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Business continuity program expectations have expanded! A plan for numerous types of interruptions is still needed, but today’s accountholders expect resiliency! The recently updated Business Continuity Management booklet mirrors this by changing the emphasis from a plan to a never-ending lifecycle.
The goal of business continuity readiness is to successfully survive a live threat, whether a cybersecurity attack, hurricane, wildfire, flood, etc. Therefore, you must successfully manage your institution’s BCP components to ensure preparedness for a real threat – and the next examination. Just like the emergence of new threats and continued evolution of products and services, your BCP must keep pace. Join us to learn the updated examination procedures and how to incorporate the ten steps of the business continuity lifecycle. In addition, communication with the board and your internal auditor’s role in assessing the BCP’s design effectiveness are key program components.
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