Disaster Recovery Lessons Learned: The Seventh Anniversary of Hurricane Sandy

During Hurricane Sandy in 2012 the New York Stock Exchange and NASDAQ were closed for two days and the super storm ended up costing New York State a staggering $32 billion, New York City $19 billion and the U.S. economy an estimated $65 billion. Seven years later, it’s fair to ask what has Hurricane Sandy taught us? Preparing for disasters, whether man-made or natural, has never been more critical for financial services firms because so much is at stake. With risk mitigation a priority, it’s hard to believe that many firms still do not have a business continuity plan in place. And some firms…