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In business continuity, there are around five to 10 measures that are commonly regarded as the key mitigation controls. These are the measures we can implement to reduce the risk at our organizations, increasing our resilience, and making us better prepared to deal with disruptions. Recovery Team. Training and Awareness.
Contrary to popular belief, business continuity extends far beyond IT recovery. In times of crisis, a comprehensive business continuityplan ensures that every facet of the organization is resilient. Myth 2: Business ContinuityPlans Are Only for Large Enterprises.
For those new, to Business Continuity the Importance of Business Continuity provides a brief overview of what business continuity is and why you should have a continuityplan, but more importantly how to get started developing and implementing your own program for business resilience and preparedness.
(It is often incorrectly assumed that the vendor handles backup and recovery for SaaS/cloud-based applications, relieving the organization of the need to think about this.) Gaps in IT recovery and business availability/recovery requirements. The full nature and complexity (or lack thereof) of the processes.
This alternate view to organizational resilience is contributed to because of business continuityplanning and putting together the pieces to recover from disasters. Budgeting for Resilience Nobody who survived a sinking boat ever complained about the cost of the life preserver. BC/DR is no different.
In addition to preventing severe financial losses, it can prevent companies from “cl osing their doors” To celebrate April’s Financial Literacy Month, I will share examples of what happens when you do not have a plan and outline strategic steps on how to build a resilient organization during the next crisis.
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