All Firms Should Have Complete Disaster Recovery Plans

1
All Firms Should Have Complete Disaster Recovery
Plans

• Trevor McNamara
• Steve Walker

2
What is a DRP??????

• Controls and procedures a firm develops in event
  of a natural or human disaster
• Designed to reduce business risk of critical
  functions necessary for survival of organization
  after disaster has hit

3
How to Develop a DRP?????????

• All firms should first assess the impact and risk
  each business process has on the firm
• Recovery time objective
• Recovery point objective
• Helps identify and prioritize the most critical
  business process

4
How to Develop a DRP?????????

• Next develop more detailed plan for recovering IS
  facilities
• Top management support, not just an IT problem
• Backup sites (hot, warm, cold)
• Backup of required supplies

5
Types of Disasters

• Natural disaster
• Flood, hurricane, earthquake, etc
• Fire
• Terrorist attack
• Utility failure
• Power, water
• Attacks by persons
• Hackers, protestors

6
So Why Does a Firm Need A DRP?

• To maintain continuous operations
• Saves time and money
• No delays
• Prevents bad decisions
• It is audited!
• 40 of firms without disaster recovery plan go
  out of business

7
Benefits

• Provides continuous operations
• Reduce panic if disaster hits
• Lowers risk
• Better understanding of company procedures and
  policies
• Reduce inefficiencies
• Safeguard information

8
Who Needs a DRP?

• Every firm needs a DRP