All businesses—regardless of size—have a digital presence. This mandates that both mundane and mission critical data must be regularly backed up and ready for recovery at the drop of a hat.
Here are some questions around data backup and recovery that should be asked to whoever is responsible for this function: The key take away for business managers is that backing up your data and storing it either onsite or in the Cloud is only part of the solution if your business suffers catastrophic damage.
Data backups are far from perfect. Company data can still be lost through corrupted files, power outages and accidental deletions.
Sometimes data can be re-entered but information captured on the fly as transactions occur is gone unless your servers that or back up new information as it is entered.
Are these used at your business? Do you know the capabilities of your software applications?
If contact information is incorrect or steps are missing in the process the recovery time will increase. Business continuity goes beyond a defined process or plan, and when full continuity is achieved, a company is prepared to not only recover from a disaster but also limit the adverse effects of the event. Implementing business continuity practices ensures that the appropriate people have access to critical functions. This is why business continuity cannot be achieved simply through one solution or technology.
Companies must plan their business continuity strategy on two fronts: planning for how to continue business processes in the event of disaster and choosing the appropriate business continuity solution to support these processes. Frustrated employees, lost clients, revenue deficits or business closure are all possible in an extended recovery scenario. Cybercriminals armed with ransomware are a formidable adversary.
An IT staff that is stretched thin and outdated technology is the perfect environment for a breach to occur. Security software is essential, however, a proper ransomware protection strategy also requires a strong backup and recovery process. If your business suffers a ransomware attack, properly managed backup technology allows a roll-back of data to a point-in-time before the corruption occurred.Documentation writer resume
When it comes to ransomware, the benefit of this is two-fold. First, there is no need to pay the ransom to get the data back. Regardless of the cause, once this disaster is over and recovery is complete, now is the time to determine the cause of the outage. Join our financial community here! For the most up to date and relevant accounting, finance, treasury and leadership headlines all in one place subscribe to The Balanced Digest.
Follow us on LinkedinFacebookTwitter. Having designed, implemented and supported over 1, separate networks in his career, Eric has seen how excellence in technology investment and operations can be the fuel that powers business growth and success. He has particular experience in data communications and application performance, and extensive knowledge of security standards and infrastructure management.
He contributes articles to CFO. University and various publications, and speaks regularly about current security issues on television and at industry events. Eric is an active member of various community organizations, and is past president of the Board of Directors of Local Motion, a non-profit that promotes people-powered transportation.
He is a sailor and enjoys the outdoors with his wife and two sons. Toggle navigation. Do you trust your business continuity plan?
Is the company data safely stored and readily available? Is it easy to recover? If stored in the Cloud, how will you recover if the Internet is down? Is sensitive data encrypted?We often urge you to have a risk management plan in place so that you are prepared for the many eventualities that can affect your business. Your risk management plan should be part of a larger business continuity plan for keeping your organization going during periods of disruptions that are both large and small.
Companies can spend considerable time putting together a risk management plan that is unique to their workplace and operations. But, after they have created and implemented their plan, many businesses fail to evaluate and update it on a regular basis. You will need to test, evaluate and update your risk management and business continuity plans regularly because risks can change as your business, your industry and the environment you operate in also change.
A prime example of a new risk is the cyber threat that continues to grow in significance, having cost many businesses millions of dollars in response, remediation and notification costs. If you have not included this eventuality in your business continuity plans, you should do so.
If you set aside time once or twice a year to review your plans, you can identify new risks and monitor the effectiveness of your current risk management strategies. This gives you an opportunity to modify or enhance your plan in response to those emerging or newly identified threats. As you did when you created your original plans, you should involve personnel from your various departments and also consider inviting key vendors or customers to the planning sessions.
This will help bring different perspectives to the table, resulting in a more comprehensive overall plan. Besides identifying and trying to mitigate for risks that you identify, your risk management plan should be part of a broader business continuity plan that includes strategies for responding to and recovering from incidents if they do happen. Business continuity planning has four steps:.
You should conduct a business impact analysis that identifies all of the resources, personnel and equipment critical to keeping your business running. Your plan should identify external stakeholders, the skills and knowledge necessary to run your business and how long your business can survive without performing these tasks.
This should include details on when the plan would be activated, assembling an emergency kit, having evacuation procedures in place and a communication plan to implement during an event. You need to map out strategies to recover your business activities in the quickest possible time.
That entails a description of key resources, equipment and staff required to recover your operations — and a time objective. Making sure your business continuity plan is reliable and up to date will help you resume operations quickly after an incident and reduce the effects on your business. While you may be able to predict and deal with a number of potential risks, there will be some that are unexpected or impossible to plan for.
