http://www.computerworld.com/action/article.do?command=viewArticleBasic&articleId=9033378 By Patrick Thibodeau August 28, 2007 Computerworld What may be the largest pandemic planning exercise ever conducted in the U.S. is set to begin next month. The dry run will force financial services firms to operate with shrinking numbers of employees -- on paper, at least. More than 1,800 organizations have signed up to participate in the three-week simulation, which is being sponsored by the U.S. Department of the Treasury and the Securities Industry and Financial Markets Association. The exercise will also cover telecommunications issues. But it won't cause any service disruptions, such as long lines at ATMs or problems reaching online banking sites. Instead, participants will gather in conference rooms and assess how their businesses would be affected if a bird flu outbreak or other pandemic resulted in major reductions in the number of available employees. Jim Binder, a spokesman for The Operations Clearing Corp., said the Chicago-based provider of derivatives clearing and settlement services will have 30 to 40 workers involved in the planning exercise. The full details of how the simulation will unfold are being kept secret until it starts Sept. 24, Binder said. But, he added, the program will follow a compressed time frame that simulates the impact of a 12-week pandemic wave. Participants will be given information on how many absentee employees they can expect. Companies won't know exactly how hard they will be hit with sick calls from employees until this data is made available, Binder said. In addition, participating companies won't be able to pick and choose the level of workforce reductions they get hit by. Binder said some effort will be made to randomize the process, possibly by forcing companies to function without employees whose last names begin with certain letters. The test is based on a similar exercise conducted last fall in the U.K. by the Financial Services Authority (FSA), an independent body that regulates the financial services industry there. The U.K. simulation used employee absenteeism levels that began at 15% at the onset of the pandemic and then reached as high as 60% in some business units. In a report (download PDF [1]), the FSA said the exercise showed that some banks would be forced to close branches and reduce banking services, including ATMs. According to the FSA, the test also raised questions about whether the U.K.'s telecommunications infrastructure would be able to support large-scale teleworking for a prolonged period as staff shortages eroded the maintenance capabilities of service providers. Telecommunications vendors will participate in the U.S. exercise, Binder said. The simulation will be jointly conducted by the Financial Banking Information Infrastructure Committee, which is chartered by the White House to improve coordination among financial regulators, and the Financial Services Sector Coordinating Council, a Chicago-based association of major financial services firms and trade groups. [1] http://www.fsa.gov.uk/pubs/other/mwe2006.pdf ____________________________________ Attend HITBSecConf2007 - Malaysia Taking place September 3-6 2007 featuring seven tracks of technical training and a dual-track security conference with keynote speakers Lance Spitzner and Mikko Hypponen! - Book your seats today! http://conference.hitb.org/hitbsecconf2007kl/
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