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Crisis Management Explained: A Comprehensive Guide

Bernstein Crisis Management

Business continuity planning: Developing a plan to ensure the organization can continue its critical operations during and after a crisis, including alternative work arrangements, backup systems, and recovery procedures.

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Ensuring Operational Resilience Amidst Geopolitical Events

Fusion Risk Management

These events – whether civil or political unrest, trade disputes, economic sanctions, pandemics, or natural disasters – can have far-reaching implications on an organization’s employees, business operations, vendors and supply chain, and customers.

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Business Continuity vs Disaster Recovery: What’s the Difference?

NexusTek

Unexpected downtime can be caused by a variety of issues, such as power outages, weather emergencies, cyberattacks, software and equipment failures, pandemics, civil unrest, and human error. The terms “business continuity plan” and “disaster recovery” are often used interchangeably, but they do represent distinct processes and solutions.

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Sensing the Tremors of Disruption

Fusion Risk Management

Pandemics were on national risk registers and scenario exercised with national agencies in the UK and US just a couple of years prior; Russia annexed Crimea in 2014, setting itself up to be able to effectively target a resource rich Ukraine; and in borrowing so much during lockdown, we couldn’t avoid a state of rising inflation this year.

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The Colonial Pipeline Hack: Failure in Risk Management

LogisManager

For example, a forensic finding made during an evaluation of Colonial Pipeline noted numerous known and preventable vulnerabilities, such as unpatched and outdated systems, that likely led to the security breach. About the Author: Steven Minksy. Steven is a frequent speaker in the Energy , Financial Services and Cyber industries.

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Operational Resilience: Is it just business continuity done properly?

Plan B Consulting

Once this is done, you should look for single points of failure and vulnerabilities, which if improved would add to the organisation’s overall resilience. This is the classic ‘analysis’ phase of the business continuity lifecycle, and so in this case Brian is right, it is “business continuity done properly”.

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Operational Resilience: Is it just business continuity done properly?

Plan B Consulting

In addition, the Financial Conduct Authority (FCA) Consultation paper of 2019 states: “Building operational resilience: impact tolerances for important business services and feedback to DP 18/04”. You still on occasion see this type of plan and when you read them, they almost all have the same content, just with a different title.