a business’ operations could be severely impacted. Many companies could have business halted for several days from a natural disaster, or an internal crisis such as a virus or malware taking over their systems. If a business hasn’t put a disaster recovery plan in place and a company’s warehouse, office, or factory has been damaged or destroyed it could take months for them to recover. Also, like previously stated, if there is a disaster that prevents employees from being able to get to work the company could be out of operation for a while. There are ten steps for a company to follow in order to have a successful disaster recovery plan. These steps include: devising a disaster recovery plan, monitoring implementation, testing the disaster recovery plan, performing off-site backup and storage, performing restoration testing, backing up all devices (laptops desktops, etc.), being redundant, investing in theft recovery and data delete solutions, installing antivirus, and a hiring managed service provider. However, following all ten of these steps could cost a company a lot of money. This might be why there are about 60% of businesses in North America that currently do not have any sort of disaster recovery plan in place for the event of a natural disaster or something similar (Chisholm, 2015). These companies might have looked at the cost of a disaster recovery plan and decided it’s worth the risk to not fork out the money for a “what-if” plan. However, if any of these companies were damaged by a disaster, they would not have anything in place to resume IT services after their crisis and could in worst case go out of business because of their loss. For every day a business is out of commission due to a disaster or event they will be losing money. Forbes explains, “Companies spend an average of $686,000 per hour when experiencing downtime” (LaPedis, 2015).
a business’ operations could be severely impacted. Many companies could have business halted for several days from a natural disaster, or an internal crisis such as a virus or malware taking over their systems. If a business hasn’t put a disaster recovery plan in place and a company’s warehouse, office, or factory has been damaged or destroyed it could take months for them to recover. Also, like previously stated, if there is a disaster that prevents employees from being able to get to work the company could be out of operation for a while. There are ten steps for a company to follow in order to have a successful disaster recovery plan. These steps include: devising a disaster recovery plan, monitoring implementation, testing the disaster recovery plan, performing off-site backup and storage, performing restoration testing, backing up all devices (laptops desktops, etc.), being redundant, investing in theft recovery and data delete solutions, installing antivirus, and a hiring managed service provider. However, following all ten of these steps could cost a company a lot of money. This might be why there are about 60% of businesses in North America that currently do not have any sort of disaster recovery plan in place for the event of a natural disaster or something similar (Chisholm, 2015). These companies might have looked at the cost of a disaster recovery plan and decided it’s worth the risk to not fork out the money for a “what-if” plan. However, if any of these companies were damaged by a disaster, they would not have anything in place to resume IT services after their crisis and could in worst case go out of business because of their loss. For every day a business is out of commission due to a disaster or event they will be losing money. Forbes explains, “Companies spend an average of $686,000 per hour when experiencing downtime” (LaPedis, 2015).