Disaster Preparedness Plan for Business — The CIO’s Action Strategy

Natural disasters like fires, floods and hurricanes happen across the country on a frighteningly regular basis. Security and data breaches are commonplace in today’s society. Most businesses will experience an operational failure (such as human error or equipment failure) at least once. Given the frequency and severity of recent disasters, preparedness is a hot topic. Many times the impacts on human life, privacy and property take center stage when talking about these disasters. But what about the enterprise impacts of a disaster? A breakdown in business communications or technology can impact any organization—large or small.

Disaster Preparedness Plan for Business — The CIO’s Action Strategyv

As a CIO, it’s important to prepare for social engineering attacks and IT failures. You can also start thinking about what you will do to keep your business afloat in the event of any kind of disaster. Considering your threats and putting together a disaster preparedness plan for business can be effective to mitigate potential losses.

Assess Potential Threats to Operations
Analyze The Technological Impacts of a Disaster
Develop an Emergency Action Strategy
Create a Plan to Get Back on Track

How to Create a Disaster Preparedness Plan for Business

Disasters can impact profitability, reputation, infrastructure and even result in the failure of an enterprise. In fact, 40% of small businesses fail to reopen after a major disaster. For large companies, disruptions in communications can mean a loss of revenue, vendor complications or data loss.

In fact, the Ponemon Institute reports that in 2016 the average cost of unplanned downtime as a result of a data breach was $8,850 per minute. That number has likely gone up. You can check your estimate with IBM’s data breach cost calculator.

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