Business Continuity is a priority for many executives, but creating, implementing, and sustaining a successful BC program comes with challenges. In this guide, we’ve outlined some of the key findings for success from our recent Business Continuity Benchmark Study so you can take a closer look at what other organizations are doing well, including recommendations you can adopt to make your BC program stronger and more successful.
Assurance and ClearView sponsored the first comprehensive report to analyze the disruptive impacts that COVID-19 has had on the business continuity and resilience profession. The responses to this report provide a powerful account of the impacts from COVID-19. The report is based on nearly 800 respondents, with representation from every continent, as well as in-depth interviews from senior professionals.
In the majority of countries around the world, government and organizational attention is moving from taking extreme measures to control the rapid spread of COVID-19 to how to gradually move toward business-as-usual. This journey will be a long one and, for many organizations, operations in the post-pandemic future will not be the same as they were beforehand: there will be a “new-normal.” We've created this guide to assist you in your recovery planning.
On March 11th 2020, the World Health Organization (WHO) designated the ongoing COVID-19 coronavirus outbreak as ‘having the characteristics of a pandemic’, the first pandemic to be caused by a coronavirus. To remain resilient, organizations should review existing pandemic plans or rapidly develop plans if they’re not already in place. This pandemic planning guide, although not exhaustive, provides a structure for carrying out these activities.
On March 11th 2020, the World Health Organization (WHO) designated the ongoing COVID-19 coronavirus outbreak as ‘having the characteristics of a pandemic’, the first pandemic to be caused by a coronavirus. To remain resilient, organizations should review existing pandemic plans or rapidly develop plans if they’re not already in place. This sample pandemic planning template, although not exhaustive, provides a structure for carrying out these activities.
For many, a work-from-home option for critical functions may seem like the best, or at least easiest, solution. But during a disruptive incident, is a work-from-home contingency a foolproof strategy for your business continuity (BC) and disaster recovery (DR) plans?
Labor is the framework of your organization’s supply chain. As many U.S. organizations choose to employ foreign labor for production, foreign political climates, workforce issues, and even health crises, like the current coronavirus outbreak, can greatly impact your ability to deliver your products. Your organization can prepare for these threats by including potential supply chain disruptions in your business continuity programs.
Voracious data mining and an evolving digital landscape has steadily created greater responsibility for data security teams. To protect your interests and your consumers, your organization should practice diligence and keep business continuity plans fluid for adapting to data security threats. Learn six crucial steps you can take to keep your BCP top-of-the-line in data security in this free tip sheet.
Today's emergency notification software (ENS) boasts capabilities beyond generic one-way alerts. It’s stronger, more customizable, automated, and goes beyond mere emergency alerts. To find out how organizations can bolster all organizational communications, not just emergency-related, check out our free tip sheet.
Without regular testing, evaluation and contact and content management, your ENS may have fail points that are only uncovered when it’s too late. So what can you do to ensure you have a healthy, effective, crisis-ready ENS? In this complimentary tip sheet, we’ll share some common ENS management mistakes and how to avoid these pitfalls to ensure your alerts and notifications get sent, read, understood, and reacted to when precious time matters most.
Business continuity plans protect your business against threats and disruptions. They can also help you retain your customers during unavoidable incidents. Take look at how you can use your BCP to establish critical customer communications protocols for disruptions.
In the past, risks were something to be strictly avoided or mitigated – always from the downside. But lately insurers have begun to search for the opportunity in their risks – they’re finding the “upside” of risk. Check out our whitepaper to learn more about insurance industry risk and how you can employ BCM to find the upside of risk.
A workforce shortage looms over the insurance industry. Find out how to use business continuity management (BCM) to prepare for its receding staffing pool by reading this informative tip sheet.
Your business continuity plan (BCP) is your company’s protection against disruption and disaster; and data is your BCP’s lifeblood. Without accurate and up-to-date data your BCP cannot function properly to mitigate damage and get you back up and running quickly. But don’t let the shadow of cumbersome and time-eating data management frighten you into neglecting your BCP data. Check out our free tip sheet to learn how Assurance Connect can demystify and aid your data challenges.
