Business Continuity And Disaster Recovery Plan Page 11
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46YOUR COMPANY
Business Continuity and Disaster Recovery Plan
ensure the restoration of processing and service within a short timeframe and are
critical to customers of the organization and the viability of the Organization.
Strategic risk
Strategic risk management involves addressing the potential adverse business impact
to the organization, both internally and externally, that may occur if the Organization is
unable to restore network, data processing operations, and related functions within an
acceptable time frame. If the strategic risks related to data processing disaster recovery
are not understood, addressed, and managed in terms of preparedness, the
Organization may not be able to address the risks and related solutions in the short
term, resulting in economic and market losses.
Reputation risk
Developing and retaining marketplace confidence in handling customers' transactions in
an appropriate manner, within an acceptable time frame, as well as meeting the
emerging needs of the customer base and community, for example, after a disaster, are
important in protecting the safety and soundness of the Organization.
Scenarios and Probability
The Organization faces a number of emergency situations that could interrupt business.
The Organization could experience an interruption as a result of natural causes,
unnatural causes or technological causes as summarized below.
Scenario
Probability
Potential Impact
Natural Causes
Fire
Medium
High
Flood
Low
High
Hurricane
Very Low
High
Tornado
Medium
High
Earthquake
Very Low
Medium
Other severe weather
High
Low
Air contaminants or hazardous spills
Low
Low
Human Threats & Malicious Activity
Civil strife
Very Low
Low
Virus
Medium
Medium to High
Network security attack
Medium
Medium
Fraud, theft or blackmail
Low
Medium
Arson
Low
High
Vandalism
Low
Medium
Revision Date: February 14, 2014
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