Every company no matter how large or small needs a Business Continuity Plan (BCP) and a Disaster Recovery Plan (DRP). In this blog, we’ll discuss the differences between business continuity vs disaster recovery and will explain why information technology (IT) should be a primary focus of both your BCP and DRP.
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According to Gartner, a leading research and advisory company, about 40% of businesses affected by a major disaster never recover. Of those that survive, one-third fail within two years of the disaster.
A Business Continuity Plan outlines the procedures that will be carried out in the event of a disaster to ensure critical business functions continue to operate. The goal of a BCP is to prevent an unexpected disaster from causing the company to fail and to allow business operations to return to full function as soon as possible.
The development of Disaster Recovery Plans is a crucial component of the overall BCP. These plans are created for specific parts of an organization so they are quickly able to recover particular business processes.
Developing an Information Technology Disaster Recovery Plan should be a top priority for any company that uses IT services—which, today, is the vast majority of businesses. About 70 percent of cyberattacks target small companies, and the average small business pays about $14,000 per data breach. That’s a conservative estimate compared to other studies that place the loss near $500,000 per breach, but the bottom line is companies of all sizes must have IT DRPs in place to respond to the worst-case scenario.
Of course, an ounce of prevention is worth than a pound of cure. In addition to creating an IT Disaster Recovery Plan, all businesses should invest in reliable IT disaster recovery services and cybersecurity to safeguard their sensitive data.
The IT pros at Waterdog Computer Works can evaluate your network security for free and give you the technology needed to protect against malware, ransomware, and other cyberthreats. Call us today at 484-544-0992 to learn more.