Insurers paid a record $135 billion to cover losses caused by natural disaster incidents in 20171, and experts predict that the growing strength and frequency of these incidents will cause insurer losses to increase.
Organizations are currently facing many challenges to their company’s organizational resilience from external and internal threats that can cost millions of dollars in damages. Not being properly prepared to manage an incident because of an incomplete BC program puts stakeholders and customers at risk, and it will negatively affect the bottom line.
Everything. Data is everything to your business continuity plan (BCP). Clean data that is. Bad data is a BCP killer. Find out why you need clean data for your BCP in our free tip sheet.
When it comes to safeguarding your tech business from disruption, it’s not about the size of your company, but the size of your protection. You can shield your business from loss and damage just like your big competitors without the big cost.
Today’s ever-changing technology carries with it new and mutated threats. Combating and shielding your company from these threats requires a fluid and a full-spectrum business continuity management program (BCMP). But to achieve the utmost resiliency and future-proof your organization, you must evolve and modify your program just as technology progresses and transforms.
Technology affects every industry on our planet. But maybe few have been impacted as greatly as the insurance industry. Take peek at what technology insurers are employing and what risk they may hold.
Insurers and risk managers need to not only protect themselves from a data breach, but they also are charged with protecting the personal information of policyholders. This can only be done through understanding the threats that insurers and their customers face and applying business continuity best practices to keep their organization resilient.
CEOs of tech companies are steadily shifting their attitudes and approaches towards technology and cyber security. Take a visual journey through a CEO’s thoughts on the subject for the present and future with our infographic.
Insurers and risk managers need to not only protect themselves from a data breach, but they also are charged with protecting the personal information of policyholders. This can only be done through understanding the threats that insurers and their customers face and applying business continuity best practices to keep their organization resilient.
The risk management and insurance industries are changing, and they need to implement business continuity and disaster recovery solutions to be prepared to meet those challenges head-on. By understanding the BCM needs this new market presents, and implementing best practices, an organization can become more resilient.
Many are calling for more regulation in answer to the dangers they see ahead, others in the industry oppose more regulation for fear of stifling innovation. Take a closer look at the case for better regulation.
Have you ever thought of cyber security as a means to greater revenue rather than just an expenditure? Well, 70% of CEOs now do, and perhaps you should to. Delve a little deeper to find what’s behind this new attitude.
Mergers and acquisitions (M & As) are stressful and confusing enough. Don’t add to the bedlam by allowing your business continuity plan (BCP) to go under. Check out our tip sheet for supportive guidelines that will help you keep a BCP on everyone’s to-do list.
Insurers will pay a record $135 billion to cover losses caused by hurricanes and other incidents, making 2017 one of the costliest years for insurers on record. In the wake of these record-setting disaster years, insurers are realizing that they must also increase vigilance in their own house as a way to serve these policy holders.
A healthcare provider cannot afford a blockage in their supply chain. It’s the lifeline to patient care. And business continuity management (BCM) is at the heart of keeping the supply flowing.
The risk management and insurance industry is breaking out of its reputation for being traditional and slow to change. In fact, this industry has embraced innovation driven by advances in technology. But new, fast-paced changes and technological advances can also open insurers up to new and unpredictable threats.
More and more financial services industry regulations from the SEC, FINRA and FFIEC are being put in place, requiring firms to create and maintain written business continuity plans relating to an emergency or significant business disruption. But meeting compliance standards doesn’t have to be painful.
The most successful travel, media and entertainment companies understand that with growth, innovation and opportunity comes risk and that their business is responsible for the security of fans and followers.
The healthcare industry continues to be in cyber hackers’ crosshairs, with no reprieve in sight. But healthcare providers are still lacking proper security protocols, sufficiently educated IT personnel, and realistic concern.
HIPAA now embraces mandatory business continuity (BC) compliancy. But business continuity planning shouldn’t be thought of as merely as means to avoid a fine. A comprehensive BCP protects your reputation, income, and most importantly, your patients’ lives and identities’.
