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Volume 32, Issue 3

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Thursday, 22 November 2007 00:19

MBIA Pioneers Emergency Web Site

Written by  Jude Westerfield

If the threat of the “Y2K bug” during the late 1990s was a spur for corporations to put together a disaster response and recovery plan, the events of Sept. 11, 2001, were a seismic wake-up call. In addition to the thousands of people who died that day, businesses collapsed in the rubble of the Twin Towers, many with their assets, records, and networks lost forever. At the time of the attack, MBIA, a leading financial guarantor, was already well on its way to preparing a disaster response and recovery plan. In fact, in the late 1990s the Armonk, N.Y., company established a recovery operations site in Denver, Colo., for the backup, storage, and recovery of MBIA’s most time-sensitive businesses. But as MBIA’s business became ever more complex and increasingly global, it became clear that a more comprehensive, end-to-end plan for business continuity was needed. Staff from the company’s information technology (IT), human