There is need to ensure that there is continuity of information and adequate recovery of the same in business continuity planning and disaster recovery processes. Individuals and firms therefore have to improve their incident response capability in light of increasing attacks that are cyber security related. These attacks have become diverse and more disruptive while causing greater damage. The number of security related incidents cannot be completely reduced, but the incident response capability
focus in both articles documents several key strategies that planners should utilized in their Business Continuity Management (BCM) program. Both of the articles touch on how it is very important to understand the risk to the business, and more importantly having recovery strategies in place to mitigate the exposure hazards. As a planner, we know the importance of having a business continuity plan in place to cover events that could affect the company’s ability to resume business, or how to respond
Business continuity and disaster recovery are not new concepts to organizations (Snedaker, 2007), BCP and DRP are most need for any organization but the act of consciously planning and getting ready for potential issues certainly has been underscored by disastrous occasions in the past decade including quakes, tornados, and terrorist assaults. Organizations need to get ready for potential disasters that will affect their capability to continue operations and procure income. Without any plan to quickly
Agent Based Technologies The five agent-based technologies are currently being used in some capacity within OppenheimerFunds, Inc. as we used software such as intelligent agent for housing all our clients account information from invested funds, transactions performed and clients personal account information. In addition data-mining agents are used to understand the total investment by fund and ownership percentages. Another intelligent agent that we use is for our web transactions, which are then
Continuity of government and continuity of operations. Business continuity encompasses a loosely defined set of planning, preparatory and related activities which are intended to ensure that an organization’s critical business functions will either continue to operate despite serious incidents or disasters that might otherwise have interrupted them, or will be recovered to an operational state within a reasonably short period. Resilience critical business functions and the supporting
Question 1: Identify and describe the six components of an information system. Which are most directly affected by the study of computer security? Which are most commonly associated with its study? There are 6 critical components of an information system: 1. Software – is to a computer as brain is to a human body. Hardware is functioned by the software. It collects data, organizes them and carries procedures. 2. Hardware - is the physical component of the
A Primer on How to Create a Bullet-Proof Disaster Recovery Plan for the Entire Organization Elizabeth M. Ferrarini, She is a free-lance writer from Boston, Massachusetts. Reach her at iswive@aol.com Minutes after the first of two planes plunged into the World Trade Center 's Twin Towers on September 11, 2001, Morgan Stanley Dean Witter, Inc., the largest tenant in the World Trade Center, declared a disaster and rushed its disaster recovery plan into place with the help of SunGard Recovery
The Business Impact Analysis will generate interest, support, and momentum in the continuity project as a whole and a risk analysis can greatly reduce the cost of insurance, by identifying and quantifying a potential loss, thereby allowing the risk manager to avoid over or underinsuring the risk. A BIA will allow management to make timely
Disasters are occurrences one cannot control. The economic movements are unpredictable as technologies, effects of climate change, and health issues continue to persist; these among other disasters cause shifts in activity in the global financial market. Business companies in return are the last entity to carry the loads of aftermath of these circumstances. They become pressed in crisis of recovery when for example a calamity struck an entire nation. Disaster recovery planning and risk management
Business Continuity is often referred to as the measure of lost time possible in a mission critical application. As a consultant brought into an organization concerned about business continuity I would recommend to first perform a Risk Assessment Analysis and/or Business Impact Analysis (BIA). Conducting a business impact analysis will allow an organization