Summary
Aggressive global competition, greater service demands, more restrictive regulatory requirements, and increasingly rigid corporate oversight all raise the expectations for achieving and demonstrating business resiliency. Business continuity, IT disaster recovery, and information security are essential elements of business resiliency, with the common objective of managing the risks of business disruption. While all have traditionally operated as separate silos, they follow very similar business impact analysis and risk assessment processes, with heavy reliance on controls documentation, monitoring, and testing. Security and risk professionals should apply a common risk-based approach to these disciplines to streamline processes, improve cross-discipline collaboration, and provide a common system of managing risk.
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