Eze Castle Integration Eze Castle Integration

Hedge IT Blog

> Subscribe to Blog Entries about Business Continuity Planning

Winter Weather Preparedness Tips (Webinar Recap)

By Jordan DeSantis,
Thursday, January 28th, 2016

The winter season has officially greeted the East Coast with the first major storm of 2016, Storm Jonas. Jonas produced historic amounts of snow in many East Coast states setting records for all-time heaviest snowstorm at two prominent New York airports, JFK (30.5 inches) and LaGuardia (27.9inches). With these unprecedented levels of snow, New York City was forced to halt public transportation and implemented a mandatory restriction on private transportation as well. Jonas proved to be kind in the fact that the majority of the impact fell on the weekend but many firms can recall more disruptive storms occurring during regular business hours leaving many employees feeling stranded. To alleviate the stress incurred during winter storms, we sat down with our own Business Continuity Analyst, Matt Donahue, who creates, writes, and audits hedge fund’s business continuity plans. Matt spoke with us about different BCP scenarios and provided tips to keep your firm operational during the worst of storms.

Rather watch a video? Scroll down or click here to see Matt’s 15-min Q&A on winter weather prep.

Categorized under: Business Continuity Planning  Disaster Recovery  Hedge Fund Operations  Communications  Videos And Infographics 



What El Niño Means for Your Weather Forecast

By Matt Donahue,
Tuesday, January 26th, 2016

There has been a lot of talk recently on the West Coast about El Niño and its potential impact. Apart from a 1997 Saturday Night Live sketch featuring Chris Farley (do yourself a favor and look it up on YouTube), I realized I needed a refresher on what exactly El Niño is and what its potential impacts could be on regions across the U.S..El Niño Typical Winter
 
According to the National Oceanic and Atmospheric Administration (NOAA), El Niño conditions occur when abnormally warm waters accumulate in tropical latitudes of the central and eastern Pacific Ocean. Consequently, tropical rains that usually fall over Indonesia shift eastward. During El Niño winters, northwestern North America is more likely to experience warmer-than-average temperatures, and the southeastern U.S. is more likely to receive rain.
 
Of course, this should not be confused with La Niña.

Categorized under: Business Continuity Planning  Trends We're Seeing 



Five Steps of Business Continuity Planning for Hedge Funds

By Mary Beth Hamilton,
Thursday, January 14th, 2016

BCP hedge fundsMany years ago, business continuity plans were a nice-to-have feature for investment management firms. Only the largest and wealthiest firms employed them. In today's landscape, however, investors and regulators alike expect and demand that firms implement preparedness plans for disasters and cyber-attacks. BCP plans, therefore, are no longer optional. 

The key to a successful business continuity plan lies in understanding the impact a disaster situation could have on a business and creating policies to respond to any such impact. Here are the five key steps to this plan:

Categorized under: Business Continuity Planning  Disaster Recovery 



IT Security Dos and Don'ts to Live By

By Kaleigh Alessandro,
Tuesday, January 12th, 2016

We spend a lot of time educating our clients about security best practices and encouraging them to implement comprehensive security policies and procedures to mitigate risk and protect both the firm and its employees. And for good reason. Data breaches continue to wreak havoc for businesses, and the cost is steadily rising. According to the Ponemon Institute, the total average cost of a data breach is now $3.8 million, up from $3.5 million in 2014.

IT security best practices ebook

While companywide policies should reflect long-range expectations and corporate best practices, they should also include tactical recommendations that employees can follow to ensure they are complying with the company’s overall risk strategy. In addition to providing employees with security best practices they should follow, don’t forget to also include a list of actions they should not. Here are just a few pieces of advice we regularly offer our investment firm clients. You can download our full IT Security Dos & Don'ts eBook by clicking here

DO:

  • Lock your computer and mobile phone(s) when you leave your desk and/or office

  • Use care when entering passwords in front of others

  • Create and maintain strong passwords and change them every 60-90 days (We recommend a combination of lowercase & uppercase letters and special characters)

Categorized under: Security  Cloud Computing  Disaster Recovery  Hedge Fund Operations  Infrastructure  Communications  Business Continuity Planning  Trends We're Seeing 



IT Security Dos and Dont's: A Best Practice Guide (Video)

By Kaleigh Alessandro,
Tuesday, December 29th, 2015

If you’re a loyal Hedge IT reader, you may remember we highlighted a few simple dos and don’ts that, when utilized, can go a long way in shoring up your firm’s security. To make it easy, we’ve put these tips together into a video. Take a look below and discover a vast range of security tips and tricks from email encryption to proper security measures for protecting computers and mobile devices. 

 

Categorized under: Videos And Infographics  Cloud Computing  Security  Disaster Recovery  Hedge Fund Operations  Infrastructure  Communications  Business Continuity Planning  Trends We're Seeing 



Operational Due Diligence: Common DDQ Questions Investors Are Asking

By Eze Castle Integration,
Tuesday, December 15th, 2015

Operational due diligence has become a hot topic that continues to gain importance and attention throughout the alternative investment industry. Over the past few years, as regulations have changed and investors increasingly seek transparency, funds are spending more time than ever preparing for the due diligence process.

