Business Continuity

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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Alex Ellisdon, CCO & Creative Director, OSPREY LONDON