial institutions

BITS, a nonprofit consortium of 100 of the largest financial institutions in the US, has published a best practices guide to help financial institutions achieve diverse and resilient telecommunications services. The BITS Guide to Business-Critical Telecommunications Services aims to advance the resiliency of telecommunications services used by the financial services industry.

Since 9/11, the CEOs of BITS member companies have collaborated extensively with the telecommunications industry to examine and address critical interdependencies between the two sectors. Experts from the nation’s leading financial institutions worked with telecommunications companies and government agencies to draft the BITS Guide to Business-Critical Telecommunications Services.

Written for business managers, continuity planners and other risk managers, the BITS Guide helps companies analyse risks, conduct due diligence, contract for telecommunications services and integrate evolving regulatory requirements into their business continuity plans. Each section of the document begins with a set of questions. The questions provide a starting point for a rigorous examination of a financial institution’s business continuity strategy for meeting its telecommunications needs.

Download the guide at http://www.bitsinfo.org/bitstelecomguide.pdf

•Date: 3rd Dec 2004 • Region: N.America•Type: Article •Topic: Telecoms continuity
Rate this article or make a comment - click here