Firms warned not to ignore business continuity planning
Mon, 26 Oct 2009
Companies of all sizes should ensure they have a business continuity plan in place, it has been suggested.
According to American Banking News.com, firms which fail to take this most basic of steps face seeing their business close in the event of an disaster such as fire or flood.
The site said that while no business owner wants to believe that his or her enterprise can be impacted in this way, disasters can strike "any company at any time, with no warning".
"It is the wise small business owner who takes steps today to make sure that he or she will not face avoidable devastation following an unforeseen circumstance," the website stated.
It added that the implementation of such plans does even have to be difficult - it must merely outline contingency plans should anything go wrong.
"Make of the list of the types of disasters most likely to impact your business and come up with a list of the steps that should be taken following the occurrence of each event," American Banking News.com advised.
"Your disaster plan simply needs to clearly state a course of action."
According to professional services firm PricewaterhouseCoopers, just 47 per cent of UK executives are sure their company has disaster recovery plans in place.
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