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Business Continuity Plan

Posted on February 14, 2020
  
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Does your business have a continuity plan? If you have answered yes, then ask yourself this. Do you believe your business continuity plan can successfully deal with emergencies or unexpected events? With cyber-attacks on the rise companies must ensure that they have set a plan in the event they fall victim to a cyber-attack. The International Organization for Standardization defined “business continuity” as the capability of an organization to continue the delivery of its products or services, at acceptable predefined levels, following a disruptive incident.

Business continuity management involves several key activities:

  • Identification and analysis of key products and services of the business
  • Identification and analysis of the most urgent activities and processes of the business
  • Identification of potential threats, and their impacts to business operations
  • Devising of plans and strategies for quick and effective recovery from any disruption, and the continuation of business operations

There are quite a few benefits of having a business continuity plan: 

  • Will boost employees moral and their loyalty to the company
  • Avoid the loss of business revenue
  • Improves the overall efficiency of the organization
  • Minimizes the effect of a disruption to an organization

The components of a business continuity plan:

  • Strategy: Objects that are related to the strategies used by the business to complete day-to day activities while ensuring continuous operations
  • Organization: Objects that are related to the structure, skills, communications and responsibilities of its employees
  • Applications and data: Objects that are related to the software necessary to enable business operations, as well as the method to provide high availability that is used to implement that software
  • Processes: Objects that are related to the critical business process necessary to run the business, as well as the IT processes used to ensure smooth operations
  • Technology: Objects that are related to the systems, network and industry-specific technology necessary to enable continuous operations and backups for applications and data
  • Facilities: Objects that are related to providing a disaster recovery site if the primary site is destroyed

Your company should take the time to test their BCP to ensure there are no weaknesses. Remember how much a disaster can effect your company if you do not have the right plan set up. 

 

Sources: 

(https://www.cleverism.com/write-business-continuity-plan/)

(https://www.ibm.com/services/business-continuity/plan)

Tagged Security, Business, Apogee, 2020

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