Abstract: Banking, from the perspective of industry 4.0, calls for a greater level of digitalization. Just like autonomous cars promise to be the norm one day, “the bank of the future” will be mostly digital. However, this will bring with it many challenges. Cyber-threats have been targeting the financial sector worldwide. Downtime can cause widespread disruption and massive damage to an organization's bottom line and reputation. As organizations realize the size of potential exposure to uncontrol risk, insuring business continuity is becoming a vital task within all industrial especially financial sectors. This article will discuss on the threat and importance of business continuity plan in the banking institution, the response and recovery plan as well as the recommendation in maintaining the business continuity in financial institution in Malaysia.
Keywords: Business Continuity, System Disruption, Banking Sector, IR 4.0, Maximum Tolerable Downtime (MTD).
Title: Business Continuity Management in Information Technology and Systems for Banking Institution in Malaysia
Author: Nur Fadhilah Umar, Jamaludin Ibrahim
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
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