Freak week focusses minds on business continuity

A freak week has seen interest soar in business continuity, according to organisers of an upcoming event on the area.

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A freak week has seen interest soar in business continuity, according to organisers of an upcoming event on the area.

Business Continuity Expo has compiled a number of “staggering statistics and frightening facts” to urge UK companies to not to neglect this essential responsibility in a week that has seen the largest outbreak of bird flu in the UK, blizzard conditions close offices and schools and letter bombs put the security services and postal system on high alert.

“The UK has more tornadoes per unit land area than the USA.”
(Source: TORRO, who look at extreme weather events)

Computer related disasters cost British businesses a staggering £1.8 billion.
(Source: Office Shadow)

A massive 78% of businesses have suffered an online attack with the average cost standing at an average of £30,000. (Source: DTI)

According to the government’s own chief medical officer, Sir Liam Donaldson, it is a matter of when, not if, a flu pandemic develops over the next few years. And, when such a pandemic occurs, within a matter of weeks the world will have fallen into a sustained period of business disruption, with illness and death on a scale that will overwhelm health resources worldwide. England and Wales alone could face more than 600,000 deaths, causing the economy to come to a standstill. (Source: Graham Chick/Survive)

McKinsey says if you can manage risk successfully, there’s a clear return on investment. It says that over 80% of investors would pay 18% more for shares in a well-governed company.

“…There are 2 elements of communications system failure during a crisis: loss of infrastructure and overload… following the 9/11 attacks 200,000 voice lines and four million data circuits failed…and by 11am that day 90% of all mobile calls were blocked due to infrastructure failure or overload…” (Source: Applied Satellite Technology)

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