NetRecova ensures business continuity

Trading Solutions has released NetRecova, a network redirection service that minimises interruption to voice trading in the event of a disaster, reports bobsguide.

NetRecova re-routes private lines to a back-up site, enabling voice trading to be continued within two hours of the main dealing room going off-line. "Business continuity planning is a high priority for our clients," said Graham Boyes, manager of Network Business Development.

"In addition to their regulatory obligations, institutions are now considering the commercial implications of business interruption, from loss of commission to long-term reputational risk."

Disaster recovery is not about recovering from a disaster, but planning for one, as business continuity is crucial, and involves up-to-date technology and well-trained IT staff members who can implement the recovery plan, reports ComputerWeekly.

Businesses need to be up-and-running at all times, and in the SME arena, it is even more crucial, because resources and budgets are usually scarcer, and a disaster can easily damage their credibility.

SMEs can use a number of resources, case studies, advice columns and tips to help them plan and maintain a disaster recovery plan.

AT&T has released the results of a business continuity preparedness study. The results show that 30% of businesses are not prepared for a disaster, reports Monsters and Critics.

From the 10 cities surveyed, businesses in New York came out first in terms of being the most prepared for natural and man-made disasters.

While 30% of companies surveyed admitted that business continuity planning is not a priority, AT&T said the results suggest that companies may have a false sense of security.