Lenders overall have been rigorous in putting in place procedures to ensure that business remains unaffected should anything from a minor power cut to a fire or flood occur. However, many lenders and other larger firms direct a significant proportion of business and business information through other firms and outsourced companies not directly under their control.
This places a huge reliance that these firms are able to cope to offer a continuous business service and data safety should problems occur.
Paul Duckworth, managing director – xit2 commented: “This is one of the hidden dangers facing firms that outsource business processes to a third party. It is an essential business requirement for all firms to ensure that business services and data is safe should a disaster happen. Large companies are obviously up to speed but there should be added vigilance if they direct essential business processes through a third party. This is where the real risk may lie. A ‘disaster’ could be anything from a power cut to the physical destruction of premises, but both could destroy a firm’s core systems or ability to conduct business. I would recommend that if you’re relying on a third party make sure they’re relying on more than just luck if the worst should happen.”
Anyone wishing to find out more about xit2 and the services they offer should visit www.xit2.com
