For national economies to be healthy there needs to be financial security, which in turn ensures greater stability, certainty and optimism. Every organisation, in business or the public sector, needs financial security to provide the necessary foundation for stability and sustainability.
Markets, investors, business leaders, workers and customers all dislike uncertainty. Threats to security and continuity include cybercrime, fraud and deception, disruption of supply chains, changing customer expectations, rapid technological changes, currency fluctuations, share value volatility, extreme weather, civil unrest and terrorism.
Continuity management and disaster recovery must be planned carefully and reviewed regularly. There is always a risk of issues getting out of control and incidents occurring unexpectedly that can damage reputation, relationships and revenues. Being fully prepared is vital. Effective resilience relies directly on proper business continuity planning.