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CREATING A HYPOTHETICAL ORGANIZATION- THE NBC BANK

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Running head: CREATING A HYPOTHETICAL ORGANIZATION 1
CREATING A HYPOTHETICAL ORGANIZATION- THE NBC BANK
Name:
Institution:
Veterans Bank is a New Jersey based bank, deals with veterans affairs. They deal with retirement
benefit plan, home loan, car loan, children’s schooling fund, aid for the treatment, travelling fund

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CREATING A HYPOTHETICAL ORGANIZATION
providing etc. The Bank has asset of 1.2 trillion. The bank was established in 1966. It has 14
branches in 16 states with employee of 320.
Following is the presentation of the bank branches along with employees-
Branch Location Employee Branch Location Employee
Alabama 20 Minnesota 20
California 25 Kentucky 25
Maryland 20 Montana 20
North Dakota 30 New Jersey 40
Oklahoma 20 Pennsylvania 20
Ohio 25 New York 20
Texas 25 Washington DC 30
Contingency Planning
Contingency planning denotes overall planning of preparation for any firms to meet the
unexpected events at any time to avoid losses from any manmade or natural or technological
catastrophe. Its main aim is to maintain the smooth flow of the business. As bank deals with
financial and other sensitive information about clients and on which there remains a great value
for the bank so proper data management is utmost essential for the bank. Banks needs to protect
damage caused by unforeseen and adverse events affecting information handing out. So
importance of business contingency planning is talked all over the world. (Wehinger, 2012).
Today with the advancement of technology different online threats has increased manifold.
Hacking, data stealing, credit card fraud etc are very common. So banks need to keep back up of
all the data. Importance can be specified from these views-
Helps to restore all data
Customers can keep faith on the bank
Lose of important data causes huge financial lose
Banks may lose their client base

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CREATING A HYPOTHETICAL ORGANIZATION
Can face many law suits
Regulatory embargo can come on the bank due to data lose
Bank may be declared bankrupt
For all these reasons data contingency planning is important for NBC Bank. These will benefit
the bank to maintain smooth flow of the business. So the objectives of the contingency plan are-
Maximize the effectiveness of contingency operations through an established plan
Identify the activities, resources and procedures needed to carry out the data processing
requirements of the bank
Assign responsibilities to designated personnel of the bank and provide guidance for
recovering during prolonged periods of interruption to normal operations.
Ensure co-ordination with other staff who will participate in the contingency planning
strategies.
Contingency planning of the NBC Bank
Contingency planning consists of three part- Incident response, disaster response and Business
continuity. Incident Response Plan (ICP) emphasizes on immediate response to an incident.
Disaster Recovery plan (DCP) emphasizes on restoring operations at the primary site after the
disaster occur.
Business Continuity Planning (BCP) facilitates establishment of operations at an alternate site
after the disaster.

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CREATING A HYPOTHETICAL ORGANIZATION- THE NBC BANKName:Institution:Veterans Bank is a New Jersey based bank, deals with veterans affairs. They deal with retirement benefit plan, home loan, car loan, children's schooling fund, aid for the treatment, travelling fund providing etc. The Bank has asset of 1.2 trillion. The bank was established in 1966. It has 14 branches in 16 states with employee of 320.Following is the presentation of the bank branches along with employees-Branch LocationEmployeeBranch LocationEmployeeAlabama20Minnesota20California25Kentucky25 Maryland20Montana20North Dakota30New Jersey40Oklahoma20Pennsylvania20Ohio25New York20Texas25Washington DC30Contingency PlanningContingency planning denotes overall planning of preparation for any firms to meet the unexpected events at any time to avoid losses from any manmade or natural or technological catastrophe. Its main aim is to maintain the smooth flow of the business. As bank deals with financial and other sensitive information about clients and on which there remains a great value for the bank so proper data management is utmost essential for the bank. Banks needs to protect damage caused by unforeseen and adverse events affecting information handing out. So importance of business contingency planning is talked all over the world. (Wehinger, 2012). Today with the advancement of technology different online threats has increased manifold. Hacking, data stealing, ...
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