A recent report by Regus has uncovered Indian businesses are ill prepared to deal with natural disasters. The survey, whose findings can be found on the India Infoline news Service Website, revealed that almost 50% of businesses in India do not have a disaster recovery plan (DR) in place for their information security.
In 2011 India was struck by a spate of natural disasters including Tsunamis, fires, vandalism, earthquakes and terrorist attacks. These all resulted in huge costs to businesses and further highlighted the critical issue of disaster recovery and business continuity within Indian organisations.
Staggeringly, when you consider India is often a country affected by natural disasters due to its geographical position, you would expect more than 50% of businesses to have a DR plan in place. The cost of implementing a DR is seen as a major barrier, with 43.5% stating this prohibits their planning. Conversely, 63.5% of organisations would consider buying a workplace DR facility, if affordable options were available.
But India is not alone. There are almost 45% businesseses around the world that do not have a DR plan whilst 55% of them have no BC plan for their workspace regulations.
India Infoline News Service (IIFL) lists the following key findings of the Regus survey:
- 45% of firms globally do not have an IT DR plan in place ensuring systems are up and running within 24 hours
- Globally 55% of firms have no workplace recovery that could be available within 24 hours
- 33% of respondents globally report that they perceive the cost of DR as prohibitive
- However, more than half of respondents (55%) declared that they would invest in workplace recovery if the service were suitably priced
- Although larger firms are better prepared for disaster recovery than smaller companies, 26% of larger corporates still remain without a DR facility for their IT systems, and 40% have no workplace DR facility
- Financial services (71%) and ICT businesses (66%) were more likely to have a business continuity plan although more than 40% of firms in these sectors have no workplace recovery arrangement
Alan Calder, CEO of IT Governance Asia, comments, “No organisation can stop disasters from happening, but every organisation should take the measures necessary to protect its assets (including its staff) in case of unexpected events. It is the board’s responsibility to ensure that they have a robust and fully tested business continuity and disaster recovery plan, which covers all of the risks that could potentially harm their business.”
Don’t get left behind – protect your business with this must-have Business Continuity Management System (BCMS) Implementation Toolkit
|BS25999 BCMS Implementation Toolkit (Download)
You might also be interested in the following essential publications: