Regardless of physical location, businesses worldwide need to make disaster recovery and data security a top priority, or risk paying the price.
Julian Buck, managing director of electronic document management provider Version One, urged business continuity in his assessment of how organizations operating in the U.K. should react to the massive earthquake and tsunami in Japan earlier this year. In an interview with Fresh Business Thinking, Buck said that, although some areas of the world are less likely to experience certain natural disasters, every organization should prepare for the worst and safeguard its data.
“Although the threat of a catastrophic event is comparatively rare in the U.K., in current times the risk is becoming greater than ever both in terms of natural disasters and terrorist attack,” Buck told Fresh Business Thinking. “The impact of this can cause significant disruption to a business’s day-to-day operations from which many never recover.”
In fact, Buck urged all companies to keep constant watch over their data security standards, as they may be susceptible to natural disasters and external threats without even knowing it.
“Many organizations may claim to have adequate business continuity plans in place but we often find the reality is different,” Buck said. “With the growing risk of man-made and natural disasters, it is essential for organizations to formulate sensible and workable business continuity plans to cover any eventuality.”
Research has revealed a need for disaster recovery improvements across the U.K. economy. Conducted by the Ponemon Institute earlier this year, the survey found 53 percent of the 380 responding officials from small- and medium-sized businesses in the U.K. have failed to prioritize data recovery. In fact, 45 percent said they devote 5 percent or less of their budgets to data recovery.