Article:

When disaster strikes is your business ready to respond?

24 April 2020

Croci di Giacomo, IT Risk Advisory Senior Manager, Advisory |

The COVID-19 pandemic has shown us the importance of workplaces adapting to new situations rapidly by offering flexible and digital ways of working. Businesses which were able to adapt quickly were those with a robust business continuity framework. Creating your business continuity plans and the underlying technology continuity plans will allow you to respond promptly in case of a disaster event.

So if you don’t have a continuity plan in place where do you start? The first step is to identify and document an appropriate governance structure. You can then carry out a Business Impact Analysis to identify the impacts on your business of not being able to complete critical processes. It’s important to fully test your continuity plans to make sure they work effectively and provide training to users.

An effective flexible and remote working environment means being able to access business internal resources from outside the traditional corporate perimeter and from different devices, for example, corporate and personal mobiles and tablets. This comes with risks to information in terms of confidentiality, integrity and availability. In this environment, data is travelling across different networks and could be intercepted, unauthorised users may gain access, and resources may become unavailable due to IT operational issues or cyber-attacks.

The idea of a truly paperless office and moving to digital has been discussed for many years. However, the reality is that many businesses have ingrained business processes based on physical signatures, with paper-based review and approval steps.

In the current environment, the thought of making these changes within your business may seem daunting. At BDO we work closely with businesses to help identify your business continuity requirements, and create business and technology continuity plans you to respond promptly in case of a disaster. We can also test your business and technology continuity plans to make sure they work effectively and provide training to users.

We can assist with the move to a remote working environment and digital transformation by identifying your critical assets and associated risks, in terms of threat and vulnerability, and assessing the security measures you have implemented to protect them. Before starting a digital transformation we will identify key risks and bottlenecks, highlight redundancies and simplify existing activities. This will enable us to define and implementing a roadmap to move to a paperless environment.
 

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