Answer: The sequence of activities you undertake to control, isolate, report and ensure the continuity of your core business functions in the event of a cyber attack is referred to as a Disaster Recovery Plan (DRP).
To protect your business from the ever-increasing threat of online criminals, it is necessary for all organisations, regardless of size and revenue, to have a protocol and set of procedures that must be carried out if your I.T. infrastructure is compromised or exploited.
Most modern businesses have an intricately connected cyber ecosystem, leaving them vulnerable to individuals and organisations that have malicious intent or wish to capitalise on weaknesses in a company’s I.T. system.
Having a Disaster Recovery Plan should be an essential function when configuring your overall business operations in order to reduce the financial impact as well as minimise the legal implications for your company.
Disaster Recovery Plans explained
With an effective disaster recovery plan in place, your business will be able to protect its data and avoid paying ransoms. Another significant goal of a DRP is to minimise the amount of time your business spends offline, unable to serve customers. In a cut-throat economy, business downtime or bad press due to leaky security features is not only costly but hugely detrimental to your company’s public image. It is, therefore, crucial to demonstrate to your customers that your team operates with care and hindsight, protecting the individuals it serves, remaining able to support them while effectively managing any security issue.
Your business’s disaster recovery plan should always be formulated in line with the overall continuity plan you have set out.
The key concerns of a continuity plan are:
- to set out the time frame in which issues are expected to be resolved
- and ensure that hardware, applications and data are quickly restored
A disaster recovery plan should:
- Make sure all your business devices are protected
- Ensure any data and files in the cloud are safeguarded
- Automate protection for all data assets
- Set out the protocol for fast recovery
Why a Disaster Recovery Plan is important?
Cyber attacks are expected to cost the global economy $6tn by 2021. To ensure that your business does not fall victim to these losses, it’s essential to have a strategy in place that protects your company and its digital assets from the onslaught of new and evolving threats.
There is a very high probability that your organisation will at some point or another be exposed to cybercriminals, and depending on your level of preparation for unplanned incidents, your business may not be able to recover. Small companies are particularly vulnerable, with 60% going out business within six months of a cyber attack.
Putting resources aside and creating an actionable plan in the event of an emergency is both reassurance and necessary for the survival of your business.
What does an effective Disaster Recovery Plan involve?
A DRP is designed with the aim of protecting your business operations in the digital landscape while ensuring continuity and the safety of your digital assets in the event of a cyber attack. It should cover the following points:
1. Decide on key elements to protect
Assess your business needs and functions to make sure that all essential aspects are covered by the plan.
2. Continuity planning
Map out the procedures and necessary actions to enable your company to continue with business as usual at the earliest opportunity.
3. Co-locate certain services
Place critical elements off-site so that if a severe attack occurs, your digital assets are secure and protected.
4. Cloud backup
Ensure that your systems, files are backed up effectively and comprehensively.
When it comes to protecting your business, you should always seek expert advice in regards to cybersecurity. This is because cybercrime is becoming more and more sophisticated as we transform into a digital society, both in business and in our personal lives. If hiring an in-house specialist is not feasible, you may wish to look at partnering with an I.T. solutions service provider who can share an up to date portfolio, demonstrating how they have helped businesses such as yours to formulate effective Disaster Recovery Plans and implement them.
At Aztech, we have years of experience in supporting our clients with all aspects of I.T. security and continuity, so if you’d like a no-obligation chat with one of our experts regarding how you can formulate a Disaster Recovery Plan for your company, give us a call, and we’d be happy to help.