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In the wake of the recent unforeseen global pandemic, many organizations are thinking about what they have done, what they should have done, and what they need to do in the future in order to maintain normal business operations during times of disaster. So, why do most not have continuity or resilience on their radar?
This post is part of BCM Basics, a series of occasional, entry-level blogs on some of the key concepts in businesscontinuity management. The terms businesscontinuity and business resilience are superficially similar and a world apart.
This post is part of BCM Basics, a series of occasional, entry-level blogs on some of the key concepts in businesscontinuity management. For businesscontinuity newcomers, few topics are as confusing as the difference between businesscontinuity and IT disaster recovery. Let’s go over them.
In the wake of the recent unforeseen global pandemic, many organizations are thinking about what they have done, what they should have done, and what they need to do in the future in order to maintain normal business operations during times of disaster. So, why do most not have continuity or resilience on their radar?
This post is part of BCM Basics, a series of occasional, entry-level blogs on some of the key concepts in businesscontinuity management. People new to our field are often puzzled by one of its key terms: “continuity.” We’ll get to the meaning of the term “businesscontinuity” in a moment.
In today’s post we’ll look at the top 10 free or almost free resources businesscontinuity management professionals can utilize to help them raise their BCM skills and effectiveness to ninja level. However, there is one aspect of doing BCM that is much better and easier than it was when I was getting started 25 years ago.
Knowing what roles should be represented on the businesscontinuity management (BCM) team and what kind of people should fill them is an overlooked key to success in making organizations resilient. The roles that should be represented on a company’s BCM team change over time depending on the maturity of the program.
Many organizations struggle with establishing a sound businesscontinuity strategy, a foundational aspect of a strong BC program. Follow these seven steps to implement a BC strategy that can help you swiftly recover your business processes in the event of an outage. BusinessContinuity Manager.
Building a BusinessContinuity Plan for the Manufacturing Industry. To protect their organizations from negative impacts, leaders must prioritize the development of a businesscontinuity plan (BCP). Businesscontinuity plans are important in all industries, but especially for those in manufacturing.
Having quality documentation is an important part of a sound businesscontinuity management program, but it’s not the most important part. These may be different than the workarounds used in a non-cyber application outage. It helps organizations identify gaps, train their teams, and respond effectively during outages.
Read on for a list of a dozen businesscontinuity practices that have fallen into disuse or are no longer recommended. Related on MHA Consulting: All About BIAs: A Guide to MHA Consulting’s Best BIA Resources The past twenty-five years have seen a lot of changes in the world especially as pertains to business.
The same thing is true of organizations and businesscontinuity professionals. Right now, the pace of change in the broader society is as fast as I’ve ever seen it, and that looks to continue for the foreseeable future. I’ll explain what that is at the end. Operational resilience.
Mitigating supply chain risk After widespread coverage, the CrowdStrike outage from 19 July 2024 hardly needs an introduction. The outage was caused by a bad security update rolled out by CrowdStrike. Without question, this is one of the most expensive IT outages to date, with significant global impact. million Windows devices.
Extreme weather is making power outages more frequent, and work from home has not made the issue go away. government has concluded that climate change and extreme weather are raising the incidence of power outages. The post Powering On: How to Be Ready for a Power Outage appeared first on BCMMETRICS. Meanwhile, […].
Disaster Recovery vs. BusinessContinuity Planning. While it may seem like a disaster recovery plan and a businesscontinuity plan are the same, businesses must consider their differences. A successful businesscontinuity plan must begin with the development of each smaller supporting facet.
FFIEC in our industry is best known for providing the businesscontinuity 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.
The year 2022 saw the tapering off of the pandemic, the invasion of Ukraine by Russia, an ongoing wave of cyberattacks, continuing supply chain woes, and a renewed focus by organizations on identifying and protecting their most essential business processes. Read on to learn about the BCM year in review.
Those with high-level businesscontinuity plans in place will be putting elements of these into action. For those looking to tighten up or perhaps even craft a businesscontinuity plan for the first time, here’s a helpful checklist to follow. BusinessContinuity Plan Checklist . Yet, here we are.
Businesscontinuity management. BCM (businesscontinuity management) is a form of risk management that deals with the threat of business activities or processes being interrupted. Businesscontinuity planning and disaster recovery planning. Incidents can disrupt any organisation at any time.
The best way to do this is by making sure businesscontinuity is integrated into a robust information security governance framework. A company that has suffered an outage or disruption for any reason, and which is in the process of recovering its systems and operations, is at a heightened level of vulnerability to every type of event.
