article thumbnail

An Introduction to FFIEC: BCM’s Gold Standard

MHA Consulting

It has greater governance, risk assessment, business impact analysis, planning, testing, and maintenance requirements than any other standard. And its focus on continuous improvement helps ensure that organizations are always prepared to respond to disruptions and minimize their impact. marketplace.

BCM 74
article thumbnail

The Retro Revolution:  Why Manual Workarounds  Are a BC Must 

MHA Consulting

The scenario was, “A regional internet outage has occurred; you have no internet access to the outside world. However, we’re finding that with ransomware, network outages, and all the rest of our contemporary challenges, the need to have documented, tested manual workaround procedures is greater than ever. I wish them the best.

Outage 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Business Continuity Guide for Smaller Organizations

Stratogrid Advisory

Industry Governance Currently, there are a few organizations that govern the overall Business Continuity industry. In Canada, the public sector is governed by the Treasur y Board Securit y Mana g ement directive , which outlines BCM practices in federal government agencies and departments. Specific industries (e.g.

article thumbnail

Business Continuity Guide for Smaller Organizations

Stratogrid Advisory

Section 4 - Business Impact Analysis. 4 – Business Impact Analysis. 4 – Business Impact Analysis. 4 – Business Impact Analysis. Industry Governance. Currently, there are a few organizations that govern the overall Business Continuity industry. ARTICLE SECTIONS.

article thumbnail

BCP vs. DR Plans: What Are the Key Differences?

Zerto

At a high level, some of the key elements of a BCP are: Information about and/or references to BC governance, policies and standards. BCP Includes Business Impact Analysis, Risk Assessment, And Strategy Development. Risk Assessment: 3 Key Starting Points for Effective Business Impact Analysis.

BCP 82
article thumbnail

Separating the Best from the Rest: An Analysis of Why Business Preparedness Is Critical in an Uncertain Future

Erwood Group

Even a trader was impacted by a power loss at his home. Due to the outage, he was unable to execute a trade to exit a position and lost $70,000.00 Reduce or even eliminate financial losses by implementing strategies that reduce the impacts. Meet government, regulatory, and customer requirements calling for contingencies.

article thumbnail

Are Cyber Attacks the Next Big Threat for Operational Resilience?

Castellan

Nation-state actors are believed to be behind this attack, as well as another attack revealed recently by Microsoft that targeted more than 150 government agencies , with the U.S. This is where a business impact analysis (BIA) and risk assessments can help. Just a few weeks after much of the U.S. No industry is immune.