Half of UK firms invoke business continuity plans
Encouragingly, 73% of organisations have continuity plans in place, according to a survey by SteelEye Technology.
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Security technologist Bruce Schneier’s insights and warnings around the regulation of IoT security and forensic cyber psychologist Mary Aiken’s comments around the tensions between encryption and state security were the top highlights of the keynote presentations at Infosecurity Europe 2017 in London.
But 19% of companies have no plan whatsoever, blaming costs for their lack of investment, even though 40% of the organisations surveyed spent a relatively modest £58,000 or less a year ensuring continuity.
“When you consider how many organisations actually use their business continuity plan, and that any company without one could be just a day or two from a ‘fatal issue’, the real costs for business continuity assurance begin to look miniscule,” says Bob Williamson, vice-president of SteelEye Technolgy.
Companies that have suffered downtime test their plans more than twice as often as other companies. A recent report from Hewlett-Packard found similar high numbers of companies with business continuity plans in place, but revealed that 37% only test their plan annually.
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