Business Continuity vs. Disaster Recovery: What’s the difference for your credit union?

In the event that an event befalls your credit union, you’ll need to take steps to ensure that you can continue to function and serve your members. These steps will lead you down two different, equally-important roads to recovery. The first road is business continuity planning, and the second is disaster recovery. So, what’s the difference between the two?

Well, the two are very closely related. You might say that both roads lead to the same place, which is a fully-functioning credit union. While on the surface, this might make them seem hard to differentiate, they are in fact rather easy to tell apart. The best way to explain the difference is by analyzing a particular disaster scenario and then seeing how both business continuity planning and disaster recovery tackle the resulting problems.

 

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