The worst is happening: A cyberattack is crippling your business systems. What do you do? How do you handle this disaster? Can you get your business up and running quickly? The more unprepared your organization is to handle cyberattacks, natural disasters or other risks the more likely your business is not to reopen or face serious setbacks. That’s why a business continuity risk assessment is so important.
Business continuity planning (BCP) involves creating a plan that will get your business back up and running after a disaster impacts some or all of your organization. Part of creating this plan is to conduct a business continuity risk assessment. Every business has risks that are unique to them depending on their industry, size and location. It’s best to know where your organization might be vulnerable.
What Is a Business Continuity Risk Assessment?
A business continuity risk assessment identifies any risks that may pose threats to your business. This assessment will also let you know the potential impact threats could make on your business. Your business continuity assessment is a roadmap that will help your organization anticipate and prepare for any disruptions.
Why Is a Risk Assessment Important?
Disruptions can be costly in terms of downtime, production shortages, fines or even lawsuits. When you have a business continuity plan in place, disruptions will be much more minimal. A business continuity risk assessment (BCRA) will help your organization prevent these risks by being proactive. When your organization understands your potential threats you can develop strategies to:
- Prevent disruptions when possible.
- Minimize the impact of unavoidable events.
- Quickly and efficiently recover from disasters.
The Risk Assessment Process
SynchroNet can complete a business continuity risk assessment with your organization. We’ll take an in-depth look at your organization and help you identify your unique risks.
BCRA is a structured process with these key steps:
- Threat identification: Our IT and cybersecurity experts will help you identify any vulnerabilities in your organization, from common threats to industry-specific risks.
- Impact assessment: Beyond identifying the threats, we also analyze the potential consequences of those threats. In this step we consider operational disruptions, potential financial ramifications and the impact on your team members and customers.
- Existing control analysis: In our business continuity risk assessments we evaluate all current mitigation strategies to find any gaps in preparedness.
- Plan development: Once the risk assessment is finished, it’s time to put together the business continuity plan.
Benefits of a Professional Risk Assessment
A managed service provider, like SynchroNet Technologies, can be your second set of eyes looking for vulnerabilities or the potential impact of risks. We have the expertise and resources to make sure a thorough and objective BCRA is completed. Our team identifies hidden risks you may miss during an assessment completed internally.
Ready to Protect Your Business?
Do not wait until disaster strikes to make a plan. Schedule a meeting with our team of business continuity experts today.
Are Your Cybersecurity Essentials Covered?
Don't wait until a threat strikes to protect your organization from cybersecurity breaches. Download our free cybersecurity essentials checklist and take the first step toward securing your digital assets.
With up-to-date information and a strategic plan, you can rest assured that your cybersecurity essentials are covered.
