Observe proper checks and balances to avoid data loss

As a financial services professional, one of your key responsibilities is to find balance between your credits and debits at the end of the month, the quarter and the fiscal year. But what happens when debits or credits are missing, or when you cannot access vital records online?You could be facing a major problem.

You might assume that the IT guys will have backed up your data. But what if they didn't? What if your recent trades and transactions, a spreadsheet, some invoices, and dozens of customer-related e-mails were zapped by a power outage? What if the firm's backup system failed?