Isn’t it scary to wake up the next morning to find out that your saving account is giving you a negative number?
Malaysian securities companies fared better than banks, with 57% reporting that they recovered within three to six hours.
However, only 20% of local insurance firms could claim that kind of performance. Forty per cent of the firms said they would need more than 24 hours to recover from a disaster.
The survey also found that all the Malaysian banks had suffered between one and three system failures over the past year. Similar outages were reported by 40% of the insurance companies surveyed and by 71% of the securities firms.
Source: The Star Online : TechCentral
The figures are just not very reassuring, and the worst part is, they did not reveal which companies has taken part in the survey which I think is very important as it will really gives the consumer a better idea of who to deal with when it comes to money.
And of course, being listed as a “safe bank” definitely will increase the confidence among the consumers, which in the end, justifies the ROI for the investment in the recovery systems.
On the other note, I don’t mind seeing extra figures when I check my balance at the ATM :-)
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