27 July 2016
Find out more

Lloyds' disaster recovery put to the test in employment tribunal case

11 January 2013  |  9804 views  |  0 Lloyds TSB branch

A senior Lloyds executive is suing the British bank for £1 million in lost earnings, alleging that he was forced out of his crisis management post after blowing the whistle on "startling" failures in IT disaster recovery systems.

In a submission to the Central London Employment Tribunal, Stephen Clements, 51, claims that two-thirds of the bank's systems were not subject to resiliency tests, leaving "very serious gaps in our ability to recover critical IT systems".

The former head of business continuity at Lloyds alleges that the problems were so severe that they would have cost £200 million to repair.

When he raised the issue with senior management, Clements says he was told the 'burn the paper' on his report and "never bring it out again". He alleges a deliberate cover up to bury the problem due to the reputational risk attached to the issue and the high cost of repairing the flaws.

Clements quit his post in July, just four months after raising the alarm, after he was threatened with a transfer to another post because of his age.

The bank has denied the allegations.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

New Year celebrations delayed by Lloyds ATM failure

New Year celebrations delayed by Lloyds ATM failure

02 January 2013  |  7571 views  |  0 comments | 6 tweets | 3 linkedin
Lloyds Banking Group and Co-op customers hit by systems glitches

Lloyds Banking Group and Co-op customers hit by systems glitches

05 October 2012  |  7726 views  |  0 comments
Lloyds' former security head jailed for nine years for £2.4 million swindle

Lloyds' former security head jailed for nine years for £2.4 million swindle

21 September 2012  |  7010 views  |  2 comments
Lloyds to run IT for Co-op branch network

Lloyds to run IT for Co-op branch network

19 July 2012  |  5500 views  |  0 comments
Lloyds cuts 100 IT jobs, offshores 300

Lloyds cuts 100 IT jobs, offshores 300

13 March 2012  |  5585 views  |  0 comments
Lloyds axes 990 UK back office roles

Lloyds axes 990 UK back office roles

07 February 2012  |  5464 views  |  0 comments
Lloyds set to axe 15,000 more jobs - report

Lloyds set to axe 15,000 more jobs - report

13 June 2011  |  7411 views  |  0 comments
Lloyds cuts 570 jobs; looks to outsourcing

Lloyds cuts 570 jobs; looks to outsourcing

18 March 2011  |  10551 views  |  0 comments
Lloyds to chop 4500 IT jobs

Lloyds to chop 4500 IT jobs

13 October 2010  |  10825 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comVisit VocaLink.comFind out more

Top topics

Most viewed Most shared
satelliteContactless Bitcoin startup Plutus Tap &am...
9361 views comments | 9 tweets | 4 linkedin
MasterCard agrees £700m VocaLink acquisitionMasterCard agrees £700m VocaLink acqu...
9261 views 14 comments | 32 tweets | 38 linkedin
Apps crush internet for UK banking loginsApps crush internet for UK banking logins
7844 views comments | 18 tweets | 25 linkedin
hands typing furiouslyHow machine learning can cut costs on tran...
5945 views 0 | 9 tweets | 3 linkedin
Thomson Reuters and Imperial College form fintech and regtech research partnershipThomson Reuters and Imperial College form...
5911 views comments | 29 tweets | 16 linkedin

Featured job


Brussels (Belgium) or Paris (France)

Find your next job