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There are many real-life examples of how these incidents can impact a business. For example, in 2017, there was a WannaCry ransomware attack that hit computer systems around the world, including large companies such as FedEx, Nissan, and Renault. This attack makes them fail to access important data and causes huge losses to their business.
In addition, when the COVID-19 pandemic hit the world in 2020, many companies experienced difficulties in maintaining their business operations. Many employees have to work from home and IT infrastructure must be upgraded Mobile Number List support remote working. experience reduced revenue and potential loss of customers.
The latest data or facts regarding financial losses due to failure to prepare for business continuity are also quite worrying. According to a report from the Ponemon Institute (2019), the average cost of data loss per organization is $1.4 million. Additionally, the report also shows that recovery costs following business-disrupting events increased by 36% year-on-year.
The financial losses caused by BCP failure can be enormous and impact many aspects of the business. Therefore, it is important for organizations to prepare themselves with an effective business continuity planning system in order to be able to deal with incidents and maintain the continuity of their business.
Understanding Business Continuity Planning System
The Business Continuity Planning System (BCP System) is a strategic plan designed to ensure the business continuity of an organization in facing various risks and disasters, such as market changes, natural disasters, cyber attacks, system failures, and other technical problems.
The BCP system aims to reduce the impact of disasters or unwanted events on business continuity, so that organizations can continue their operations more quickly and effectively. BCP systems also help organizations to maintain business reputation, minimize financial losses, and meet customer and stakeholder needs.
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发表于 2023-10-9 13:07:32
