When cyberattacks occur, traditional business continuity and disaster recovery plans often show their gaps. Unknown business dependencies arise, and communication pathways fail, causing Recovery Time Objectives (RTO) to stretch out into weeks. For financial services organizations, this means extended service outages, regulatory fines, and, critically, erosion of trust.
A Minimum Viable Bank (MVB) strategy focuses on moving to a business- and customer-focused approach to cyber recovery. Through deeper investigation of critical business functions, IT and Security teams can better partner with lines of business to identify the critical functions and applications that ensure that a cyberattack remains a minor operational blip, instead of a service-stopping crisis.
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