Financial Regulators Release Updated Business Continuity Planning Booklet on pandemic planning. BCP is a key element to Gramm-Leach-Bliley Act (GLBA) compliance, but compliance alone isn’t enough to sustain a business in the wake of disaster. Financial institutions that want to improve their plan must begin with testing, expert says. The GLBA-compliant institution must have a business continuity plan that documents business impact analysis. The BIA lays the foundation and makes management decisions around what systems and or which business processes are most critical.”]
Source: https://www.bankinfosecurity.com/hidden-traps-business-continuity-planning-a-923