Remove Continuity Planning Remove Insurance Remove Outage
article thumbnail

Can You Afford Business Continuity Planning?

KingsBridge BCP

Really, you don’t have a choice but to afford Business Continuity Planning. Admittedly, plans do not come free. But the costs to your business will be much lower than if you have to clean up after a disaster and don’t have a plan. Why You Need a Plan. Why You Need a Plan. In a word: Yes. Not convinced?

article thumbnail

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

IT Governance BC

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Nine budget friendly ways to prepare your commercial building BEFORE the winter season

Disaster Safety

Severe winter weather is a significant cause of insured catastrophic losses and is a risk for many businesses across the country, including portions of the typically warmer southern United States. Avoiding a power outage can save a day or two of business interruption. Create a business continuity plan.

Insurance 129
article thumbnail

Every Business Continuity Plan Should Include Disaster Recovery

everbridge

The disaster recovery plan must also contain a contingency plan: What is plan B in the case of an outage, who will guide personnel through plan B, and how will employee training be conducted? After all, a plan only works if the workforce can follow it. The True Value of Business Continuity.

article thumbnail

An Introduction to FFIEC: BCM’s Gold Standard

MHA Consulting

Collectively, these guidelines make up the FFIEC Business Continuity standard, whose purpose is to make sure the banks and other financial institutions that are required to follow it can continue to operate even if they are hit with a disruption. The FFIEC standard can be found here, and it’s completely free. Not even close.

BCM 95
article thumbnail

Business Continuity as a Business Strategy

Disaster Recovery Journal

Unexpected power outages and equipment failures were familiar events that crippled technology but not manual procedures. The firm had an advantage in understanding the legal frustrations surrounding insurance claims, city investigations, and client services. The structure of a partnership allowed multiple layers of decision-making.

article thumbnail

Business Continuity as a Business Strategy

Disaster Recovery Journal

Unexpected power outages and equipment failures were familiar events that crippled technology but not manual procedures. The firm had an advantage in understanding the legal frustrations surrounding insurance claims, city investigations, and client services. The structure of a partnership allowed multiple layers of decision-making.