Also, depending on the size of your business, you may choose to have separate risk management, impact analysis, incident response and recovery plans, or a single plan incorporating all of the above elements — known as a business continuity plan.
A business continuity plan is a practical blueprint for how your organization will recover or partially restore critical business activities after a change or interruption.
Skip to content. The business continuity plan Besides identifying and trying to mitigate for risks that you identify, your risk management plan should be part of a broader business continuity plan that includes strategies for responding to and recovering from incidents if they do happen.All businesses—regardless of size—have a digital presence.
This mandates that both mundane and mission critical data must be regularly backed up and ready for recovery at the drop of a hat. Here are some questions around data backup and recovery that should be asked to whoever is responsible for this function:. The key take away for business managers is that backing up your data and storing it either onsite or in the Cloud is only part of the solution if your business suffers catastrophic damage. Data backups are far from perfect.
Company data can still be lost through corrupted files, power outages and accidental deletions. Sometimes data can be re-entered but information captured on the fly as transactions occur is gone unless your servers that or back up new information as it is entered.Resume for a catering cook
Are these used at your business? Do you know the capabilities of your software applications? If contact information is incorrect or steps are missing in the process the recovery time will increase.
Business continuity goes beyond a defined process or plan, and when full continuity is achieved, a company is prepared to not only recover from a disaster but also limit the adverse effects of the event. Implementing business continuity practices ensures that the appropriate people have access to critical functions. This is why business continuity cannot be achieved simply through one solution or technology. Companies must plan their business continuity strategy on two fronts: planning for how to continue business processes in the event of disaster and choosing the appropriate business continuity solution to support these processes.
Frustrated employees, lost clients, revenue deficits or business closure are all possible in an extended recovery scenario.
Cybercriminals armed with ransomware are a formidable adversary. An IT staff that is stretched thin and outdated technology is the perfect environment for a breach to occur.
Security software is essential, however, a proper ransomware protection strategy also requires a strong backup and recovery process. If your business suffers a ransomware attack, properly managed backup technology allows a roll-back of data to a point-in-time before the corruption occurred. When it comes to ransomware, the benefit of this is two-fold. First, there is no need to pay the ransom to get the data back. Regardless of the cause, once this disaster is over and recovery is complete, now is the time to determine the cause of the outage.
Because your systems are key to your success. Footer Because your systems are key to your success. Let's Get Started! Follow Us On.In few places does this strike closer to home than business continuity planning BCP. Business continuity creates roadmaps to follow in the event of an emergency. Many experience confusion over business continuity versus disaster recovery, including their similarities and differences, which steps to include in a BCP and even how to secure buy-in for the business continuity policy from key enterprise leaders.
Business continuity plans are pre-drafted, pre-determined protocols for how your organization will overcome a business disruption caused by an emergency. Containing a serialized checklist of risk-mitigating actions to take, business continuity planning addresses both natural and human disasters that can strike, ultimately bringing operations to a halt. Such disaster scenarios include:. The goal of a BCP is to mitigate the damage and reinstate operations before any of the above scenarios become existential business threats.
Even small-seeming events like a severe storm damaging physical building infrastructure can trigger consequences affecting other core business domains. When these incidents strike, a business continuity plan outlines what to do, when to do it and who takes care of it, keeping risks mitigated and the business above water. Business continuity plans have one guiding onus — to keep organizations running as smoothly and productively as possible in the event of an emergency.
Organizations need to assure their customers, third-party vendors and partners that things are under control in the event of an emergency. Clear communication keeps employee stress and confusion to a minimum. If those deliverables are inconsistent in any way, customers take note — and their dissatisfaction can become a business threat all its own.
When business operations experience disruptions, BCPs promptly patch the affected or interrupted resources, including replacement technology, buildings, infrastructure, personnel and more. This maintains the quality of your goods and products and keeps consistency prioritized, protecting your customer base and your brand. Business continuity and recovery plans prevent disruptions from snowballing into existential business crises. While exact figures will range, all businesses understand the importance of product or service continuity to keep revenue flowing.
The quicker typical business operations can be replaced or resolved, the shorter your downtimes and the smaller your losses. When well executed, business continuity plans turn emergencies from hemorrhages into hiccups.
Operations can pick up where they left off, continuing to serve your clients and customers, deliver value and protect the integrity of your overall business. Organizations impelled to create their own BCPs — for the productivity and the peace of mind — can successfully do so by following these steps.
In addition, they also outline worst-case but acceptable downtime projections, including manageable revenue losses due to operational disruptions and how one downed process affects others downstream.
All this information is vital to begin mapping a relevant business continuity plan checklist. With a business impact analysis in place, your organization can move onto the next BCP step — vetting backup and replacement solutions.Speech therapists day plan
Recovery and replacement strategies are the backbone of business continuity. Use the key risk areas and dependencies calculated in your BIA to begin exploring tangible infrastructure and service support most pertinent to your needs. At this step, your organization should be prepared to roll out its formal BCP.
