Remove BCM Remove Business Continuity Remove Insurance
article thumbnail

CrowdStrike: Lessons on the Importance of Contracts, Insurance and Business Continuity

IT Governance BC

According to Parametrix , an insurance company specialising in Cloud outages, cyber insurance policies likely cover up to 10–20% of losses only. Having a business continuity plan [BCP] is invaluable, but you can’t foresee every type of event. Then there’s insurance. of its share price. And if so, how? It’s tricky.

article thumbnail

BCM Basics: The Strategic Side of Crisis Management  

MHA Consulting

This post is part of BCM Basics, a series of occasional, entry-level blogs on some of the key concepts in business continuity management. Cyber response is not just a technical plan but the business and reputational items that should be addressed and integrated. Training and awareness.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Risk Management as a Career: A Guide for BCM Professionals

MHA Consulting

They include process and procedural robustness and integrity; people, skills, and training; insurance and self-insurance; the supply chain, outsourcing, and inherent risk; infrastructure, systems, and telecommunications; and physical and information security. Reducing risk. Transferring risk. Accepting risk.

article thumbnail

An Introduction to FFIEC: BCM’s Gold Standard

MHA Consulting

FFIEC in our industry is best known for providing the business continuity management standard that U.S. FFIEC is, of course, one of many standards that organizations can adopt and seek to come into alignment with to strengthen their BCM programs. For this reason, it is often referred to as the Gold Standard of BCM standards.

BCM 95
article thumbnail

Business Continuity Planning for Small & Medium-Sized Organizations

Stratogrid Advisory

Business Continuity Planning for Small and Medium-Sized Organizations Last Updated on May 31, 2020 by Alex Jankovic Reading Time: 4 minutes Readers note: Please check our recently published high-level Business Continuity Planning guide. There is not much time to deal with “non-essential” business problems.

article thumbnail

Business Continuity Planning for Small & Medium-Sized Organizations

Stratogrid Advisory

Business Continuity Planning for Small and Medium-Sized Organizations. Readers note: Please check our recently published high-level Business Continuity Planning guide. . non-profits, law or accounting firms, insurance firms/brokers, professional service firms, architecture firms, etc.) Reading Time: 4 minutes.

article thumbnail

Top reasons why Business Continuity Planning is ignored!

Stratogrid Advisory

Top reasons why Business Continuity Planning is ignored! The business is always busy, and because of this, it comes up with a myriad of justifications for ignoring Business Continuity Planning efforts. Top justifications why Business Continuity Plan is not implemented. Reading Time: 4 minutes.