Vulnerability computing A vulnerability is a weakness in design, implementation, operation or internal control. Most of the vulnerabilities that have been discovered are documented in the Common Vulnerabilities and Exposures CVE database.
Business Continuity Implementing a Business Continuity Plan When business is heavily dependent on IT infrastructure, all risks and threats need to be considered. A well documented Business Continuity Plan ensures that your data and infrastructure are covered. While those events shook the world, and threw security forces into a state of high alert, it also impacted the corporate world.
IT managers even CEOs are now dead serious about securing their prized assets data and infrastructure. Business Continuity is the ability of a business to continue its operations with minimal disruption or downtime in the advent of natural or intentional disasters.
BC begins with a plan that addresses all risks and secures systems that are vital to business operations. So how prepared are Indian enterprises to counter disasters?
The results of the survey were shocking: Among the respondents highly dependent on IT, 64 percent do not have a corporate-wide BCM plan in place to address business disruption risks.
The survey covers more than private and public sector organizations spread across various industry segments. See box on page 26 for a snapshot of the survey results. According to the META Group, 80 percent of Global organizations have some form of disaster recovery or business continuity plan in place, but only 60 percent of these plans are reasonably complete and actionable i.
Gartner says 85 percent of Global enterprises have established a disaster recovery plan for core technology and infrastructure, but only 15 percent have a full-fledged business continuity plan. In another report Gartner projects that by more than 70 percent of large enterprises will have invested in business continuity planning compared to fewer than 25 percent today.
We've had natural disasters but we've always recovered from these. This attitude has been the same in the corporate world. Dhawan says it is now imperative for Indian businesses to have business continuity plans.
Also, global businesses fear that a war or a war like situation could break out in India, and therefore they need increasing assurance on the continuity and availability of its business associations in India. So if disaster strikes and these organizations cannot recover quickly enough, the consequences could affect business along the entire value chain.
Business revenue drops, brand equity takes a beating; there's loss of customers who choose alternatives and permanent loss of shareholder value.
Disasters, both natural and intentional, are unpredictable. Natural disasters could be earthquakes, floods, hurricanes, or fire. Then there are other causes for business disruption like hardware and communications failure.
A business continuity plan is insurance against such disasters and ensures that key if not allbusiness functions continue. Designing the plan A BCP necessitates the provisioning for redundancies at all levels.
That includes not just servers, storage, networking equipment and connectivity links, but also other infrastructure like air-conditioning and power supplies.
The plan should cover all risks that could possibly affect your business. According to KPMG, a BCP must factor in all the risks, and should ensure continued availability, reliability, and recoverability of resources. It should balance the costs of risk management with the opportunity cost of not taking appropriate action.
Most corporates today outsource support functions and rely on third-party support for non-core business operations like logistics.
So the plan should also extend to external entities like customers, partners and suppliers. BCP must also address business risks like: Among the respondents highly dependent on IT, 64 percent do not have a corporate -wide BCM plan in place to address business disruption risks.
Among the respondents taking backups, 32 percent did not test the backups for reliability. Though 75 percent claimed that they were able to recover within the maximum permissible downtime during these disasters, 91 percent of these had not actually estimated the maximum permissible downtime for various processes.
While 35 percent of respondents have a corporate-wide BCM plan in place, 28 percent of these do not have a formal mechanism to declare disaster. Of the respondents having a BCM plan, 65 percent have never tested it.
Not all the assets are critical to business operations.
In the event of a disaster, the available resources should be directed towards ensuring the safety of assets that are most valuable. Risk Analysis and Management All the potential risks along with their impact on the business need to be analyzed. There must be a mitigation strategy that identifies the potential threats and puts appropriate controls in place to reduce the vulnerabilities.
The organization needs to define the "acceptable risk" it is prepared to take.
Emergency Response Mechanism There must be a plan and detailed procedures in place to respond in cases of emergencies.Business Security Business Security Systems and Solutions for Your Needs. You work hard to make your business succeed, it's your livelihood, so it's crucial to protect it against internal and external crime, fire and environmental hazards/5(K).
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