continuity planning

Recovery plans aren't just nice. In certain cases, they're required.

About 50% of businesses that suffer from a major disaster without a disaster recovery plan in place never re-open for business

-         American Management Association


That statistic by itself is enough to get one’s attention, but then factor in all the regulations, laws, and mandates that require recovery planning:

 

-    Sarbanes-Oxley act

-    IRS Procedure 86-19

-    Consumer Credit Protection Act Section 2001 Title 1X

-    Foreign Corrupt Practices Act

-    Expedited Funds Availability Act

-    Gramm-Leach-Bliley Act

-    Federal Financial Institutions Examination Council

-    BASEL II, BASEL Committee on Banking Supervision

-    HIPAA

 

-    FDA Code of Federal Regulation

-    FEMA FRPG 01-94

-    FISMA Act

-    NIST SP800-34

-    NERC P6T3

-    NERC Urgent Action Standard 1216

-    Rural Utilities Standard 7

-    Presidential Decision Directive 63

-    Presidential Decision Directive 13010

-    ISO Standards 9000, 22301, 27001, 31000

-    GAO/IMTEC-91-56 Financial Markets

-    FFIEC Inter-Agency Policy

Failing to comply with these standards and regulations for your industry/organization can directly impact your ability to compete in the marketplace, obtain funding, and even bid on certain projects.

As Ben Franklin put it, "An ounce of prevention is worth a pound of cure."    Having a comprehensive recovery strategy helps prevent catastrophic events, well worth the time and effort as opposed to rebuilding your business from a total loss.

Side note - Franklin's quote is the result of him trying to convince the colonial Philadelphians that creating a group committed to firefighting was a good idea.  His agrument was that prevention of a catastrophic city-wide fire was preferable to rebuilding the city from scratch.