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10 Questions Every Company Should Be Asking Itself About its Business Resilience

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10 Questions Every Company Should Be Asking Itself About its Business Resilience

  1. 1. 10 Business Resilience Questions Every Business Should Be Asking Itself About it’s Business Resilience
  2. 2. About me • Michael Bowers • Sr Solutions Specialist • CAM Business Solutions, Los Angeles • Established in 2002 • IT consultant in the 1990s • Director of IT for Nadel Architects in 2001 • Specialty • Security • Operations • Backup and Recovery • Networking
  3. 3. What is Business Resilience • Business resilience is the ability to prepare for, respond to, and recover from just about disaster it may face. • It helps an organization protect against the countless threats that can cripple it’s operations, and limit the severity of any incident, and ensure its continued survival despite an event.
  4. 4. Business Resilience • Cyber resilience has emerged over the past few years because traditional cybersecurity measures are no longer enough. • It is now commonly accepted that it’s no longer a matter of ‘if’ but ‘when’ an organization will suffer data loss or a cyber attack. • This means that instead of focusing your efforts on keeping criminals out of your network, it’s better to assume they will eventually break through your defenses, and start working on a strategy to reduce the impact.
  5. 5. What could possibly happen?
  6. 6. Question #1 How do you feel about your company’s current Risk Posture?
  7. 7. Question #2 WWYD – If there was a fire, flood, cyber attack, or a malicious attack at your main office?
  8. 8. Question #3 Do we have an accurate inventory of all of our data locations?
  9. 9. Question #4 What’s our Cyber Security strategy and would it detect the threats I keep hearing about?
  10. 10. Question #5 Where do we keep our incident response policies?
  11. 11. Question #6 Where do we keep our incident response policies?
  12. 12. Question #7 What solutions / vendors are needed to fulfill our responsibilities to our clients?
  13. 13. Question #8 What’s the focus of our backups? Copies? Current data? Speed of being back up?
  14. 14. Question #8
  15. 15. Question #9 Communications- WWYD
  16. 16. Question #10 Who is responsible for managing our threat exposure?
  17. 17. Summary • While there is no way for a company to truly predict every disaster it will face - having risk management policies in place can help soften the blow of business disruptions and sometimes prevent the problems altogether. • Risks are something businesses are exposed to daily. Whether it is an internal failure or an external event, there is a seemingly endless list of things that can threaten business productivity at any given moment. Some of these risks are even serious enough to jeopardize an organization’s survival.
  18. 18. IMPROVING YOUR RISK MANAGEMENT APPROACH The benefits of good risk management combined with the potential risk of neglecting these practices makes an enticing case for improving your approach immediately. So, what should be your first steps?
  19. 19. Action steps Assess and plan: The first step to good risk management is assessing your current state. Where are you most susceptible to risk and how much work needs to be done to prevent it? Deciding what state you are in currently can help you better formulate the correct plan for your business. From there, you should start laying out a concrete strategy.
  20. 20. Action steps Communicate your plan: A plan is rendered useless when it's not efficiently communicated to the necessary parties. Business leaders should make sure these new processes and risk policies are readily available to employees new and old. Upon the completion of your risk management plan, hold a company wide meeting and open the field for questions and clarifications.
  21. 21. Action steps Improve internal processes: Improving internal management functions is one of the best ways to tackle potential business risks immediately. From improving your cyber protection to better tracking your data and assets, leveraging the resources of your IT partner can help significantly lower your chances of falling victim to common industry problems.
  22. 22. Thank you for your time Michael Bowers 818-356-7187 Mbowers@CAMBusinessSolutions.com

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