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Disaster Recovery and Business Continuity Planning - Essay Example
Finance & Accounting
Pages 3 (753 words)
Institution Date Disaster Recovery and Business Continuity Planning Disasters and emergencies are occurrences that are synonymous to our environments. At least every living human being must have witnessed, come across, involved in or heard of news of disasters or emergencies…
Disasters occurring due to natural forces and catastrophes on the other hand are unpreventable but predictable. Predictability of such disasters helps in the management and control of destruction causable by the catastrophes. Management of disasters due to natural catastrophes usually involves relocation of people and businesses from the vulnerable regions. Disasters and emergencies of any type have the potential to cause severe losses for businesses. Many businesses have ended up losing not only their merchandises, but also crucial information and documents for the running of the particular businesses. It is for the previous reasons that businesses should establish proper mechanisms and measures to keep safe information and documents deemed crucial for their operations. To ensure easy recovery and smooth business continuity, businesses also need to insure their operations with reputable insurance companies if possible, more than one and located in different areas. For better understanding about impact and extent of losses incurred by businesses in case of a disaster, it is important to review the recent catastrophe of Hurricane Sandy. Hurricane Sandy did not just occur without prior scientific predictions. ...
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