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Business Continuity

BUSINESS CONTINUITY

Say Affirmative to Business Continuity!!
continuity management

What is Business Continuity?

Business Continuity refers to the processes, procedures, and strategies an organization puts in place to ensure its critical functions can continue even when faced with disruptive events. It’s like planning for the unexpected, from minor IT outages to major disasters like natural catastrophes or cyberattacks.

Benefits of Bussiness Continuity?

  • Reduced Revenue Loss: By ensuring critical operations can continue even during disruptions, BC helps organizations minimize revenue losses and financial impact.
  • Maintained Customer Satisfaction: By delivering products and services consistently, BC prevents customer dissatisfaction and potential loss of business.
  • Protected Brand Reputation: Quick recovery from disruptions minimizes negative publicity and protects your brand image.
  • Minimized Downtime and Lost Revenue: By having a plan in place to quickly recover from incidents, you can get your business back up and running faster, reducing financial losses and operational disruptions.
  • Protected Customer Relationships: Maintaining essential services during disruptions helps minimize inconvenience to customers and ensures their needs are met, fostering trust and loyalty.
  • Preserved Brand Reputation: Demonstrating your ability to handle challenges effectively protects your brand image and maintains stakeholder confidence.

Benefits Of Business Continuity?

  • Reduced Revenue Loss: By ensuring critical operations can continue even during disruptions, BC helps organizations minimize revenue losses and financial impact.
  • Maintained Customer Satisfaction: By delivering products and services consistently, BC prevents customer dissatisfaction and potential loss of business.
  • Protected Brand Reputation: Quick recovery from disruptions minimizes negative publicity and protects your brand image.
  • Minimized downtime and lost revenue: By having a plan in place to quickly recover from incidents, you can get your business back up and running faster, reducing financial losses and operational disruptions.
  • Protected customer relationships: Maintaining essential services during disruptions helps minimize inconvenience to customers and ensures their needs are met, fostering trust and loyalty.
  • Preserved brand reputation: Demonstrating your ability to handle challenges effectively protects your brand image and maintains stakeholder confidence.

Our Approach

1. Plan:

  • Identify Potential Threats: Conduct a thorough risk assessment to identify potential threats such as natural disasters, power outages, cyberattacks, pandemics, and even human error.
  • Conduct a Business Impact Analysis (BIA): Analyze the critical business functions and processes, estimate the financial impact of downtime for each, and establish Recovery Time Objectives (RTOs) and Recovery Point Objectives (RPOs).
  • Develop a Business Continuity Plan (BCP): This plan outlines the procedures for responding to disruptions, including communication protocols, resource allocation, restoration priorities, and recovery activities.
  • Define Roles and Responsibilities: Assign clear roles and responsibilities to team members for specific tasks and decision-making during an incident.

2. Implement:

  • Secure Necessary Resources: Secure essential resources like backup systems, alternative workspaces, disaster recovery software, and emergency communication tools.
  • Implement Controls and Safeguards: Implement security measures, data backups, and redundancy plans to minimize the impact of disruptions.
  • Develop Alternative Processes: Establish alternative processes for critical functions in case primary systems are unavailable.
  • Train Employees: Conduct regular training for employees on the BCP, their roles, and how to respond during disruptions.

3. Test and Maintain:

  • Conduct Regular Tests: Simulate disruptions through tabletop exercises, walkthroughs, and full-scale drills to test the BCP and identify areas for improvement.
  • Maintain and Update the BCP: Regularly review and update the BCP to reflect changes in the business environment, technology, and threat landscape.
  • Document Lessons Learned: Analyze the results of tests and real-world events to identify and address weaknesses in the BCP.
  • Communicate and Coordinate: Ensure clear communication and coordination between departments and stakeholders involved in business continuity efforts.

Risk Advisory

REACH US

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Level Up Your Security: Explore Our Services!

