BCP Basics How much do other companies spend on IT continuity? Between 2 and 6 percent of their IT budgets, according to Gartner analysts. Of course, many companies store their data off-site. But after 9/11, most managers now know: Disaster Planning Goes Beyond IT.

Good News One New York bank started doing BCP 14 years ago. Forbes.com tells the story of Fiduciary Trust's quick recovery, despite a direct hit on its office. Textbook example of the value of a good BCP.

Bad News Another bank will lose US$125 million in profits and "may lose business." The New York Times tells what happens when Bank of New York (BONY), which handles one-third of all securities transaction payments in the U.S., found holes in its BCP the hard way. The chairman defends the bank.