7. BIA, BCP and DRP plans
7.1 Business impact analysis
It is identified that business impact analysis is undertaken which is one of the systematic procedure that is helpful for the company for determining as well as evaluating the effects of the risks as well as challenges that the company faces (Kastalli and Van Looy 2013,pp.170). It is identified that due to the risks that the company faces, various business operations of the company gets interrupted and as a result the company faces difficulty in operating effectively. It is analyzed that due to the security risks the company faces huge losses due to misuse of both financial as well as personal data.
7.2 Business Continuity Plan
The company utilizes business continuity plan and create number of strategies through the recognition of risks as well as threats that are faced by the company for ensuring that both personnel data as well as assets are generally protected so that the company can easily function properly during any disaster event (Lambert and Davidson 2013, pp.668). It is identified that with the help of business continuity plan, the company identifies the risks, determines mitigation process and implements proper measures for the risks. In addition to this, the company periodically reviews the procedures for making sure that the implemented measures are up to date.
7.3 Disaster Recovery Plan
Disaster recovery plan is one of the structured approached with appropriate instruction for responding to different types of unplanned incidents. It is identified that this step up plan mainly consists of various precautions that are generally taken by the organization for operating effectively in order to achieve the objectives as well as goals of the organizations (Kastalli and Van Looy 2013, pp.199). It mainly involves an analysis of various procedures of business as well as continuity needs. In order to resolve the risks as well as challenges that the company faces, appropriate numbers of precautions are taken by the companies that are quite useful.
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