This means institutionalizing the teams, actions and outsourced services picked during step three, plus familiarizing all employees into the new backup strategies and technologies. In other words, it makes sure your business continuity plan checklist gets the job done — and that employees know what to do when incidents strike.
Regardless of your business type or industry, your business continuity plan should formally include the following:. Once instated, a business continuity plan should be reviewed a minimum of once a year but sometimes as often as once every quarter. These are best-practice suggestions, though, not black-and-white rules. Disaster recovery plans center on restoring business-critical IT infrastructure — both hardware and software — after an emergency renders them damaged.Drilling engineer resume objective
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Every day had an excursion (Golden Circle, South Tour, Reykjavik tour, Blue lagoon, sadly the Northern Lights tour was cancelled due to bad weather).
Nonetheless every morning was an adventure where we were picked up directly from hostel to the relevant bus terminal (Icelandic Excursions or Reykjavik Tours) where we would embark on the days excursion.
Your 5th day is a rest day which is well needed and your final day was at the blue lagoon- a shame not more time is spent there but enough to make you want to go back. Overall, a very positive trip.
Although we only saw the northern lights once (and then they were not at their best), we still enjoyed Iceland. The people are friendly, food was good and the scenery was spectacular. We would like to return in the summer to experience Iceland in that season. The Northern Lights tour was wonderful. We really enjoyed the winter activities also. Booking was very easy.
Jennie, our agent, was fantastic. She sorted everything out in the limited time we had in Kiruna and her suggestions to fit in as much as we did in three days were all great.
Nordic Visitor was the perfect agency to set up our wonderful Iceland tour over new years. Setting up transport, wonderful hotels, even dinner reservations at the best restaurants.
Everything was prebooked and prearranged which made our trip flow seamlessly. All the vouchers and plans were given to us upon arrival in a lovely book as well as other helpful information about the country. The itinerary that was set up for us was wonderful- the sights were breathtaking. For those wanting to tour Iceland but not get on a single bus to do so- this is it!!. The Winter Activity Week was an excellent introduction to Iceland.
It was very well organised but with plenty of time to relax. The accommodation was of a high standard and the staff at all three hotels were pleasant and helpful. The super jeep tours were amazing and the guides were very informative. We learned much about the beautiful landscapes but also the culture and attitudes of the Icelandic people. We have fallen in love with the country and its people, who have a wonderful sense of humour and are very proud.
We also like Icelandic beer (visit the Micro Bar in Reykjavik) and food (Tapas Barinn also in Reykjavik) and can therefore say with some certainty that we will be returning one day.Con abortion essay
Booked a trip to Iceland with Larus at Nordic Visitor. I originally felt blind doing this as I did not know much about the hotels and sites but I soon did not feel alone. Larus responded quickly to my every question and inquiry, plus the information Nordic Visitor normally provides made me a knowledgeable traveler. We thoroughly enjoyed our trip and our vacation was a huge success. We wanted an Overview of Iceland in 11 days, "The Highlights" you might say. Using NV was the best thing we could have done, from being picked up at the Airport, transfers, Itinerary, to the Car Hire (Inc Mobile phone and GPS), and some of the most unusual and brilliant places to stay.
Our Rep Erla Sonja was fantastic. We met her when dropping the phone off at the end of the trip. Would I recommend using them, A big YES.That didn't stop the EU from being the world's third-largest oil consumer. As long as people have time to adjust, they will find ways to live with higher oil prices.
Furthermore, 2020 is only three years away. Look how volatile prices have been in the last 10 years. It plummeted to a 13-year low in January, then doubled to current levels. OPEC is counting on it.
What Is a Business Continuity Plan and Why Does Your Company Need One?
The OECD admits that high oil prices slow economic growth and lower demand for oil itself. High oil prices can result in "demand destruction. Demand destruction occurred after the 1979 oil shock. Oil prices steadily deteriorated for about six years.
They finally collapsed when demand declined and supply caught up. Oil speculators could spike the price higher if they panic about future supply shortages.The Difference Between Business Continuity and Disaster Recovery
That's what happened to gas prices in 2008. Traders were afraid that China's demand for oil would overtake supply. These fears were grossly unfounded, as the world soon plunged into recession and demand for oil dropped.
Keep in mind that any perceived shortages can cause traders to panic and prices to spike. Perceived shortages could be caused by hurricanes, the threat of war in oil-exporting areas or refinery shutdowns. But prices tend to moderate in the long term. That's because supply is just one of the three factors affecting oil prices.
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Do you trust your business continuity plan?
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