Just in the past decade, evolving technology, migratory decrees, and modern patient needs, have exposed the healthcare industry to a bounty of Archilles’ heels. Now more than ever, healthcare providers need solid business continuity management to protect their operations and patients’ information…and lives
Thought all you needed was emergency preparedness to keep your patients and organization safe? Think again. Business continuity must be your first line of defense to ward off disruption and mitigate the evolving threats of our modern world.
Too often providers forgo developing effective business continuity management (BCM), siting lack of resources, finances, or thoughts that crises cannot befall them. It’s difficult sometimes to see past the numbers and the logistics to what really matters – the patient. A hospital holds responsibility to its patients and their loved ones to prevail and operate under any conditions.
The future of the healthcare industry looks bright. Yet that brightness can dim quickly if you’re not prepared for new and unpredictable threats that could arise. Business continuity management helps you future-proof your healthcare organization.
Competition is fierce in the financial services industry. In fact, organizations are frequently evaluating how their investments, employees and market share are growing. But are they looking at how their business continuity planning measures up?
As a whole, businesses within the financial services industries experienced a relatively positive 2017. The businesses that thrived during these highs and survived the lows were agile enough to adapt in the face of change and uncertainty, all while protecting their most critical assets—their earnings, employees, data and reputation.
Emergencies can befall any organization, large or small. With evolving technology, increased business travel, and ever-present weather events, all businesses must be prepared for disaster response and recovery. And emergency communication is the integral factor in executing your plans and mitigating loss and damage.
Today’s businesses are seeing and expiring a rapid rate of change which is driving growth, improvements and innovation. Yet these rapid changes are also opening businesses up to new threats they are unprepared to addresses.
The 2018 Winter Olympics are the perfect opportunity for your organization to evaluate what a winning organizational security program looks like. Make sure you’re going for gold when it comes to keeping your business, employees and customers safe.
Keeping your organization safe and secure often falls into the hands of business continuity management. This requires business continuity professionals to take on the role of a bodyguard.
Completing a business impact analysis (BIA) allows a company to see its vulnerabilities, but it can do so much more if utilized in financial and operational decision making. A cloud-based program provides allows stakeholders to have input in business continuity planning.
Situations that threaten business continuity can happen at a moment’s notice, acting without warning. The response to these circumstances, and being able to execute a mass communication or emergency notification, can be the deciding factor in keeping operations functioning.
Federal and industry compliance regulations are not enough to prevent and manage both external and internal incidents when it comes to modern business continuity planning for financial institutions. Also, the services that advisors provide to clients are too important to rely on static plans and a limited BC solution.
When a reporting tool is developed within a software platform and is closely aligned to the platform's data structure, you have the unique ability to create reports that maximize the effectiveness of your business continuity program.
In the highly regulated financial industry, it is important to fully plan and test for incidents so that your business and clients are protected in all types of situations. A complete BC planning infrastructure that can fully assess criticalities, improve current plans and prioritize incidents during a disruption is needed to minimize or possibly prevent downtime of critical processes.
Planning for the retail industry including distribution and support, is invaluable because they are tasked with protecting and securing their customers, employees and facilities. If you are unable to meet customer demand due to a disruption of your supply chain your revenue and profitability will suffer.
Retailers' success is based on the goal of providing 100% customer satisfaction. To achieve this, minimizing downtimes and supply chain interruptions is key. You have between 8-24 hours of maximum RTO before you risk losing customer loyalty. Is your organization ready?
Meeting compliance and privacy regulations may not be enough when it comes to modern business continuity planning in healthcare, as the digital transformation of the industry necessitates comprehensive business continuity and disaster recovery planning.
Meeting compliance and privacy regulations may not be enough when it comes to modern business continuity planning in healthcare, as the digital transformation of the industry necessitates comprehensive business continuity and disaster recovery planning.
In the last ten years, the “Digital Transformation” has shifted the way media and entertainment companies do business. Thriving companies have embraced this transformation but have opened themselves up to new and emerging risks.
To provide a seamless interaction with suppliers and customers, manufacturers must not focus on a single point of recovery. Business continuity planning needs to be integrated across all operations, from supplier chain management to equipment operations.
In today’s world, it is important for businesses to accurately identify the scope of an incident and coordinate their recovery efforts in a timely manner. In order to do this effectively, the proper Incident Management tools need to be in place.
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