Business Continuity Planning (BCP) can be difficult, but it can also be the difference between success and failure for many companies. Where many go wrong is understanding what they need to back up – and why these backups are essential. Differentiating between what is essential for business function and what is not changes on a regular basis; especially in a digital market. New Notifiable Data Breach regulations, along with the GDPR are redefining how companies respond to data breaches and data loss events, but also how they must prepare for them too. Furthermore, Cloud technology has shaped how corporate environments store and back up their data, and how they respond in the event of a disaster.
So, where do companies begin? The best way to approach BCP is to select the right solution for your business. This solution is defined by what data your company stores, your ongoing success strategy, and the time and money set aside to respond to incidents. It is also determined by how much data is too much when it comes to data loss. Currently, companies are producing more insights than ever before – and these grow with every passing day. Over the course of days, weeks, and months, a business will generate a significant amount of data; data that they have come to rely on. If they were to be cut off from this, or lose it, they must still be able to continue to operate. They must also be able to recover mission-critical data, such as customer records, accounting functions, inventory, and more. This includes obtaining an understanding of how the data was lost, and whether or not it was compromised and requires a further compliance response. There are three questions that companies must ask when it comes to their backups:
- What data do we need on a daily basis?
- How do we secure this data?
- What do we do if we lose it?
The first two questions can be answered with an audit to understand essential insights, with a business capable of establishing a good BCP strategy based on this knowledge. This strategy should also incorporate steps for the third question, with business leaders understanding the effects of downtime and recovery costs for worst-case-scenario events.
At the end of the day, businesses must have a backup solution that enables them to reduce the effect of data loss and improve recovery times. Most companies don’t do this, and as a result, their BCP plans are incomplete and incapable of enabling successful recovery. A full BCP strategy addresses more than the preservation of data but also incorporates a plan to restore it in the event of a disaster.
A good backup plan ensures a good recovery. What a business backs up will depend on their needs and strategy, as well as the nature of their operation. The best approach to backups is holistic, with a company taking the time to audit their needs and vulnerabilities and address them to discover and implement a tailored solution. This will ensure consistency and stability in the event of a disaster – and the confidence to face whatever comes and act appropriately, quickly, and in a manner befitting of the company.
Here at MOQdigital, we can help you develop a practical plan for how your business can prepare for, and continue to operate after an incident or crisis. Contact us to find out more.