Elliot Consulting

Elliot Consulting, LLC
7853 Gunn Highway
Suite #326
Tampa, FL 33626

Phone: 813-792-8833

Press Releases

Elliot Consulting Services Featured in ABA Banking Journal March 2008 Issue

Tampa, Fla., April 7, 2008--Steve Elliot, President and C.E.O. of Elliot Consulting was recently featured in the ABA Banking Journal March 2008 Issue as a resource on how the financial services industry should address business continuity standards.

The article titled "Extreme Risks" reports that business disruption scenarios such as natural disasters, information technology problems, terrorist-related activities, etc. can happen any time, any where. The author states that the past eight years saw a series of catastrophic events, from terrorist attacks to weather-related calamities, power outages and other disruptions. These events made the government and the private sector clamor for a stronger and more rigorous business continuity planning. Large banks have comprehensive continuity plans, which covers people, processes, technology, and facilities in place. However, costly planning is daunting for many but federal regulations now require that institutions to have a business continuity and disaster recovery plan.

The article described that smaller institutions have no comprehensive and updated disaster and recovery plans. Steve Elliot said in the interview, "The fact is, progress not perfection should always be the aim as the inherent complexity of the industry makes it tough to craft resiliency around." Elliot points out that the growth though mergers & acquisitions is just one more top-of-mind reason why today's carefully crafted continuity plan can become out-of-date in a flash.

"It's important to be set up to modify the plan frequently," says Elliot. That means making use of some sort of content management system or portal-based technology so that information can be centrally collected, vetted, and posted for all appropriate constituents. Elliot also advises banks to periodically update all employees on shifts in approach that may touch on their duties, and adds that all employees should be trained in appropriate emergency response roles.

"Just because the emergency response and recovery team may be a much smaller crew of key executives," says Elliot, "doesn't mean that everyone in the company doesn't have a role to play in going from incidence response to the phases of recovery."

To read more about the banking industry's focus on incidence response, scenario building, contingency planning, and emergency response, go to the ABA Banking Journal.

About Elliot Consulting

Everything that we do as a consulting firm is focused on helping organizations protect their people, their property, their products and services, and their profits. We do this by assisting those organizations to author, administer, and audit their in-house business continuity, incident response, and disaster recovery programs.

Elliot Consulting is a group of trusted business advisors who are experts in the development of business resiliency solutions. The term “business resilience” is defined as a combination of enterprise risk management, business continuity planning, disaster recovery, and long-term business restoration. A resilient organization will be able to mitigate unforeseen risks and have contingency plans in place which will allow the continuation of business operations regardless of the specific incident.

Our expertise is helping companies mature their strategic plans and operational guidelines which are then used within a comprehensive business resiliency program to help sustain the organization’s business operations. Elliot Consulting facilitates the discussions and teams with our clients to collect and analyze the critical data which will help the organization protect their vital business resources and procedures.

The Elliot Consulting team members are professionally-certified business continuity planners, business resiliency specialists, and project managers with extensive experience leading preparedness, response, and recovery initiatives in Fortune 200 corporations and government agencies. With expertise in managing these complex requirements Elliot Consulting is able to support a wide variety of strategic planning and resiliency tactics designed around our clients’ needs. Elliot Consulting is a vendor-neutral organization and does not re-sell any products or services.