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EDB Teamco: Enterprise Risk Management

EDB Teamco AS, a specialist in advanced IT operations and services, attacks the challenges of running mission-critical banking systems round-the-clock with the help of DNV Consulting.

Critical issues:

  • In August 2001, parts of EDB Teamco’s systems suffered a three-day breakdown, causing widespread disruption of bank services throughout Norway, especially for Internet-based banks and their users
  • The event, which caused headlines in the press, led EDB Teamco to investigate in detail its mission-critical systems, routines and security measures

Solution:

  • A business risk management system was implemented to pinpoint EDB’s weakest areas so that these could be dealt with in a proactive and systematic manner

Value delivered:

  • Our involvement in this process was received positively by the market, EDB’s customers and employees


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