Business Continuity Plans for Financial Institutions

  • April 20, 2018
  • Kwan Fai Cheng

Business Continuity Plans for Financial Institutions Disasters rarely strike with advanced notice. That’s especially true in the business world, where there’s no such thing as a business meteorologist to forecast potential threats that may beset a company’s personnel or assets. That’s where a Business Continuity Plan comes into play. What is a Business Continuity Plan? A Business Continuity Plan (BCP) is an operational strategy outlining all significant efforts and actions an organization is expected to take in the event of a disaster, such that they can continue running their business with minimal loss and downtime. All BCPs are centered around […]

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Benefits-of-hybrid-cloud

Harnessing the Benefits of Hybrid Cloud Computing

  • April 20, 2018
  • Kwan Fai Cheng

Harnessing the Benefits of Hybrid Cloud Computing Cloud computing has moved beyond the hype stage that comes with technological innovation and into the status of an indispensable business capability. The evolution is unsurprising, as the need for using web-based computing resources to store and protect data applies across all industries, adding value through increased accessibility, easier collaboration, lowered storage costs, and more scalable capacity. However, despite the many benefits, businesses that handle extremely sensitive data are often hesitant to move all their file storage and computing over to public cloud services for a variety of data security, operations and compliance […]

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Disaster Recovery Plan

10 Key Elements of a Disaster Recovery Plan

  • February 16, 2018
  • Kwan Fai Cheng

10 Key Elements of a Disaster Recovery Plan Disasters, whether they be natural or man-made, come in all shapes and sizes. And while it may be impossible to predict if/when one will attack your business, you can certainly preempt extensive loss and downtime by forging a Disaster Recovery (DR) Plan that takes into account your most valuable assets and data to ensure business continuity. Consider this: a medium-sized business can lose $216,000 per hour due to downtime from a disaster, while an enterprise-level business can lose $686,000 during the same time span. That’s why it’s imperative for all businesses, whether […]

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