**Disaster Recovery and Business Continuity Plan** **Effective Date:** ___ [Date] ___ **Issued by:** **Midas Technologies LLC** This Disaster Recovery and Business Continuity Plan (“Plan”) outlines the procedures and protocols for **Midas Technologies LLC** to prepare for, respond to, and recover from disruptions, ensuring minimal impact on critical business functions, data integrity, and client services. --- ### 1. **Purpose and Scope** - **Purpose**: The purpose of this Plan is to provide a framework for disaster recovery and business continuity to protect Midas Technologies LLC’s assets, including data, infrastructure, and personnel, and to ensure the swift resumption of critical business functions following a disruption. - **Scope**: This Plan applies to all employees, contractors, and third parties responsible for business operations, technology infrastructure, and data handling at Midas Technologies LLC. ### 2. **Critical Business Functions** Midas Technologies LLC identifies the following as critical business functions that must be prioritized during recovery efforts: - **Data Integrity and Access**: Ensuring access to trading algorithms, data models, and financial records. - **Client Communications**: Maintaining communication channels with clients and partners to inform them of the status and continuity of services. - **Infrastructure and System Functionality**: Protecting key infrastructure, including servers, applications, and networks required for data analysis and trading operations. ### 3. **Risk Assessment and Potential Threats** The following potential threats are addressed in this Plan: - **Natural Disasters**: Floods, earthquakes, hurricanes, or other natural events that could disrupt operations. - **Cyber Threats**: Malware, ransomware, phishing attacks, and data breaches that threaten IT systems and data security. - **Power and Network Failures**: Interruptions to power supply or internet connectivity that may impact data access and operational continuity. ### 4. **Backup and Recovery Protocols** - **Data Backup**: Data is backed up daily and stored on secure, encrypted cloud servers. Weekly full backups are conducted to preserve complete data records. - **Recovery Time Objective (RTO)**: The Company aims to restore critical functions within **24 hours** following a disruption. - **Recovery Point Objective (RPO)**: Midas Technologies LLC aims to ensure data recovery up to the last backup point, typically within **24 hours** of any event. ### 5. **Communication Plan** - **Internal Communications**: In the event of a disruption, the designated response team will communicate with all employees, providing instructions and updates through email, messaging platforms, or emergency contact numbers. - **Client and Partner Notifications**: Clients and partners will be notified of the disruption, its impact, and the expected timeline for recovery through official communication channels, including email and company website updates. - **Designated Spokesperson**: The COO or another designated leader will serve as the spokesperson responsible for all external communications during a disaster. ### 6. **Data Protection Measures** - **Data Encryption**: All data, both in transit and at rest, is encrypted using industry-standard protocols to ensure confidentiality and integrity. - **Access Control**: Access to backup and recovery systems is restricted to authorized personnel. Two-factor authentication (2FA) is enabled for all accounts with access to backup data. - **Regular Testing**: Backup systems and recovery protocols are tested semi-annually to validate data integrity and assess recovery capabilities. ### 7. **Designated Personnel and Responsibilities** - **Disaster Recovery Team**: The Disaster Recovery Team (DRT) is responsible for activating and coordinating the Plan in response to a disruption. Team members include: - **IT Lead**: Manages technical recovery operations, including system restoration, data recovery, and IT support. - **Operations Manager**: Coordinates continuity efforts for business operations and manages communication with clients and partners. - **Compliance Officer**: Ensures that all recovery activities comply with regulatory requirements and maintains documentation of the recovery process. ### 8. **Testing and Maintenance of the Plan** - **Annual Review**: The Plan is reviewed annually to incorporate any changes in technology, personnel, or business structure. - **Testing**: Disaster recovery simulations are conducted every six months to evaluate and improve response time, efficiency, and overall effectiveness. - **Employee Training**: All employees receive training on their roles and responsibilities under this Plan. Key personnel participate in annual training to reinforce protocols and ensure readiness. ### 9. **Plan Activation and Execution** - **Plan Activation**: In the event of a qualifying disruption, the DRT will assess the situation and determine whether to activate this Plan. Activation requires approval from the COO or designated authority. - **Execution Phases**: 1. **Assessment**: Evaluate the disruption's impact on business functions and determine immediate priorities. 2. **Recovery**: Implement data recovery and infrastructure restoration procedures to resume critical functions. 3. **Communication**: Notify employees, clients, and partners about the disruption status and recovery progress. 4. **Resolution**: Monitor restored functions and ensure all systems are fully operational before closing the incident. ### 10. **Post-Incident Review** - **Debriefing**: Following the resolution of a disaster or disruption, the DRT will conduct a post-incident review to assess response effectiveness and identify areas for improvement. - **Documentation**: The DRT will document all recovery activities, decisions, and outcomes to provide a basis for future improvements and ensure compliance with regulatory requirements. ### 11. **Acknowledgment of Disaster Recovery and Business Continuity Plan** - All employees and contractors are required to sign an acknowledgment of this Plan, confirming their understanding of and commitment to following disaster recovery and business continuity protocols. --- **Acknowledgment of Disaster Recovery and Business Continuity Plan** By signing below, I acknowledge that I have read, understand, and agree to comply with the Midas Technologies LLC Disaster Recovery and Business Continuity Plan. | **Employee’s Name** | **Signature** | **Date** | |----------------------|---------------|----------| | | | |