Technology and Cyber Resilience for Uninterrupted Banking

This document is a guide focused on technology and cyber resilience in the banking sector, emphasizing the necessity for uninterrupted operations amid various disruptions. It outlines the shift from traditional IT Disaster Recovery (ITDR) to a more proactive approach that prioritizes continuous availability and rapid recovery. The document details the core principles of resilience, including the elimination of single points of failure, the implementation of transparent failover mechanisms, and the establishment of isolated recovery environments to safeguard against cyber threats. Additionally, it discusses the emerging regulatory landscape, highlighting the expectations for banks to demonstrate robust resilience capabilities, report on their technology posture, and define minimum viable bank requirements. The guide also stresses the importance of governance structures for overseeing resilience initiatives and the need for regular testing of failover and failback processes to ensure operational readiness. Overall, it presents a comprehensive framework for achieving resilience in banking technology systems.