Threats to businesses are always changing, and business continuity plans should be also constantly be changing as these new risks emerge. Despite that, a new survey from FTI Consulting has found that many organizations may not being doing their best to support business continuity, as reported in Tech Target. Focusing on business leaders in Germany, the survey found almost two-third of respondents were struggling to prepare for new threats, and only a third of respondents were intending to invest in updating their business continuity plans. This is all despite many organizations making significant investments in building their cybersecurity defenses.
Since business continuity planning is critical during times of disaster, organizations should be regularly taking the following steps to ensure it’s up to date and effective:
- Mapping out the technical environment, to ensure IT knows and understands what systems are key, and where critical data or functions reside
- Perform a risk analysis, to align the business continuity plan with the organization’s business model
- Investigate the colocation of critical systems, to ensure redundancy and help to quickly restore essential services
- Review your backup and restoration process, to ensure it’s sufficient to prevent loss of data, and backups are ready to be deployed
- Examine the business continuity plans of any company you intend to acquire, to ensure their processes are similar to yours, and don’t have significant gaps
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