Survey shows holes in UK's corporate disaster recovery plans | AccountingWEB

Survey shows holes in UK's corporate disaster recovery plans

A new survey shows more than a quarter of UK companies do not have a disaster recovery plan for their IT systems, in spite of 92% claiming that it was an important factor in their IT expenditure.

Findings from the 2008 Information Security Breaches Survey, (ISBS) carried out by a consortium led by PricewaterhouseCoopers, go on to show that of those companies that do have plans in place over half fail to test them.


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Wise investment in DR is crucial

AnonymousUser | | Permalink

Growing risk awareness and an increasingly dangerous business environment may have prompted more companies to invest in disaster recovery (DR) as part of the business continuity programme - but how safe is that investment?

Just what, indeed, is being recovered? Few organisations have any real insight into the true extent of their IT assets. Not only does this challenge the validity of the DR solution but it also raises huge questions in the event of an insurance claim.

For most companies, one of the major issues is the complete lack of co-ordination between the asset register recorded within finance and the inventory lists used within the IT department to determine system maintenance and support.

Any inconsistency between the asset register held within finance and other inventory records in the business will raise significant doubt for insurance companies, delaying payment at best. At worst an organisation could lose any chance of an insurance pay-out, even face charges of claiming for non existent items.

However, there are simple processes that can be followed to ensure greater information consistency. A central repository that records the serial number and asset location, as well as the value of each item, will meet the needs of all departments from finance to IT.
Critically, this ensures that reliable, accurate information is available for both insurance and DR planning, reducing business risk whilst also giving companies more confidence in their business continuity investments.

Yours sincerely

Karen Conneely
Group Commercial Manager
Real Asset Management