- Natural Disasters cannot be accurately modeled or planned for. They do happen and due diligence in site selection helps.
- In Thailand, costly equipment was damaged because the communication was not in an international language or as timely to foreign managers, hindering precautionary actions. this has to be anticipated and built into the plan.
- Time to recover varied from a minimum of 3 months onward for large firms
- Online activism or Hacktivism can spontaneously result in disruption at a scale which is unprecedented. An analysis of the stability of the political environment and its impact on the functioning of the country is paramount to BCP planning.
- Resetting a country involves a regime or policy changes that take years. Therefore do not expect a short term effect on business operations
- Social unrest in a recessionary world is on an uptick and is not solely related to third world countries as believed prior
- Organization’s sourcing to the cloud must ensure that they are contractually covered for such outages. Atleast for another year, companies should expect such outages as a given.
- SMB’s should take precautions to build BCP plans when cloud sourcing which involve, at minimum, work around processes and data backup.
- Large organization must assist small suppliers build a business continuity plan through mandatory BCP specifications in supplier agreements aswells as regular audit, and awareness training
A Strategic Approach to Security Risk while CloudSourcing
Midsized service firms face business continuity issues if senior executives leave with operational data
In 2011, Natural Disasters highlight importance of Business Continuity Planning