Despite the IDC statistics, legislation is helping to push business continuity back up the agenda. ,It has always been a exercise of peaks and troughs,, says Phil Carter, head of professional services at SunGard. ,Following September 11 there was a big increase in awareness and a desire for companies to address the issue.
Although interest waned a year later, forthcoming legislation is bringing it to the fore again.
,The Financial Services Authority (FSA) is encouraging businesses to have plans in place,, he
continues. ,Basel II is putting risk management on the boardroom agenda, while Sarbanes-Oxley in the US is putting controls on the financial records of companies.
believes financial institutions are increasingly aware of these threats. ,Companies are better prepared,, he
says, ,but there is still work to be done with regards to terrorist attacks.,
agrees that with the growth of electronic communication such as electronic transfers, messaging and email, good data management is an imperative. ,Traditionally when you had a disaster you would take your back-up tapes to the recovery site and load them up,, he
says. ,This would take around 24 to 48 hours.