RealNews

Banks' crisis plans weak: survey

More than 30 per cent of Australia’s banks are unprepared for a significant disruption to their IT systems, such as a serious virus or act of terror, a recent university survey found. Conducted by the University of Southern Queensland’s Centre for Australian Financial Institutions (CAFI) and Fuji Xerox late last year, the survey found although 78 per cent of respondents had a “high level” of commitment to business continuity, more than 6 per cent had no crisis management plan and 25 per cent had only theoretical knowledge of what to do in such an emergency. Full Story

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