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Technological marvels like the Internet and rapid telecommunications have changed the way we do business. While modern technology has brought us many conveniences, it has also created many new challenges. In today’s globalized economy, businesses are expected to be available to their customers 24/7; however, if there are lengthy downtimes due to system outages, security breaches, or other issues, then a company’s ability to meet its customers’ demands will be severely compromised. Business continuity planning is a form of risk management assessment that takes into account the external and internal threats that may compromise a businesses’ ability to function normally. Central to any business continuity plan is a comprehensive Williams data protection strategy and backup regime to safeguard the company’s data from various threats and outages. There are, however, many challenges that impede backup strategies which businesses must overcome. Some of these challenges include storing the large amounts of data most businesses handle, and the limited space and storage devices that are available to safeguard such data. To make matters more complicated, businesses are expected to comply with various federal-mandated regulatory acts, such as the Sarbanes-Oxley Act. The Sarbanes-Oxley Act is also known as the ‘Public Company Accounting Reform and Investor Protection Act’, and was first enacted in 2002. According to the Act, top management executives in corporations are expected to certify the accuracy of their company’s financial information. Inaccurate information and fraudulent financial activity will lead to severe penalties. In light of these regulations, all businesses of any consequence are expected to comply with federal laws. These laws apply when storing, disseminating, backing up, or even deleting data. On the other hand, it is just as vital that companies have a proper disaster recovery plan to retrieve data that has been backed up following a natural disaster or manmade disaster. Natural disasters include earthquakes, floods, and hurricanes, while manmade disasters include cyber attacks and acts of sabotage. Identifying such risks is known as threat and risk analysis (TRA). Companies should hire professional data recovery specialists to create a business continuity plan that promotes value system integrity and contingency planning. The Williams data protection strategy should identify all threats that can affect business continuity, and use tools like backup software and online backup systems via cloud computing to ensure immediate recovery following an outage or disaster. For more information, see: securitymattersmag.com/index.php.
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