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A significant 77% of CEOs are still failing to take an active role in disaster planning committees in spite of the fines businesses can face, said Symantec.
The study findings also found that 69% of respondents are concerned about suffering damage to their company's brand and reputation, 65% fear harm to overall customer loyalty, 65% are concerned about the impact to their competitive standing, and 64% worry about losing company data in the wake of disasters.
According to the research findings, 48% of organisations have had to execute their disaster recovery plans. Additionally, 44% of organisations without a disaster recovery plan experienced one problem or disaster, while 26% experience two or more, and 11% experienced three or more.