Top 10 concerns of disaster recovery pros

Disasters Happen — Business Continuity Disaster Recovery

Business Continuity - Disasters Happen

How do you balance the business continuity disaster recovery risk and investment equation? Is the potential risk greater than the investment? The facts are:

  • 43% of companies experiencing disasters never reopen, and 29% close within two years.
  • 93% of businesses that lost their data center for10 days went bankrupt within one year.
  • 40% of all companies that experience a major disaster will go out of business if they cannot gain access to their data within 24 hours.
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Unplanned IT and telecom outages is the leading cause of concern with 70% of respondents of a Business Continuity Institute (BCI) study are extremely concerned or concerned, followed by data breach (66%) and cyber attack (65%).

The top 10 threats rated by level of concern in the survey are:

  1. Unplanned IT and telecom outages – 70% extremely concerned or concerned
  2. Data breach – 66% extremely concerned or concerned
  3. Cyber attack – 65% extremely concerned or concerned
  4. Interruption to utility supply – 50% extremely concerned or concerned
  5. Security incident 47% extremely concerned or concerned
  6. Adverse weather – 53% extremely concerned or concerned
  7. Supply Chain Disruption – 39% extremely concerned or concerned
  8. Fire – 37% extremely concerned or concerned
  9. Health & Safety incident – 37% extremely concerned or concerned
  10. Act of Terrorism –  33% extremely concerned or concerned

Author: Victor Janulaitis

M. Victor Janulaitis is the CEO of Janco Associates. He has taught at the USC Graduate School of Business, been a guest lecturer at the UCLA’s Anderson School of Business, a Graduate School at Harvard University, and several other universities in various programs.