Many firms may be focusing on the least likely dangers as they draw up business continuity plans. Fear of terrorism remains the main reason for tightening up disaster recovery procedures, according to a recent survey. Just over a third of firms said that the threat of terrorism was the biggest reason for boards to assume responsibility for business continuity, according to research among 200 UK companies carried out by disaster recovery specialist Sungard. A quarter of firms said their board’s increased interest in disaster recovery was caused by a growing reliance on IT systems, while 23 percent said it was caused by forthcoming industry regulations such as the Combined Code of Corporate Governance, which obliges firms to put risk management procedures in place. The responses fly in the face of Sungard’s own research, which suggests that hardware failure is the main cause of business interruption, at 17 percent, followed by power outages at 13 percent. Full Story
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