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Analyst firm IDC has found that the majority of European enterprises with global revenues of $100m (£66m) still have no formal business continuity plans in place.
Josh Krischer, a Gartner analyst, said recently that too many firms are concentrating on high impact, low likelihood events such as the World Trade Center attacks and urged businesses to give disaster planning a higher priority.
Christopher Young, managing director of the Impact Programme, reminded company executives of their legal obligations on business continuity.