Disaster Survival: Why Business Continuity Matters
Arcserve
September 24, 2020
2 min read
With hurricane season in full swing, fires burning in the west, and plenty of other potential disasters ready to strike, your business is always at risk. Add in ransomware and malware threats and business continuity should be every company’s concern.
Making sure your business can keep running—or restart quickly—in the face of these threats is critical. How critical? According to a recent ITIC survey
40 percent of enterprises saying that a single hour of downtime can cost from $1 million to $5 million—without including legal fees, fines, or penalties. That’s why business continuity preparation has to be a priority for every company.
Make a Plan
The first step in ensuring your company’s survival is to have a business continuity plan in place. According to FEMA, at a high level that plan should include:- Physical location evacuation plans that ensure employee safety
- Communications plans so you can notify employees, customers, and other key partners and personnel
- Redundancy for critical resources like power, equipment, and supplies