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Swine Flu: 5 Tips to Ensure Pandemic Preparation

Swine Flu: 5 Tips to Ensure Pandemic Preparation
Swine Flu: 5 Tips to Ensure Pandemic Preparation 

By Linda McGlasson
Managing Editor
Bank Infosecurity
April 29, 2009

The Swine Flu, if unchecked, could prove to be the pandemic that 
industry experts have warned about, and so financial regulators and 
institutions are preparing for the worst.

This new outbreak, which began in Mexico and has now spread to the US, 
Canada, several South American countries and parts of Europe and Asia, 
has led governments, including the U.S. to declare a state of emergency. 
The World Health Organization (WHO) on Monday changed its pandemic alert 
level to Phase 4 for the first time, which means the transmission of the 
Swine Flu has now reached sustained, human to human transmission. 
Pandemic status begins at Phase 5.

"All institutions should have contingency plans," says David Barr, 
spokesperson for the Federal Deposit Insurance Corporation (FDIC). 
Indeed, regulators have been closely watching the developments of 
pandemic planning by banking institutions, and issued two interagency 
advisories (Advisory 1 [1]; Advisory 2 [2]) on a pandemic flu situation.

The industry has prepared for such an event since 2006, says business 
continuity planning expert Dana Turner. "The question is: Are we ready? 
The answer is no. I think we're more aware -- there have only been 
tests, including the national industry desktop exercise held in the fall 
of 2007," Turner says. "But now we're facing the possibility of having a 
real pandemic."



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