Finance
Business continuity & disaster recovery in finance: Endpoint resiliency in a high-stakes world
In financial services, “time is money” is more than a saying — it’s an unforgiving law. A few hours of downtime can mean millions lost, confidence shaken, and regulators knocking.
As firms invest heavily in data protection, disaster recovery, and infrastructure redundancy, one critical layer often remains underinvested: endpoint resilience. The devices that connect analysts, traders, portfolio managers, risk teams, and back‑office staff to core systems are often the weakest link, and when they fail, the rest of the architecture can’t save you fast enough.
Why endpoints are the last mile of risk
Regulators are already raising the bar. The FFIEC’s modern guidance for U.S. financial institutions reframes the standard from simple business continuity and disaster recovery (BC&DR) plans to operational resilience, demanding full continuity even under cyber disruption. In 2025, global regulatory regimes are similarly shifting, like DORA in the EU, for example, mandating rigorous ICT risk management, continuity, and incident response rules across financial institutions. It isn’t enough to recover your back-end systems; your users must be able to reconnect securely and fast.
Here’s the hard truth: More than half of attacks in financial services begin at endpoints. In 2024, 65% of financial institutions reported ransomware attacks. Of those, 49% experienced full encryption of data, though many also mitigated before full encryption. The average recovery cost (excluding ransom) in finance hit $2.58M in 2024, and ransom demands routinely range into the millions.
When systems grind to a halt in finance, the effect isn’t just measured in spreadsheets — it’s seen on the trading floor, in anxious client calls, and across frozen payment screens. Downtime isn’t just a technical hiccup; it erodes trust and sends shockwaves across the business. A few minutes offline can mean missed trades, unsettled deals, and regulatory headaches that persist long after recovery.
Today, most downtime is tied to security incidents and not just IT failures. That means the pressure is higher, and expectations from regulators and clients are relentless. Traditional fixes like hardware swaps or reimaging can’t keep up. In finance, recovery needs to be instant, seamless, and leave no room for doubt because every moment counts.
The real costs of traditional endpoint recovery in finance
Let’s examine a few real-world barriers:
- Scale & complexity: Financial institutions often manage tens of thousands of endpoints across trading floors, branch networks, remote staff, and data centers.
- Critical prioritization: Some devices, such as those running trading desks or risk models, must come back online before others.
- Forensic & compliance integrity: Overwriting or wiping devices can destroy audit trails needed for post-incident investigations and regulatory reviews.
- Latency to value: Shipping replacement devices or reimaging at scale introduces unacceptable delays.
- Dependency on VDI/remote desktop: But what if the endpoint itself is compromised or can’t initiate the remote session? That fallback collapses under attack.
Even in the most mature BC/DR strategies, endpoint recovery is typically an overlooked blind spot.
IGEL: Embedding continuity into every endpoint
IGEL’s approach to BC&DR closes this gap with endpoint‑level resilience that matches the expectations in finance. Instead of treating endpoints as passive dependencies, IGEL turns them into active recovery enablers.
- IGEL Dual Boot & USB fallback: Each device boots into an immutable IGEL environment separate from the main system, so users can regain secure access instantly, without wiping or losing the original partition.
- Scale with control: IGEL Universal Management Suite (UMS) orchestrates recovery across thousands of endpoints from one console while enforcing policy and priority.
- Preserve forensic integrity: The compromised partition remains untouched, preserving logs and evidence for regulators and investigations.
- Regulator-ready workflow: IGEL’s architecture aligns with operational resilience frameworks (e.g. DORA, FFIEC, local mandates), enabling auditable and rapid recovery steps.
- Minimized disruption: No hardware swaps, no freight delays, no extended downtime. Users reboot and resume work in minutes — not hours, not days.
For finance, this is more than a technical improvement, it’s a structural advantage. Imagine a trading desk seamlessly rebooting into a clean environment while IT investigates.
Making endpoint recovery the next pillar of resilience
To adopt endpoint resilience, financial leaders should:
- Reframe endpoint risk: View endpoints as active assets in recovery, not passive liabilities.
- Simulate real attacks: Test a full-scale endpoint compromise in tabletop and live drills.
- Tier your devices: Assign priority levels (trading, risk modeling, client-facing) and map recovery SLAs accordingly.
- Integrate IGEL BC&DR: Deploy the IGEL Dual Boot failover plan across endpoints layered into your continuity playbooks.
- Audit & certify: Use IGEL’s immutable architecture and audit trails to satisfy regulators demanding proof of quick, reliable recovery.
Conclusion: Not just resilience — Continuity without compromise
In finance, downtime bleeds value faster than any other domain. The best business continuity and disaster recovery strategies already protect data, applications, and infrastructure. But true resilience demands one more layer at the endpoints.
IGEL BC&DR empowers financial services firms to convert their most vulnerable assets into recovery enablers, shrinking downtime from days to minutes, safeguarding compliance, preserving forensic visibility, and keeping clients, stakeholders, and regulators confident through disruption.
If you’re ready to elevate your continuity approach and embed resilience where it really matters, see IGEL in action today.
Finance
Low-income Chinese girl aces gaokao, inspires live-streamers offering help
A girl from a disadvantaged rural family in central China topped this year’s gaokao, attracting numerous live-streamers eager to finance her education, which she declined.
