The financial industry is dependent on power to run its technology infrastructure and to supply basic necessities to personnel and customers. A long-term power outage can negatively impact an entity’s resilience. Management should implement measures to provide electricity in the event of a short-term power disruption. Furthermore, management should develop plans to provide electricity in the event of a long-term power disruption. As part of its short-term and long-term plans, management should consider the following:
- Alternate energy sources (e.g., generators, multiple power grids).
- Fuel requirements, both for fuel on-hand and contracts with suppliers for deliveries during events, and any potential impediments to obtaining fuel.
- Load capacity of generators (e.g., length of time, useful life, level of power supplied).
- Continued maintenance of generators.
- Testing of generators.
IV.A.8 Change Management