For financial institutions and the majority of organizations across the U.S., natural disasters can strike at any moment and in many forms. When the inevitable happens, your credit union should be able to handle your disaster recovery and resume operations as soon as possible.
Your members’ financial information is extremely valuable, but it is also vulnerable. When there are threats against your data security, natural or man-made, this automatically puts your credit union at risk. Having unsecure data significantly affects a large number of people and the fallout can devastate your credit union.
A comprehensive recovery solution doesn’t have to be extremely specific about the type of disaster it can protect your credit union from. However, it’s advised to consider the most common potential crises depending on your location, such as:
- Cyber crime
- Human error
- Tropical storms or hurricanes
How to Safely Store Your Data
When the worst-case scenario comes to pass, you need to make sure your data is backed up in a secure area. The first step is to keep it backed up on an offsite location. While many stop at this point, this doesn’t secure your valuable credit union data.
Redundancy is a must. You’ll never know if the next disaster is far-reaching or if it will strike two areas at the same time. To be truly prepared for a calamity, you need multiple data backup and recovery centers.
Multiple physical backups are the most common solutions for disaster recovery purposes, but it can be cumbersome and costly. Several physical sets of equipment, connections, etc will be needed. Also, the right peple should always know where the data is stored, at which location, and with which service provider. This significantly drives up the cost.
IMS offers credit union disaster recovery solutions without the unnecessary equipment, expense, or the headaches that come with it. If your credit union has high standards for your organization’s data and information, our robust systems will exceed your expectations on data security and disaster recovery.
Think of it as another form of insurance. As much as we want to, we can’t always accurately predict the weather or when the next disaster will affect our areas. But what we can do is to prepare for the worst.