The views and opinions expressed in this article are those of the thought leaders as individuals, and are not attributed to CeFPro or any particular organization.
By Jason Wang, Chief Risk Officer, Synergy Credit Union
We live in volatile times, and organizations should integrate business continuity planning (BCP) into their strategies and operations. The specific scenarios you plan for vary by industry, but some commonalities exist, no matter what business you are in. If BCP is new to you, starting this initiative can be a daunting task. Using Synergy Credit Union’s success in this area, we will share some best practices by answering several commonly asked questions about the “why” and the “how” of BCP.
Is business continuity planning the same as information security?
BCP encompasses information security (InfoSec) but is much bigger in scope. Even though in recent years, cyberattacks, ransomware attacks, and data breaches have been the predominant type of threats in media coverage, threats can come in many other forms. Any threat factor that could cause disruptions to your business should be included in BCP. Don’t forget about physical security, and don’t forget about threats from inside of your organizations.
