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Business
Continuity Planning: A Byte of prevention is worth a
Gigabyte of cure
Account Manager,
Praxis Computing In 2005 we witnessed threats to our business systems and critical data undergo a dramatic evolution in sophistication. But how is this evolution of threats relevant to your organization? How should we be thinking about planning for these threats to our business, and what steps should we be taking to protect ourselves? As my father once told me, “Preparation and planning prevent poor performance.” To ensure that your organization remains healthy through difficult and unforeseen interruptions, it is of paramount importance to have a robust, detailed plan to mitigate and respond to the risk posed by the fast evolution of security threats. Over the past year, attacks have evolved from simple cyber-vandalism to sophisticated attacks, targeting the availability of your network and the theft of your customers’ and employees’ identity. Through sophisticated viruses, ad-ware, spy-ware, and bot-ware, cyber-thieves are targeting vital Internet resources, potentially effecting productivity and creating public relations nightmares. The 2005 CSI/FBI Computer Crime and Security Survey (Computer Security Institute www.gocsi.com) showed that virus attacks continue as the source of greatest financial losses. Unauthorized access showed a dramatic increase, replacing denial of service as the second most significant contributor to computer crime losses. However, the true impact of technology threats is likely even worse than shown, as many companies indicated they do not report security incidents because of concerns over negative publicity. Because IT resources are so essential to every organization’s success, it is critical that the services provided by network systems operate without unscheduled interruption. Downtime impairs productivity: employees’ individual production can be drastically affected, and lost hours multiplied by the burdened hourly rate causes huge loss for the small business and enterprises alike. Beyond direct expenses, security incidents can cause lost future revenue, affect cash flow, alter credit ratings, and even affect stock prices. Incidents can also lead to long term losses from damaged reputation with customers, suppliers, financial markets, and business partners. So, where do we begin approaching these risks? Albert Einstein once said, “Intellectuals solve problems, geniuses prevent them.” When considering the future plans for your business and aligning your information technology infrastructure with your business strategy, prepare for imminent and unforeseen events; do not wait for them to occur. So we must ask ourselves as business managers:
Business continuity planning answers these questions. Continuity planning is a business process to fortify security and ensure the maintenance and recovery of operations, when facing unforeseen events or attacks such as natural disasters, technological failures, human error, malicious code, viruses and cyber-crime. The objectives of a business continuity plan are to minimize financial loss to the company; continue to serve customers and mitigate the negative effects disruptions can have on a business’ strategic plans, reputation, operations, and ability to remain in compliance with applicable laws and regulations. An effective continuity planning process includes the following steps:.
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