This is an evolving post.
The trigger to this is Prof. Varma's following viewpoint on redundant networks:
"In my experience, backup sites in the financial industry are a big joke. Typically, these systems are set up only to satisfy check box ticking regulators who require them to have back up sites, but do not bother to check whether these are actually adequate. Many of these backup systems have significantly less processing capacity than the main site. "
Read the full post here: http://www.iimahd.ernet.in/~jrvarma/blog/index.cgi/Y2012/parochial-global-exchanges.html
Yes, that is kind of true and not just in financial industry. I think most industries do consider this as more of check-box item than anything else....
Except where retail ops matter, that is where significant revenue losses can occur....
The trigger to this is Prof. Varma's following viewpoint on redundant networks:
"In my experience, backup sites in the financial industry are a big joke. Typically, these systems are set up only to satisfy check box ticking regulators who require them to have back up sites, but do not bother to check whether these are actually adequate. Many of these backup systems have significantly less processing capacity than the main site. "
Read the full post here: http://www.iimahd.ernet.in/~jrvarma/blog/index.cgi/Y2012/parochial-global-exchanges.html
Yes, that is kind of true and not just in financial industry. I think most industries do consider this as more of check-box item than anything else....
Except where retail ops matter, that is where significant revenue losses can occur....
