BCP/DR Testing refers to the systematic verification of Business Continuity Plans (BCP) and Disaster Recovery (DR) capabilities to ensure the resilience and operational stability of critical systems following disruptive events. In crypto environments, this confirms the uninterrupted availability of trading platforms, custody solutions, and settlement infrastructure, maintaining continuous service for institutional participants.
Mechanism
This testing involves simulating various failure scenarios, such as network outages, data center compromises, or software defects, to validate the effectiveness of redundant systems, data backups, and recovery procedures. It encompasses the activation of secondary sites, failover mechanisms, and the restoration of data integrity, with a focus on meeting predetermined Recovery Time Objectives (RTO) and Recovery Point Objectives (RPO).
Methodology
The methodology includes tabletop exercises to review plans, followed by functional drills that execute recovery procedures without impacting live operations, and full-scale simulations that involve actual system cutovers. Post-test analysis identifies weaknesses, quantifies recovery performance against benchmarks, and dictates necessary revisions to BCP and DR strategies, thereby reinforcing the operational robustness of institutional crypto trading and RFQ systems.
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