Track: Case Studies

Abstract

Every industry company has its own risk that threatens its business continuity and activities. The banking industry, which even plays a vital role in the country's economy, is not an exception to that risk. In general, businesses have two types of threats: natural threats (e.g., volcanic eruption, flood, tsunami, etc.) and human threats (e.g., sabotage, fire, terrorism, cybercrime, power outage, etc.). Therefore, the banking industry needs to develop a good BCP (Business Continuity Plan) and DRP (Disaster Recovery Plan) to support its continuity and mitigate the risk that may threaten the business. In Indonesia, risk management for banks is regulated by The Financial Services Authority (OJK) and the Indonesian Central Bank (BI). This study will include applicable law by the mentioned authority, best practices for risk management, business continuity management standards, practiced risk policies from banks, research reports, and secondary sources. By analyzing the resources and data, this study will include risk scenarios, business impact analysis, and business continuity strategy for the banking industry. The result of this study could be used as a basis for developing a business continuity plan and disaster recovery plan to manage risks and recover optimally from any disaster or be a basis for further study on business continuity, disaster recovery, and risk management.

Keywords

Business Continuity Plan, Disaster Recovery Plan, Banking, Risk management