Aug 6 - IT-Lifeline, a provider of comprehensive disaster recovery and compliance testing solutions for the financial services industry, reported a 50 percent year-over-year increase in disaster recovery compliance testing for banks and credit unions since January. Increased awareness of compliance requirements and resulting demand for disaster recovery testing enabled IT-Lifeline to expand its operations by signing customers in four new states, including New Jersey, Pennsylvania, Georgia and Kentucky.
The IT-Lifeline Recovery Testing Solution enables a bank or credit union to test the organization’s compliance with FFIEC requirements for business continuity and disaster recovery, alongside the institution’s ability to protect data and quickly recover key IT operational systems after a system failure or other type of disaster. IT-Lifeline also signed six new financial institutions for its BLACKCLOUD Disaster Recovery Solution over the same time period last year.
“IT-Lifeline’s growth is a direct result of our focus on meeting the evolving compliance, testing and recovery needs of banks and credit unions,” said Matt Gerber, CEO of IT-Lifeline.