Business Continuity Analysis
The purpose of business continuity planning is to ensure continued operations of an organization in the event of a catastrophic event, whether this may be a natural disaster or something more sinister. In recent years, we have seen the increase of cyber-attacks and breaches to the point that they have become common news worldwide. As systems have grown in complexity and capacity to store large amounts of data, so too has the appeal of targeting such systems by cyber criminals. In order to meet these challenges head on, business organizations must adapt and implement a comprehensive business continuity plan. Cerullo and Cerullo (2004) describe a business continuity plan as dynamic and evolving as the business environment changes and its dependency on advanced technology changes. They go on to describe three interdependent objectives which include identification of major risks, development of a plan to mitigate or reduce impact of risks, and testing and training. While there is no single recipe to the ideal continuity plan, stakeholders across the organization must play a role in building out a framework for business continuity management that can be used to mitigate major risks while maintaining ‘business as usual’ in the event of a disaster. ...