Business Continuity Planning (BCP) is the process that an organization employs in creating a system of prevention and recovery from possible cyber attacks that could happen in the organization. The process is also built with strategies that protect the organization’s digital assets and prepares its security framework to ensure there are no vulnerabilities and loopholes that could threat actors can leverage.
Business Continuity Planning describes and examines all the assets an organization has, the level of risk associated with each asset, and the level of loss such asset could bring into the organization and as such, set the organization right in risk management in the events of unforeseen circumstances like natural disasters such as flood, physical raiding such as theft, burglary, etc., and cyber attacks such as data-breach, cyber espionage, and sabotage, etc. BCP as a document contains detailed information and plan an organization needs to continue business operations during attacks, which could lead to business disruptions, breaches, or loss of data, revenues, and reputation.
Features of a Good Business Continuity plan
- Asset valuation.
- Risk identification and impacts.
- Initiate procedures necessary for ensuring that the techniques adopted are effective.
- Roles and responsibilities of team members and employees in the mitigation process.
- Set strategies and policies to minimize risks.
- Constant review of policies to meet the current trends.