Question

Develop a Incident Response and Business Continuity Planning for Eqauifax

Answer 1

Eqauifax is a platform which retrieve the important information for the customer from the data given . It helps in portfolio Management, microfinance, Credit rating , risk management etc . It helps in access the Decision policies by managing the information and providing services.

Its main products are Consumer credit report to manage the risk and Future Growth, Microfinance Data Exchange for the Lenders and Borrowers, Portfolio management and Assimilation of multiple bureaus, Value added services like Risk portfolio, Credit Rating of Customers and portfolio etc.

Incident Response (IR) and Business Continuity Planning:

• The IR is responsible or capable of handling a need based exception Reporting by Retreive the important information for the clients rather than voluminous data.
• It helps in develop the Information security software to manage the product and services of the customers of Eqauifax.
• There are Five stages for the IR and Business Continuity in reference to Eqauifax.
• Plan and Prepare is the first stage where It sets the password and Encryption keys of the Customer profile.
• Management Information for operational planning , decision making and control required here.
• second stage is Detect and report where Management information such as fraud management, credit risk, portfolio, governance monitoring etc are controlled. Transaction processing Inquiry Response is done .
• Third stage is Reporting, assessed , and decision support system as per ISO .
• Fourth stage is Respond where information modified due to the need that it can be such that it leads to some action , decision or investigation or research.
• Than the final result to the end user of the eqauifax.