The BIA Delimma
There are many business benefits to the efficiencies that IT provides and the vast majority of functions have been automated. Today, businesses do more transactions, of greater value, faster than ever before. This intense dependence on technology has also introduced new risks and vulnerabilities that have large consequences.The PROBLEM with ‘Best Practices’ for Business Continuity
“Best Practices” is a popular expression of the intent to manage business continuity prudently. Best Practices are seen as a way to sidestep both the quantification of operational-risks, as well as, the objective evaluation of the cost-benefit for any proposed mitigation actions. There are several reasons why Best Practices “Are not.” best for Business ContinProtecting the Infrastructure from Operational Risk; A Real Competitive Advantage
Basel II Accord for International Banking Operational Risk is defined as, “Risk of loss from inadequate or failed internal; processes, people, and systems or external events “. When Processes, People or Systems fail, whether it be from internal or external events, the losses can be substantial. As an example, the Ponemon Institute estimates that worldwide organizat
Does your business continuity plan stand a chance against mayhem
Many organizations believe that they have a solid and ready to execute business continuity plan in case of a disaster. However, according to a 2010 Forrester survey*, “many organizations have lulled themselves into a false sense of security” when it comes to how they value their preparedness. The survey also revealed that proper plans of planning, testing, and maintenanc
