Being effective in Business Continuity firstly is to have a Business Continuity Plan (BCP). This will help to analyse all potential risk areas and convert these into informed decisions for mitigation at a specific level and appropriate cost. The BSI defines Business Continuity as “having a plan to deal with major disruption, like cyber-attacks, floods, and supply chain failures”.
|The Benefits of Business Continuity?
||Why does Business Continuity matter?
- Your clients will have peace of mind you are able to survive an incident
- Stakeholders are satisfied their data for example is safe
- Full alignment with your business strategy so it’s seamless
- Investment proportionate to the asset value at risk you don’t have to spend a small fortune to ensure you are more resilient than your competitors
- Full internal responsibility where staff roles know exactly what they have to do
- Formalises existing policies and procedures (those which are robust and proven) which can improve productivity
- Enhanced reputation and improves business status
- Increasingly your clients are asking for proof that you have appropriate measures in place
- Insurance companies are no longer satisfied with a thrown together “tick box” plan (particularly for Cyber Insurance)
- By undertaking a plan in Business Continuity, opportunities for improvement will present themselves
- A more comprehensive Risk Assessment approach not just for Systems but for people, buildings and the external environment etc. This will ensure your business is protected against many threats
- You could get left behind when being selected as an approved supplier
Typical stages of a Business Continuity Plan include:
To view this in detail, please download our free Business Continuity Data Sheet.
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