Researchers from the Nanyang Technological University and the RISE Research Institutes of Sweden have published a new paper which describes a new economic model for analyzing enterprise IT service downtime cost. The paper was published in Operations Management Research.
While hardly a global brand, a recent cyber attack on Dundee and Angus College provides a good example of how to deal with a cyber incident. Charlie Maclean-Bristol looks at the lessons that can be learnt from the response.
Geary Sikich looks at why traditional risk assessment and business continuity planning methodologies are not always as effective as organizations expect them to be; and makes the case for taking a ‘targeted flexibility’ approach.
As the COVID-19 (novel coronavirus) outbreak continues to spread, organizations are preparing for possible impacts on their operations. In this article, Paul McVey looks at what organizations should do to prepare for potential business interruption claims due to the presence of the virus on their premises, employee absenteeism, or supply chain disruptions.
From 14th to 20th February 2020, Continuity Central conducted an online survey which aimed to capture information to help business continuity managers around the world understand what actions others in the profession are taking in response to or in preparation for COVID-19 infections. The results are now available...
Infectious disease researchers at The University of Texas at Austin and other institutions in Hong Kong, mainland China and France have concluded that there is a high probability that the 2019-nCoV coronavirus spread beyond Wuhan and other quarantined cities before Chinese officials were able to put a quarantine in place.
ISO’s latest business continuity standard has now been published, replacing the previous edition of ISO 22313 with an updated version: ISO 22313:2020, ‘Security and resilience - Business continuity management systems - Guidance on the use of ISO 22301’.
By Geary W. Sikich
We have all heard and/or read the often quoted “40 percent of all businesses experiencing a crisis go out of business within one year…”. Ever wonder where that statistic came from?
This Continuity Central resource section is being regularly updated with situational updates, news, resources, and business continuity information related to the COVID-19 pandemic.
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Business continuity can be defined as 'the processes, procedures, decisions and activities to ensure that an organization can continue to function through an operational interruption'. Read more about the basics of business continuity here.
