The Key IT Group has launched a campaign to raise awareness about business continuity and IT security.
The campaign was launched with a recent conference entitled Continuity and Security Insight – Malta 2013.
Delegates were told that after a serious IT security breach or some other disaster, around 25% of organisations never reopen. A further 80% that do not recover within one month are likely to go out of business while 75% of organisations without Business Continuity Plans fail within three years.
Martin Caddick from PWC UK told delegates “Keep your Business Continuity Plans (BCP’s) simple so they are easy to use and maintain”.
Bob Clark from the Key IT Group emphasised the importance of testing and exercising BCP’s stressing: “If you don’t thoroughly test your BCP, it is really not worth the paper it’s printed on”.
MIB’s Fiona Borg explained how insurance has a vital role in business continuity. She also briefed the audience on a new cyber threat policy which can help reduce the financial impact associated with such attacks. The concluding presentation was given by PWC Malta security specialist Nathan Gatt. He spoke of the plethora of growing and diversifying threats from cyberspace.
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