Maximising Business Impact Analysis: A Guide to Effective Emergency Response

By |2024-10-08T08:15:42+01:00 8 October, 2024|Business Continuity, Business Impact Analysis, Emergency Response, Resilience|

When an organisation faces an emergency, understanding the potential impacts is paramount. Typically, a well-established Business Continuity Management (BCM) includes a Business Impact Analysis (BIA), which identifies the effects of disruptions on processes or services. However, in real-life scenarios, BIAs are not always utilised to plan immediate responses, use it to make foundational decisions quickly or anticipate future consequences. All of that should be possible, as a good BIA includes the interdependencies to other processes/services and the maximum tolerable period of disruption (MTPD) as well as an explanation of why that is and how a disruption will affect different categories. The categories should be those that are used to define an emergency. Generally, those are financial impact, loss of reputation, impact on regulation, and impact on health. All those parameters could help to react in a high-pressure environment, which is to be expected after a cyberattack. So, why [...]