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Chapter 25: The Role of the IT Departmen... > 25.5 Business Continuity Planning

25.5 BUSINESS CONTINUITY PLANNING

25.5.1 Introduction

Business continuity plans are concerned with ensuring that the firm is able to recover from an emergency such as utility disruptions, software failures and hardware failures – some of the key operational risk events defined in Basel II.

Disaster recovery is the process of regaining access to the data, hardware and software necessary to resume critical business operations after a natural or human-induced disaster. A disaster recovery plan (DRP) should also include plans for coping with the unexpected or sudden loss of key personnel. DRP is part of a larger process known as business continuity planning (BCP).

A “disaster” could be any one or more of the following kinds of events, ranked by increasing severity:


  

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