|[December 05, 2013]
IT-Lifeline Implements Educational Initiative to Enable Banks and Credit Unions to Speedup Recovery of Key IT Systems Based on FFIEC Guidelines
SPOKANE, Wash. --(Business Wire)--
a provider of comprehensive disaster recovery and compliance testing
solutions for the financial services industry, is implementing an
educational initiative to enable banks and credit unions to speed up
recovery of key IT systems and data based on FFIEC guidelines.
IT-Lifeline's initiative focuses on educating bank and credit union IT
managers on how to more effectively meet recovery time objectives in
their business impact analysis (BIA) and enhancing their ability to meet
examiners' expectations during audits. The initiative enhances
operational efficiency and reduces the risk of losing vital data during
a declare disaster. Key elements of the initiative include IT-Lifeline:
Analyzing maximum allowable downtimes for IT systems and business
processes required by FFIEC guidelines;
Assessing recovery time objectives based on business needs and
regulatory requirements; and
Recommending strategies and solutions designed to enable banks and
credit unions to meet recovery time objectives, increase efficiency
and enhance regulatory compliance.
"Our initiative educates banks and credit union staff members on how to
leverage a compliance framework based on the strict regulatory
requirements and recover their IT systems and data in the most
cost-effective manner possible," said Brandon Tanner, VP of IT-Lifeline.
About IT Lifeline
IT-Lifeline is the leading provider of comprehensive disaster recovery
and compliance testing solutions for the financial services industry.
The company's solutions enable bank and credit unions to test the
organization's compliance with FFIEC requirements for business
continuity and disaster recovery, alongside the institution's ability to
protect data and quickly recover key IT operational systems after a
system failure or other type of disaster. The company provides
compliance testing and recovery services for banks and credit unions
nationwide and has been focused on the financial services industry since
2002. Additional information is available at www.itlifeline.net.
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