ISO 27001

ISO 27001 is an international standard that sets out the requirements for establishing, implementing, maintaining, and continually improving an information security management system (ISMS). It helps organizations manage and protect their valuable information assets, including data, systems, and processes, by implementing a systematic approach to risk management and security controls. ISO 27001 certification demonstrates an organization's commitment to information security and provides assurance to stakeholders about the effectiveness of its security practices.

SOC Audit

A SOC audit, or System and Organization Controls audit, is an assessment of an organization's internal controls related to financial reporting, security, availability, processing integrity, confidentiality, and privacy. It is conducted by an independent auditor to evaluate the effectiveness of these controls and provide assurance to stakeholders, such as customers, partners, and regulators, about the organization's operational reliability and security posture. SOC audits typically result in a SOC report that outlines the auditor's findings and recommendations for improvement.

PCI DSS

PCI DSS, or Payment Card Industry Data Security Standard, is a set of security standards designed to protect credit card information during processing, transmission, and storage. It applies to organizations that handle credit card payments, including merchants, financial institutions, and service providers. PCI DSS compliance involves implementing security measures such as network firewalls, encryption, access control, and regular security testing to safeguard cardholder data and prevent data breaches. Compliance is verified through audits conducted by qualified security assessors to ensure adherence to PCI DSS requirements.

HIPAA

HIPAA, or the Health Insurance Portability and Accountability Act, is a U.S. legislation that sets standards for protecting sensitive patient information in the healthcare industry. It requires healthcare providers, health plans, and other covered entities to implement safeguards to ensure the confidentiality, integrity, and availability of protected health information (PHI). HIPAA also includes provisions for data breach notification, patient rights regarding their health information, and penalties for non-compliance. Compliance with HIPAA helps safeguard patient privacy and maintain trust in healthcare services.

ITGC

ITGC, or Information Technology General Controls, are foundational controls that ensure the reliability, integrity, and security of an organization's IT systems and data. They cover areas such as access controls, change management, system development, and operations management. ITGCs are essential for maintaining the overall effectiveness of an organization's internal control environment and mitigating risks related to IT operations. Auditors typically assess ITGCs to evaluate the overall control environment and provide assurance on the reliability of financial reporting and data integrity.

CIS Controls

The CIS Controls, developed by the Center for Internet Security (CIS), are a set of cybersecurity best practices and guidelines designed to help organizations improve their cybersecurity posture. These controls provide actionable recommendations for securing systems and data against common cyber threats. They cover areas such as inventory and control of hardware assets, continuous vulnerability management, secure configuration settings, controlled access to sensitive data, and incident response capabilities. Implementing the CIS Controls helps organizations enhance their cybersecurity defenses and reduce the risk of cyberattacks and data breaches.

NIST Controls

NIST controls refer to the security controls outlined in the publications by the National Institute of Standards and Technology (NIST), particularly in NIST Special Publication 800-53 (SP 800-53). These controls provide a comprehensive framework for managing and improving information security within organizations. They cover various areas such as access control, risk management, incident response, cryptography, and security awareness training. Organizations can use NIST controls to establish robust security policies, procedures, and technical safeguards to protect their sensitive data and systems from cyber threats.

GLBA Compliance Assistance

GLBA compliance refers to adhering to the Gramm-Leach-Bliley Act, a U.S. law that mandates financial institutions to protect consumer financial information. Compliance assistance involves implementing safeguards to ensure the confidentiality, integrity, and security of customer data, providing privacy notices, and establishing data breach response plans. It also includes conducting risk assessments, regular audits, and employee training to maintain GLBA compliance and protect sensitive financial information from unauthorized access or disclosure.

Process And Policy Reviews and Improvements

Process and policy reviews and improvements involve evaluating existing organizational processes and policies to identify areas for enhancement and optimization. This includes assessing the effectiveness, efficiency, and alignment of processes with business objectives, regulatory requirements, and industry best practices. Through reviews and improvements, organizations can streamline operations, mitigate risks, enhance compliance, and improve overall performance and outcomes.

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