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By Heinrich Schettler, Martin J. Wieczorek, Michael Philipp (auth.), Dr. Martin J. Wieczorek, Uwe Naujoks, Bob Bartlett (eds.)
Risk administration and company Continuity are crucial for the aggressive ability of any overseas company. The transitority unavailability of expertise and prone can endanger the life of any corporation. it really is cruical to advance a global technique to care for those difficulties. This publication presents theoretical research and sensible strategies on those topics.
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Extra info for Business Continuity: IT Risk Management for International Corporations
The FSA is a company limited by guarantee and financed by the financial services industry, and regulates the financial services industry in the UK. In relation to the discussions concerning capital adequacy, the FSA says about the various risk calculation models [FSAOlj: ''A model is any formalised and systematic method of analysing risk, and the programme used to carry out that analysis. Models are primarily used for assessing credit and market risk, but can themselves be a source of risk if they make unrealistic assumptions.
Wieczorek, Michael Philipp As an illustration: a small, simple module within a process control system had the task of enabling the communication between all of the programs of the system. The task of programming the module was given to an inexperienced newcomer. So the error-proneness of the module was high in spite of the simplicity of the task. Naturally the module contained some faults; still, the newcomer had performed his work comparatively well. The failures did not occur during normal operation but only in a few rare but practically relevant stress situations with considerable damage potential (high vitality).
Admission controls must prevent unauthorised persons from gaining admission to data carriers, especially to rooms in which back-up media are stored. e To protect information against loss, firstly, back-up procedures for applications and data have to be performed. The performance of back-up procedures is obligatory. Besides periodical back-ups, "ad hoc" back-ups are suitable if, between two back-ups, programs and/or data have been changed in an unusual way. For relevant to accounting, information and other sensitive data and programs, additional copies of the back-ups should be produced and stored in another security area or outside of the company's premises.