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How to create an effective business continuity plan

CIO Business Intelligence

A solid business continuity plan is one of those foundational elements. Every business should have the mindset that they will face a disaster, and every business needs a plan to address the different potential scenarios,” says Goh Ser Yoong, head of compliance at Advance.AI What is a business continuity plan?

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Business continuity planning: A proactive approach to threat management

CIO Business Intelligence

Events like this highlight the importance of developing contingency plans based on events in the world that can impact businesses. Business continuity is an essential part of the planning process for CIOs and CTOs. Black swan events can impact businesses in significant ways. earthquakes) Directed threats (e.g.,

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Strong Business Continuity Management Brings Resilience

CIO Business Intelligence

When astute executives, including CIOs, cheat disruption by focusing on business continuity management (BCM) programs that build resilience, the enterprise transformation can prosper. CIOs should apply a business lens that informs how the business could be impacted (operationally, financially, legally, etc.)

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FORRward: A Weekly Read For Tech And Marketing Execs

Forrester IT

Better Late Than Never: There’s Still Time To Improve Your Pandemic Plans Companies are showing renewed interest in business continuity and revising their pandemic plans in response to the coronavirus outbreak. And, a review of the risk sections of the annual reports for the Fortune 50 showed that about half […].

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Rover’s business continues to bounce back in first earnings report as public company

GeekWire

At the same time, we are closely tracking the impact of COVID-19 and the Delta variant, as we have recently seen a slight increase in cancellations,” said Tracy Knox, the company’s chief financial officer, in Rover’s earnings release Monday afternoon.

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New regulation intensifies focus on IT risk management and operational resilience

CIO Business Intelligence

These risks are particularly critical for financial services institutions, which are now under greater scrutiny with the Digital Operational Resilience Act ( DORA ). The regulation impacts a broad spectrum of financial institutions, including banks, brokers, credit institutions, insurance companies, and payments processors.

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How to handle business continuity in a crisis

Network World

If these systems go down due to a natural disaster, temporary power outage, loss of data center, ransomware or hacker attack, lost or corrupted files, or an application failure due to a software virus, the results can inflict significant financial harm. In the worst case, the business will be unable to continue functioning.