Five ways a disaster recovery plan can help with IT compliance
Data is every business’ most valuable asset. If something were to happen to it, your business would be left in the lurch, struggling with costly downtime and potential compliance liability.
Formulating a disaster recovery plan is more than just creating a list of every possible disaster. It’s a smart and strategic way to future-proof your business and ensure that your IT compliance will remain intact—no matter what happens.
Here’s some of the crucial ways that a disaster recovery plan can improve IT compliance:
Providing secure backup
Backup can quickly be brushed off as an unnecessary extra cost. But in reality, it’s essential for every business wanting to protect their data, and it’s the cornerstone of any good disaster recovery plan. Data can be lost in any number of ways, even a simple accident. If it’s lost and effective backup solutions are not in place, that data is gone forever and is not retrievable. Without backup, businesses are unable to guarantee the safe storage of customers’ data.
Mitigate a variety of risks
A comprehensive disaster recovery plan will aim to account for any number of potential business threats. It effectively works as a comprehensive risk management solution with data protection and minimal downtime at its core.
Business threats come in all shapes and sizes. It’s important to plan for everything from cyber threats to natural disasters, theft and accidental deletion of data. This way, you’ll ensure that you’ve got the necessary plans in place to restore client data to a secure location quickly and effectively, no matter what happens.
Disaster recovery planning provides businesses with a unique opportunity to review, assess and reassess company processes and priorities. To keep up to date with evolving data regulations and advancing technology, it’s vital to constantly be reviewing and updating your policies accordingly. Creating or updating a disaster recovery plan requires businesses to take a complete look at cybersecurity policies, cloud compliance, HR processes, data handling, the physical safety of offices, and so much more.
To maintain IT compliance, these processes need to be updated and assessed regularly to ensure no new threats have emerged that could cause harm to data.
Every business is aware of GPDR and other compliance regulations. But don’t forget that means your customers are too. The modern customer is looking for an organisation that values their privacy, will protect their information and will be able to stay operational no matter what challenges come their way. Building business resilience with a disaster recovery plan simultaneously demonstrates reliability to customers and staff members alike.
One of the easiest ways for companies to get caught on IT compliance and land some hefty fines is when they don’t understand what they as a business are responsible for. The Financial Conduct Authority and other governing bodies insist that organisations must take responsibility for:
- Managing risks
- Safeguarding data
- Doing due diligence to treat customers fairly
Even if a crisis occurs that is out of the business’ control, like a global pandemic, the company is still responsible for ensuring that the consumers’ best interests are protected.
Forming an effective disaster recovery plan
Ultimately, the more effort your business makes to minimise downtime, mitigate risks and prevent data loss, the better. For business IT solutions to maintain compliance, it’s essential to form a robust disaster recovery plan to cover all your bases.
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