Details

  • Service: Advisory
  • Type: Press release
  • Date: 3/18/2013

Surviving Disaster 

John is stunned and terror-stricken. John is a Chief Operational Officer at one of the leading insurance firms with a staff complement of 350. On the way back to the office from a breakfast meeting, he hears loud sirens and sees ambulances rushing past him.

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On arrival at his office, he finds the building has been bombed by terrorists and is engulfed in flames. As he watches the inferno, he thinks: What should I do? Where are my colleagues? Were they safely evacuated? How can I confirm this? What is the impact on the company? Where will we operate from? How and who will handle the staffs’ relatives, the media and our clients?

 

Had John’s company implemented a Business Continuity and Disaster Recovery Plan (BCP/DRP), it would have addressed majority of his questions. Eventualities need to be planned for by setting up contingencies. A BCP/DRP is a contingency measure that provides guidance in the event of a disaster. A BCP, on one hand, focuses on the non-IT aspects of a disaster, such as the safe evacuation of staff, liquidity crisis as well as damage to reputation. A DRP, on the other hand, looks at all the IT aspects of a disaster for example the server unavailability due to system failure or fire in the server room...Read more