It is no surprise that the investment industry landscape is becoming more and more competitive. As this trend continues, investors are raising their expectations and looking towards funds that display the highest levels in operational excellence. One important way to ensure your firm meets these high standards is to complete a due diligence questionnaire (DDQ) that can be shared with potential investors.

A comprehensive DDQ covers a wide range of topics, from assets under management to audited financial statements and investment strategies. One major area of focus is the fund’s IT and accompanying cybersecurity policies and procedures.At Eze Castle, we frequently assist our hedge fund clients in completing DDQ questions on technology, and we often see the same types of questions popping up. So, to help you get started, we have compiled the following list of some frequently asked DDQ questions.

Categorized under: Hedge Fund Due Diligence  Disaster Recovery  Hedge Fund Operations  Business Continuity Planning 



Do You Know the DR Lingo? Key Disaster Recovery Terms Defined

By Kulvinder Gill,
Tuesday, November 3rd, 2015

Understanding the lingo of disaster recovery and business continuity planning is essential to ensuring a firm is fully knowledgeable during the planning process and prepared should an incident occur. Here at Eze Castle Integration we are regularly defining key DR terms for our hedge fund clients. Since we fancy ourselves experts on all things hedge fund DR related, we have have developed this handy list of common DR definitions.

Application RecoveryDR Dictionary

A component of Disaster Recovery that deals with the restoration of business system software and data, after the operating system environment has been restored or replaced.

Business Continuity

A system of planning for, recovering and maintaining both the IT and business environments within an organization regardless of the type of interruption. In addition to the IT infrastructure, it covers people, facilities, workplaces, equipment, business processes, and more.

Categorized under: Disaster Recovery  Business Continuity Planning 



Disaster Recovery Testing for Hedge Funds: Frequently Asked Questions

By Eze Castle Integration,
Tuesday, October 27th, 2015

An often overlooked, but critical component of disaster recovery (DR) solutions is testing. In an interview with HFMWeek, Bob Guilbert touched upon the topic of DR testing. In the discussion, Bob noted disaster recovery testing for hedge fundsthat “the best approach that funds can take to ensure an effective disaster recovery system is to test them periodically.” Lisa Smith, a Certified Business Continuity Planner here at Eze Castle, also echoes this advice in her conversations regarding inclement weather business continuity planning.

If regular testing is a critical component of an effective DR solution, why do many firms fail to do so? In working on the Eze Disaster Recovery team for several years, I have heard a variety of reasons from clients as to why this is the case. The most common reasons include:

  • a lack of time to commit to DR testing;

  • a lack of understanding as to how to go about testing their solutions;

  • and a belief that testing could hinder normal business operations, and is therefore too risky for the firm.

Categorized under: Disaster Recovery  Business Continuity Planning  Trends We're Seeing 



Business Continuity Planning: The Importance of Table Top Exercises

By Eze Castle Integration,
Tuesday, October 20th, 2015

business continuity planning table top meeting exerciseIn the fast-paced, volatile world of financial services, constantly maintaining normal business operations is crucial – even in the event of an unexpected disaster. Even just a few moments of downtime could be extremely costly, so it is essential that firms implement sound business continuity procedures.

Since we frequently work with our hedge fund and alternative investment clients on developing comprehensive business continuity plans (BCPs), we feel it is important to review and test our own BCP procedures on a regular basis to ensure they will meet our most current business needs in the event of a disaster. To this end, Lisa Smith - one of our certified business continuity professionals - and her team recently conducted a BCP table top exercise with our management team here at Eze Castle. After this successful meeting, we thought it would be valuable to share some insights on the BCP table top exercise process with our readers to spotlight the importance of this activity.

Categorized under: Business Continuity Planning  Disaster Recovery 



Tips to Establish Effective Crisis Communication Plans for Financial Firms

By Matt Donahue,
Tuesday, October 13th, 2015

Many building tenants have a daily interaction with their building’s management. The interaction may be a friendly “good morning” or “goodnight”. Perhaps you’re on a first name basis with some of the front desk employees. Typically, that is where the relationship ends, and if so, that can potentially lead to some issues in the future.

Being able to quickly communicate and respond in the case of an emergency or interruption can make a big difference to building management and tenants alike. Additionally, having each other’s contact information can be extremely helpful during regular business hours, as well as, off-hours or holidays and weekends.Hedge Fund BCP, Emergency Communication Plan

During regular business hours, building management has several options to notify tenants. Depending on the type and severity of an emergency, facility management may choose to utilize passive notification, such as email, or they may use more aggressive notification like public announcement (PA) systems or alarms. While alarms and PAs might help grab the attention of tenants, they aren’t the most effective tools to communicate long or detailed messages. Even planned drills, such as fire drills during regular business hours, are not fool-proof. During this commotion, it may be difficult to locate members of building management and even harder to efficiently communicate.

Categorized under: Business Continuity Planning  Disaster Recovery  Security  Hedge Fund Operations  Communications  Trends We're Seeing 



View earlier posts in the archive

Recent Posts / All Posts


 

Eze Cloud Information

Subscribe to Hedge IT

Follow Us

    Follow us on Twitter Follow us on FaceBook Follow us on LinkedIn Follow us on Google RSS Feed

Recent Articles

Categories

Archives