We Enacted Our Pandemic Plan, What Do We Do From Here
With the recent pandemic classification of the Coronavirus (COVID 19) and the March 6 release of the FFIEC updated Pandemic Plan Banks are focusing on their Pandemic Plan to comply with regulatory guidance and CDC recommendations. Banks are proactively monitoring the situation and are meeting weekly if not more often to discuss actions. Experts are telling us this could go on for several months and may get worse before it gets better. So now is the perfect time to review and update your Plan to be sure you have a good framework in place as we navigate this “new normal” we are experiencing.
The key elements of a Pandemic Plan include: Establishing a preventative program, developing and documenting a strategy scaling your pandemic efforts, develop a framework to continue operations, establish a testing program, and establish an oversight program for continued review and updating. Your Plan should also establish responsibilities for the Board, senior management, and staff. Pandemic planning is an enterprise-wide issue and while there are specific technology challenges and issues it is not solely an IT problem.
This webinar will not be a reiteration of the FFIEC guidance and developing a plan but will provide discussion on what is currently being done by institutions, what else you could do, supply chain risks, and cyber security and technology threats and risks associated with the pandemic and implementation of remote work.
- Pandemic vs Business Continuity
- Best practices for developing the Plan
- Risk Assessment
- Business Impact Analysis
- What is currently being done by Institutions
- What else you could do
- Risks and threats
- Associated with the virus
- Associated with the technology for remote work
- Supply chain implications, technology interruptions
- Security and controls measures to consider
Who Should Attend?
Information Security Officers, IT Officers, Risk Officers, Internal Auditors, Senior Management, Board Members, anyone interested in or involved in pandemic planning.
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