A proactive approach to ensuring that an organization can continue operations during and after a disruptive event.
Description
Business Continuity Management (BCM) in the cybersecurity industry refers to the processes and strategies that organizations implement to maintain essential functions during and after a cyber incident. This involves identifying critical business functions, assessing risks, and developing plans to ensure minimal disruption. BCM includes creating response strategies for various scenarios, such as data breaches, ransomware attacks, or natural disasters. It is essential for organizations to conduct regular training and simulations to prepare staff for potential incidents and to update their plans based on evolving threats. A robust BCM framework helps organizations not only recover from incidents but also enhances their resilience against future threats, promoting overall cybersecurity posture. By integrating BCM with disaster recovery plans, organizations can ensure that they can restore operations quickly and effectively, thereby protecting their reputation and financial stability in a digital world where cyber threats are increasingly common.
Examples
- Target's data breach in 2013 led to a significant overhaul of their BCM strategies, focusing on better risk assessment and incident response.
- British Airways faced a major IT system failure in 2017, prompting them to improve their BCM protocols to ensure rapid recovery and continuity of services.
Additional Information
- Effective BCM involves regular testing and updating of plans to adapt to new cybersecurity threats.
- Collaboration with cybersecurity experts can enhance the BCM framework, ensuring comprehensive coverage of potential risks.