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2013 Financial Services Availability Benchmark Study results

Continuity Software has released finance-sector specific results from its recent business continuity benchmarking study.

The 2013 Financial Services Availability Benchmark Study reveals that while financial services organizations are obligated to establish and report stringent service availability objectives for mission-critical systems, they are actually among the worst performing in regards to meeting these goals. In fact, 41 percent of those surveyed acknowledged that they did not meet their service availability goals for mission-critical systems in 2012.

Other findings included:

  • 89 percent of financial service organizations have an availability goal of >99.76 percent (less than 22 hours of downtime a year); 67 percent have a goal of >99.91 percent (less than eight hours); and 25 percent have a goal of 99.99 percent (less than one hour).
  • 41 percent conduct complete disaster recovery tests at least annually; 26 percent don't ever conduct a complete test.
  • 73 percent run mission-critical applications in a private cloud environment; 30% run mission-critical applications in the public cloud.
  • 37 percent do not have any process in place to test reliability of private cloud systems.

Full copies of the 2013 Financial Services Availability Benchmark study can be found here.

•Date: 8th May 2013 • World •Type: Article • Topic: Financial sector BC

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