Wednesday, August 9, 2017

Business Continuity Planning

August 9, 2017 - The state of business continuity is continually evolving, but is your business's plan also evolving? Have you updated it to consider things like ransomware attacks? Have you included sufficient detail on contingency planning? And what plans have you made about service providers? Are you even focusing on the right things in your planning? Perhaps it's time to take a new look at your plan and consider some of the new dangers we face in the digital era as well as some new approaches to planning.

No matter the specific nature of your business, it's important to have a specific disaster recovery plan implemented so that when the worst does happen, you'll be ready. (Item #1)    Paying a ransom is not the way to deal with a ransomware attack; instead, comprehensive business continuity and disaster recovery planning provide the best solution. (Item #2)    To adequately prepare for workforce continuity during any business disruption, incorporate these five success factors. (Item #3)

Here are some of the things that are overlooked in business continuity planning. (Item #4)    Without a well-thought out and crafted business survival plan, the consequences for owner's employees, customers, and most importantly, family and estate can be devastating; how can life insurance help? (Item #5)    The current approach to business continuity, which generally focuses on 'what could happen', has significant limitations; this article explains why this is the case; and suggests a better, more positive, method. (Item #6)

For the full issue, click here.

No comments: