When it comes to business continuity, the T word most often in mind for many companies is not terrorism; it's technology and a company's potential vulnerability. Risks include Internet viruses, loss of telephone lines and electrical power and other network outages caused by faulty equipment, employee sabotage or error and a host of other potential events that could interrupt doing business via the Web or over an intranet.
While companies are certainly alert to the possibility of another Sept. 11, they are just as much driven these days by the recognition of how dependent they have become on technology and the potential impact a computer network shutdown can have on their ability to conduct business. "Since people really started doing business online, there is much, much more of a concern about being up, on and available seven days a week," says Vickie Malis, vice president of marketing for the off-site data protection unit of Iron Mountain Inc., the world's largest records and information management company. "Information is a corporate asset." And assets have to be protected.
One approach to keeping records and data safe, upon which Iron Mountain's business model was originally premised, is to send the duplicative material to another location entirely. The best practice is "off-site, off-line and out of reach," says Malis.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.