Reducing risk is at the heart of everything we do as businesscontinuity professionals. Residual Risk There are two main kinds of risk when it comes to organizational activities and businesscontinuity: inherent risk and residual risk. Inherent risk is the danger intrinsic to any business activity or operation.
Businesscontinuity professionals who want to make their organizations more resilient should make a conscious effort to become gap hunters. Sorting out such problems can take hours if not days, an expensive proposition if the issue is prolonging an outage. This can be crippling during an outage. Unrealistic tests.
In terms of bang for the buck, not all businesscontinuity activities are created equal. Similarly, in businesscontinuity, there’s a big difference between having a planned manual workaround and being able to execute on the workaround under pressure. Unprecedented outages occur all the time.
Far from relieving organizations of the responsibility of recovering their IT systems, today’s cloud-based and hybrid environments make it more important than ever that companies know how to bring their systems back up in the event of an outage. Moreover, cloud-services providers are themselves susceptible to outages and failed recoveries.
We write a lot about BIAs in our blog and ebooks, and no wonder: the business impact analysis is the cornerstone of a sound businesscontinuity program. As a reminder, the BIA is a study that organizations carry out to figure out which of their departments, business processes, and systems are the most critically time sensitive.
Most organizations recognize the importance of having a sound businesscontinuity recovery plan, but many plans are undermined by the presence of overlooked weaknesses. In today’s post, we’ll look at 10 mistakes that companies commonly make in developing and implementing their BC plans. The document by itself is not sufficient.
Debunking the Myths of BusinessContinuity Unlocking the Truth: Navigating 20 Myths About BusinessContinuity Introduction: In the dynamic landscape of modern business, the importance of businesscontinuity cannot be overstated. Myth 2: BusinessContinuity Plans Are Only for Large Enterprises.
Everyone knows businesscontinuity planning can help organizations prepare for emergencies. In today’s post, I want to share five examples of situations where clients of ours were able to leverage elements of their BCM program to benefit non-BC aspects of their organizations. Such a program delivers more than meets the eye.
Related on MHA Consulting: Driving Blind: The Problem with Skipping the Threat and Risk Assessment The Need for Threat Intelligence Traditional businesscontinuity methodology leans heavily on the threat and risk assessment or TRA, in which the organization identifies potential threats and ranks them in terms of likelihood and potential impact.
The scenario was, “A regional internet outage has occurred; you have no internet access to the outside world. Continue operating your critical business operations.” The retro revolution in businesscontinuity is about documenting, practicing, and/or rebuilding the ability to conduct critical business processes manually.
Herrera Unplugged is an occasional series in which MHA Consulting CEO Michael Herrera shares his candid views on current hot-button businesscontinuity topics. You might think that a company spending a substantial sum for the advice of a businesscontinuity consultant would do everything it could to make the collaboration a success.
Try a Dose of Risk Management As a businesscontinuity professional, I tip my hat to any organization that makes a serious effort to reduce its risks. Successful risk mitigation requires that a central authority supervise controls following a coherent strategy. Related on MHA Consulting: Global Turmoil Making You Ill?
Because technology is vulnerable to disruption—and disruptions are on the rise—every organization should devise manual workarounds for its critical business processes. The scenario was, “A regional internet outage has occurred; you have no internet access to the outside […].
The risk maturity model is a key component of businesscontinuity. In today’s post, we’ll look at how such a model can help an organization understand its risks, mitigate the risks that threaten its core services, and integrate businesscontinuity with enterprise risk management, thus boosting resilience overall.
The risk maturity model is a key component of businesscontinuity. In today’s post, we’ll look at how such a model can help an organization understand its risks, mitigate the risks that threaten its core services, and integrate businesscontinuity with enterprise risk management, thus boosting resilience overall.
Two Types of Attacks Looking at the issue of healthcare cybersecurity from the businesscontinuity perspective, there are two types of attacks to consider: data breaches and ransomware attacks. In a data breach, an attacker breaks into the system and steals data such as patient health or credit card data.
In today’s post we’ll look at why organizations still need to be adept at IT disaster recovery (IT/DR) and describe the four phases of restoring IT services after an outage. Phase 1: Preparation Technically, preparation is not a phase of disaster recovery since it happens before the outage. Estimate how long the outage will last.
BusinessContinuity Planning Guide for Smaller Organizations Last Updated on June 4, 2020 by Alex Jankovic Reading Time: 26 minutes We all live in an unpredictable world. We recognize that many businesscontinuity planning terms and industry-leading methodologies can be foreign to your organization.
BusinessContinuity Planning Guide for Smaller Organizations. We recognize that many businesscontinuity planning terms and industry-leading methodologies can be foreign to your organization. It can be overwhelming if your organization has never implemented a robust businesscontinuity program.
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