On July 23, 2015, CU*Answers, a 100% credit union owned CUSO, presented a complimentary web-based Education Express course for credit unions on using business continuity tools and principles to assist them in anticipating and planning for operational disruptions. Webinar participants were led through the process of answering four key questions when determining continuity and recovery strategies:
- What are my critical business functions?
- What’s my exposure to serious incidents or disasters?
- What can be done to prevent or mitigate the risk?
- What’s my plan to recover?
“It’s impractical to plan for every possible threat scenario,” says Jim Lawrence, CBCP, Manager of Business Continuity and Recovery Services at CU*Answers. “By focusing on the risk and the potential effect on operations, credit unions can make intelligent investments in controls and procedures and develop effective plans that will prepare them to navigate through and around disruptive events.”
As part of their commitment to their network of 200+ credit union clients, CU*Answers provides professional education courses (classroom and web-based) and consulting services on topics relevant to the needs and current events of the industry. Included in the series of courses offered on the topic of cybersecurity, interest in business continuity and operational resilience continues to grow.