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The greatest concern for business’

by Brian Sims

A new report published by the Business Continuity Institute (BCI), in association with BSI, has revealed that IT-related threats are continuing to provide the greatest concern for organisations, ranking above other threats such as natural disasters, security incidents and industrial disputes. The annual BCI Horizon Scan shows that three quarters (77%) of business leaders fear the possibility of an unplanned IT and telecoms outage and 73% worry about the possibility of a cyber-attack or data breach. The report also identifies long-term trends, with 73% seeing the use of the internet for malicious attacks as a major threat that needs to be closely monitored, with 63% feeling the same way about the influence of social media. This year’s top ten threats to business continuity are: 1. Unplanned IT and telecom outages 2. Cyber attack 3. Data breach 4. Adverse weather 5. Interruption to utility supply 6. Fire 7. Security incident 8. Health & Safety incident 9. Act of terrorism 10. New laws or regulations Lyndon Bird FBCI, Technical Director at the BCI, commented:” This survey shows that there are some threats that are more common among most organisations, while others present themselves to varying degrees between different geographic locations or industry sectors. Organisations are different so the horizon scanning process is essential in order to assess these threats and ensure that the right business continuity plan is in place to deal with the impact of them. This piece of research has greater significance this year for the BCI as the theme in what is our 20th year is all about looking to the future and facing the new challenges this future will bring.” Further findings from the report include: ‘

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