Credit Unions Should Be Ready With Disaster Plan in 2013
The United States was dealt some billion-dollar blows in 2012, what with tornadoes, hurricanes, and, of course, Superstorm Sandy. Businesses, including credit unions and other financial institutions, were not exempt from the fallout. And for those with no disaster recovery plan in place, the downtime was particularly devastating: Aberdeen Group estimates that just an hour of downtime can translate to $74,000 lost for some small to mid-sized business.
Hindsight, as they say, is 20/20, but given these consistent reminders to expect the unexpected, foresight can be 20/20 too. With a no-fail disaster recovery plan and some regular testing of a proven solution, credit unions can weather any disaster and protect their all-important data, applications and systems from certain destruction.