Business Continuity: The role of disaster recovery and risk management

Over the years, disaster recovery has increasingly become a common focus for businesses owners. The more processes become reliant on technology, the greater the risk for loss becomes.

That’s not to say using technology is a bad thing. The plethora of online solutions available streamline multiple areas of your business and make running it a breeze. However, it is critical to have fast and appropriate responses in place just in case disaster strikes. These potential disasters come in the form of fires, floods, heavy snow, cyber-attacks, malicious action, or even hardware malfunction.

By having a plan in place, you can minimise the potential impact on your business continuity, profitability, and reputation. If no response is put in place, you might face data loss, data breaches, a loss of revenue, and a loss of clients. Disaster recovery plans are particularly important for small and medium-sized organisations. In most cases, most of the smaller companies in the UK wouldn’t have the capital to respond to damage from disasters if the worst were to happen. Planning ahead means that you have the steps in place to act swiftly when you need to. Not only does this protect your company, but your clients too.

But wouldn’t it be better if you could stop these disasters from occurring at all? Absolutely. We call this ‘risk management’. By identifying the potential disaster risks to a business you can put other safeguards into place. Disasters like fires and hardware malfunction are a risk not to be overlooked, but today, one of the biggest threats to smaller businesses are cyber-attacks.

Cyber-attacks cost British businesses approximately £30 billion in 2016, with over half of businesses falling victim. They affect any company connected to the internet. Which, let’s face it, is pretty much everyone.

To fight back, you need to engage advanced security measures. This is a straightforward process that can be achieved by implementing various software and behavioural changes to your organisation. What if this type of risk management is not enough? The number of cyber-threats grows every year. These threats continue to become increasingly sophisticated. As a result, your business needs to have a backup plan, just in case one of these threats manages to affect your company. Therefore, business continuity plans should include both risk management and disaster recovery options.

It’s simple to create effective business continuity strategies. It involves mitigating potential risks, their likelihood, and their potential impacts. Disaster response plans may start with the use of backup servers. These can save your business’s network data every five minutes. These safeguards will give you the peace of mind that if your company experiences data loss, or is put offline, you can be up and running again within minutes.

Testing your response strategies is also essential. 34% of businesses never test their disaster response strategies but 75% of those who did found failures in them. A simple test is a small price to pay for complete peace of mind when it comes to protecting your business.

Disaster recovery and risk management are both critical factors for your business continuity. If you would like to learn about our business continuity plans, contact us today on 01204 860 050. One of our technicians will be happy to talk you through the right options for you.

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