The Texas Independent Banker - May/June 2017 - 40

Part 1: What Drrives a Good Dissaster
Reco
overry Soluttion
Two overriding factors should drive your bank's technology
DR/BCP choice: your bank's

1

Business strategy

and

2

Risk tolerance.

Obviously, money is another key factor for any business. But it's your
business strategy and risk tolerance levels that should drive how you
will remain productive and service your customers in the event of a
disaster. We have found that a good Business Impact Analysis will
help determine the level of need and what is appropriate to spend.

Generally speaking, an effective business impact
analysis contains two central elements:

1

A list of all relevant technology-dependent systems
within an organization.

2

A realistic ranking in terms of importance to your
business goals/strategy, and in terms of disruption
to your customers' experience.

With these two central elements listed and prioritized, your bank can
make an educated decision regarding two important DR/BCP factors:
Recoverry Tim
me Objectivve (RTO) - the amount of time your
institution and its customers are willing to wait until your technology
and data infrastructure (system) is back up and running at a normal
level of functionality. [Hint: Your bank's business strategy should be
helpful here.]

RTOs and RPOs are usually measured in
terms of business hours, and generally, the
cost of your DR/BCP solution increases as
your RTO and RPO decreases. Additionally,
a bank might have different RTOs and RPOs
for various systems within the bank.
In evaluating these two factors, it is vital
to consider how much money your bank
stands to lose in employee productivity and
customer attrition. With customers, how well
your bank recovers after a disaster affects
its reputation. For instance, if your branches
are dispersed, how much tolerance does a
customer banking at a branch under clear
skies have when the central branch is down
due to bad weather?

Thhese are thhe typess
of questtionns that a
goo
od Buusinnesss Impacct
Anaalyysiss will help yo
ou
evaaluuatee to arrrive at
yo
our bannk'ss prioritiees
wheen chhoo
osinng ann
effeectivee annd senssible
disaasterr reccovvery and//
or businnesss continnuity
soluution.

Recoverry Point Obj
bjectivve (RPO) - the amount of data loss your
institution is willing to sustain (i.e., how time-dispersed your data
backups are). [Hint: Your bank's risk tolerance levels are key.]

Exceptional IT. Real People. Bigger Purpose. | www.CalTech.com | 877-223-6401

852142_CalTech_eOUT.indd 2

07/03/17 6:59 pm


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Table of Contents for the Digital Edition of The Texas Independent Banker - May/June 2017

Up Front CHRISTOPHER L. WILLISTON, CAE
General Counsel’s Corner KAREN M. NEELEY
Services Spotlight JOE KIM KING
The Compliance Guy KELLY GOULART, CRCM CAMS CIA
News
Leadership Conference Preview
Gap Management: An Idea Whose Time Has Gone LESTER MURRAY
IBAT 2017 Regional Meeting Tour CHRISTOPHER L. WILLISTON VI, CAE
In an Uncertain World, Look for the Silver Lining MARK ROE
Farewell from Mae Beth
People
Calendars
New Members
Index of Advertisers
Communities
The Texas Independent Banker - May/June 2017 - cover1
The Texas Independent Banker - May/June 2017 - cover2
The Texas Independent Banker - May/June 2017 - 3
The Texas Independent Banker - May/June 2017 - 4
The Texas Independent Banker - May/June 2017 - 5
The Texas Independent Banker - May/June 2017 - Up Front CHRISTOPHER L. WILLISTON, CAE
The Texas Independent Banker - May/June 2017 - 7
The Texas Independent Banker - May/June 2017 - General Counsel’s Corner KAREN M. NEELEY
The Texas Independent Banker - May/June 2017 - 9
The Texas Independent Banker - May/June 2017 - Services Spotlight JOE KIM KING
The Texas Independent Banker - May/June 2017 - 11
The Texas Independent Banker - May/June 2017 - 12
The Texas Independent Banker - May/June 2017 - The Compliance Guy KELLY GOULART, CRCM CAMS CIA
The Texas Independent Banker - May/June 2017 - 14
The Texas Independent Banker - May/June 2017 - News
The Texas Independent Banker - May/June 2017 - Leadership Conference Preview
The Texas Independent Banker - May/June 2017 - 17
The Texas Independent Banker - May/June 2017 - 18
The Texas Independent Banker - May/June 2017 - Gap Management: An Idea Whose Time Has Gone LESTER MURRAY
The Texas Independent Banker - May/June 2017 - 20
The Texas Independent Banker - May/June 2017 - 21
The Texas Independent Banker - May/June 2017 - IBAT 2017 Regional Meeting Tour CHRISTOPHER L. WILLISTON VI, CAE
The Texas Independent Banker - May/June 2017 - 23
The Texas Independent Banker - May/June 2017 - 24
The Texas Independent Banker - May/June 2017 - 25
The Texas Independent Banker - May/June 2017 - In an Uncertain World, Look for the Silver Lining MARK ROE
The Texas Independent Banker - May/June 2017 - 27
The Texas Independent Banker - May/June 2017 - 28
The Texas Independent Banker - May/June 2017 - Farewell from Mae Beth
The Texas Independent Banker - May/June 2017 - People
The Texas Independent Banker - May/June 2017 - 31
The Texas Independent Banker - May/June 2017 - Calendars
The Texas Independent Banker - May/June 2017 - Index of Advertisers
The Texas Independent Banker - May/June 2017 - Communities
The Texas Independent Banker - May/June 2017 - cover3
The Texas Independent Banker - May/June 2017 - cover4
The Texas Independent Banker - May/June 2017 - 37
The Texas Independent Banker - May/June 2017 - 38
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The Texas Independent Banker - May/June 2017 - 40
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