07 Jun 2018

Laura Zverko

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The alternative investment industry is reliant on technology – the most innovative and productive businesses are integrating new tech at all levels. While this opens many doors to development and growth, it also creates risk to systems and data that could become targets, or be affected by outages and downtime. Key to preventing and managing these risks is a comprehensive disaster recovery plan.

The 3 stages of a successful disaster recovery plan

1. Review your IT infrastructure

A disaster recovery plan will be constructed around your IT infrastructure. It will be more efficient and effective if that infrastructure set-up is fit for purpose and can support swift resolution of issues and attacks. Security problems tend to be a major cause of network downtime and there is a lot that can be done to help prevent this by designing an IT infrastructure specifically for your business. From that baseline, a disaster recovery plan can operate to provide quick responses and clear direction in terms of what actions are required to restore business continuity and protect the business and its clients from the consequences of a “disaster” situation.

2. Ensure that staff are informed and aware

Staff have a big role to play in disaster prevention – and also in recovery. Training staff to spot issues as they arise can mean a swifter response so that disaster recovery can be activated sooner and damage minimised. It is important to make clear what the delegation of roles will be in a disaster recovery situation. Speed will be essential and staff who know exactly what is required of them, and at what stage in the disaster recovery process, will be in a better position to support business recovery through action. Training also has a key role in making your staff an asset when it comes to security, and disaster prevention and response. Train staff to spot problems quickly and also to react in a way that will contribute to putting the disaster recovery plan into place swiftly and efficiently.

3. Focus on data recovery

It is almost impossible to ensure business continuity after a security event or system issue if there is no data recovery and backup in place. If data has been compromised then it may become inaccessible and this could bring operations across the business to a complete halt. So, part of effective disaster recovery is planning for data protection. This will not only ensure the business is compliant with data laws, such as the GDPR, but will also avoid a situation where the business cannot access the data and information it needs in order to continue to function. Data backup is also an important tool in client relationships – lost or inaccessible data could cause even the strongest ties of trust with clients to break down.

A disaster recovery plan is an essential component in the security measures required for any business, in the alternative investment industry and beyond. To discuss your disaster recovery requirements, as part of our netSupport offering, contact a member of our experienced team today.

Author: Laura Zverko - Follow us on Google+

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