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Article: Business Continuity: Disaster Recovery Takes High Priority: Do preventative measures go overboard?
- Article from:
- Banking Wire
- Article date:
- May 4, 2004
- Author:
CopyrightCOPYRIGHT 2004 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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No one would deny that for the extremely sensitive nature of bank transactions, better safe than sorry is more than just smart policy on disaster recovery-it's the reality of today's code-red state of mind. But when is enough enough? A growing voice suggests the "reasonable" threshold has been breached, to the detriment of the entire industry.
"Banking is a risk-averse industry, so you have to balance your risk aversion with your competitive advantage," says Mark Vanston, a senior program director with Meta Group, an IT and e-business consulting firm. "You don't want to outspend the other guy, nor do you want to underspend."
Finding that equilibrium can ...