FFIEC releases updated business continuity management booklet
A few weeks ago, the FFIEC released an updated version of its Business Continuity Management booklet, which is one of the eleven booklets that make up the FFIEC’s IT Examination Handbook.
Plan vs. Management
One major change is the name of the booklet. The 2015 booklet was titled “Business Continuity Planning” versus the updated version titled “Business Continuity Management.” The introduction to the booklet states that this change reflects the changes in customer and industry expectations for the resilience of operations.
The previous booklet discussed the importance of effective business continuity planning and an adequate planning process. Rather than conceptualizing business continuity as discrete planning process to address a potential future threat, the current booklet approaches business continuity management as the ongoing management to maintain resiliency.
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