The home of 18-year-old secondary school graduate Han Yaping in a Henan province village was recently bustling with live-streamers.
This attention came after Han achieved an impressive score of 699 out of 750 in the gaokao, China’s national college entrance exam.
She has received offers from China’s two leading universities, Tsinghua University and Peking University.
Han’s accomplishment is particularly remarkable given her family’s impoverished circumstances.
Her mother suffers from ankylosing spondylitis, an inflammatory arthritis affecting the spine, preventing her from working. Her father, who earns a living through farming and odd jobs, serves as the family’s sole provider. Han also has a younger sister.
Finance
UK financial regulator publishes landmark AI review
The UK’s Financial Conduct Authority (FCA) published a landmark review on Monday that proposes recommendations to regulate the impact of artificial intelligence (AI) on the financial decisions made by consumers.
The review, titled the Mills Review, anticipates that both consumers and firms will start delegating “more financial decision-making to AI systems,” including for agreements, initiating transactions, and executing decisions “within agreed parameters.” One of the key findings of the review outlined that while AI can help bridge advice gaps and “support growth,” there remain risks “associated with fraud, cyber security, and consumer harm.” Conducting the review, Sheldon Mills highlighted that “AI can also amplify risks: bias, discrimination, exclusion, opaque decision-making (particularly when multiple AI models interact), misleading or hallucinatory advice and erosion of consumer trust.”
The review stated that presently, one in five adults in the UK are “already open to AI making decisions for them,” particularly when decisions feel “complex or high stakes.” It found that roughly 26 percent of the population “trust general-purpose tools such as ChatGPT, Claude or Gemini for financial advice” with little awareness that such platforms provide no “formal routes to recourse” or protections.
Overall, the Mills Review identified four areas that it anticipates will be impacted by AI in the financial sector: “the transformation of firms,” “new consumer journeys,” “a reshaped competition landscape,” and “amplified financial crime and cyber risk.” The FCA projected the shift in how consumers and firms consult AI to take place by 2030.
The Mills Review put forth seven “priority” recommendations to be considered by the FCA Board. It recommended that any transitions to autonomous AI models be monitored and that regulatory frameworks and perimeters be adapted and secured. The review called for the strengthening of “system-wide coordination and oversight,” the scaling up of the FCA’s AI Lab to enable it to support AI models and innovation for agentic finance, and an “AI-enabled agentic supervisory model” to be built and adopted. Finally, it recommended that a trusted “public-interest AI-enabled financial capability service” be developed.
The FCA announced, in the press release, that it will launch an AI “good and poor practice publication” in late 2026.
Finance
Fayette County Public Schools Board of Education approves audit contract, new finance director position
LEXINGTON, Ky. (WKYT) – The Fayette County Public Schools Board of Education approved a one-year audit contract capped at $131,750 plus $225 per hour during a virtual meeting Monday, along with a new finance director job description.
The contract is with Mauldin & Jenkins Certified Public Accountants, an Atlanta-based firm, and covers the 2025-26 fiscal year and the restatement of the 2024-25 fiscal year and ancillary services through FY 2029-2030. The work is set to be completed by Nov. 15.
The board approved the contract in a 5-0 vote.
Audit contract details
Interim Chief Financial Officer Kyna Koch said the cost is already accounted for in the district’s budget.
“And is actually less than we expected given our current situation — we were thrilled with the bid,” Koch said.
Koch said she believes this is Mauldin & Jenkins’ first school district audit in Kentucky, but that the firm works with school districts of more than 100,000 students throughout the Southeast.
“Quite frankly when I spoke to the folks at KDE they were thrilled because we’re running kind of short of auditors who want to do school district audits — so all around I think this was a win-win for everyone,” Koch said.
New finance director position
The board also approved a new job description for the position of Director of Finance. Acting Superintendent Dr. Bill Bradford said the title will replace two associate director positions.
“Which will not only save the school district money but it’s also going to streamline our work and align internal controls to make room for a more efficient unit,” Bradford said.
Koch said the position will be posted as soon as possible following the board’s approval.
Closed session
The board went into closed session for more than an hour to discuss pending investigations that could lead to employee discipline. When the board returned, it took no action and adjourned the meeting.
Copyright 2026 WKYT. All rights reserved.
-
New Hampshire2 minutes agoDozens Arrested During Fourth Of July Holiday Weekend Enforcement: New Hampshire State Police Roundup
-
New Jersey5 minutes agoWater rescue in the ocean off Wildwood, New Jersey caught on video
-
New Mexico10 minutes agoWhat will it take to get the Rio Grande flowing again?
-
North Carolina17 minutes agoNorth Carolina man accused of shooting and killing another tourist inside of a Broward Airbnb, police say
-
North Dakota20 minutes agoGov. Armstrong seeks federal disaster declaration after storms cause $4.6M in damage across North Dakota
-
Ohio25 minutes agoSiders’ Ohio house of horrors: locals react to ‘den of evil’
-
Oklahoma32 minutes agoNCAA Not Done with Kashie Natt, Oklahoma State After Legal Ruling
-
Oregon35 minutes agoA Song Gives a Look Into Oregon’s Largest Juvenile Corrections Facility