Connectivity credit unions don’t want to lose during a crisis

first_img 9SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Whether it be a temporary business interruption or a catastrophic event, there are certain data connections that credit unions don’t want to lose.  To mitigate that risk and minimize the member impact and related financial losses during an interruption or event, you have to first determine and prioritize your critical connections.  The easiest way accomplish that is to review the critical processes in your Business Impact Analysis (BIA) Report and look at the interdependency of the systems attached to those processes.  Chances are those systems will be dependent on the one or more of the following connections:Core Connectivity – A good portion of critical processes are usually dependent upon the core system.  One way to minimize the impact the loss of core connection is to have a failover system.  That’s a great solution if you lose your core to a hardware issue, but not if you lose network connectivity.Internet and Branch Connectivity – Processes are becoming more dependent on Internet connectivity as credit unions utilize cloud technology.  Multiple Internet Service Providers (ISP) can help reduce the risk of downtime.  For branch connectivity, consider implementing an MPLS network.  You can very easily divert data traffic to a different location should there be a disaster.  A wireless (4G) backup connection can also be implemented to enhance resiliency and to ensure your branch stays connected. continue reading »last_img

first_img 9SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Whether it be a temporary business interruption or a catastrophic event, there are certain data connections that credit unions don’t want to lose.  To mitigate that risk and minimize the member impact and related financial losses during an interruption or event, you have to first determine and prioritize your critical connections.  The easiest way accomplish that is to review the critical processes in your Business Impact Analysis (BIA) Report and look at the interdependency of the systems attached to those processes.  Chances are those systems will be dependent on the one or more of the following connections:Core Connectivity – A good portion of critical processes are usually dependent upon the core system.  One way to minimize the impact the loss of core connection is to have a failover system.  That’s a great solution if you lose your core to a hardware issue, but not if you lose network connectivity.Internet and Branch Connectivity – Processes are becoming more dependent on Internet connectivity as credit unions utilize cloud technology.  Multiple Internet Service Providers (ISP) can help reduce the risk of downtime.  For branch connectivity, consider implementing an MPLS network.  You can very easily divert data traffic to a different location should there be a disaster.  A wireless (4G) backup connection can also be implemented to enhance resiliency and to ensure your branch stays connected. continue reading »last_img

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