? The sheer cost of downtime:
– Forrester Research estimates the cost of one hour of downtime at:
§ $89,000 for airline reservations
§ $113,000 for home shopping services
§ $150,000 for pay-per-view
§ Between $5,000,000 & $10,000,000 for retail brokerages and credit card sales authorization.
§ The costs can be far greater, including loss of repeat business and tarnished company reputation.
? Rule 404 of Sarbanes-Oxley:
§ The Sarbanes-Oxley Act is one example of many recent legislative initiatives that create personal legal liabilities at the director and senior executive level for any failure to comply with the Act’s provisions – one of which specifies that business continuity capability provides adequate (and audit-able) retention and protection of financial records and often overlooked records such as e-mail.
? Corporate Cultural Awareness Gap:
§ 52% of IT Executives believe that they are VERY VUNLERABLE to critical data loss in the event of a disaster.
§ 86% of Business Executives feel they are NOT VULNERABLE to critical data loss in the event of a disaster.
An Independent Assessment can close the gap between Business Executive perception and IT Management Understanding in an Organization.
– Forrester
§ 43% of businesses suffering a disaster never recover sufficiently to resume business - Of those that do reopen, only 29% are still operating two years later
– National Archives & Records Administration
§ 93% of businesses that lost their IT area for more than nine days had filed for bankruptcy within one year of the disaster
– Gartner
§ 50% of businesses that found themselves without their data for more than nine days filed for bankruptcy.
