A majority of executives surveyed in the Greater Toronto Area have adopted an "expect the unexpected" approach to b...
May 24, 2007
A majority of executives surveyed in the Greater Toronto Area have adopted an “expect the unexpected” approach to business continuity and disaster recovery.
According to a survey conducted by AT&T Inc. of 100 business executives in the Toronto region dealing with business continuity and disaster recovery planning, 66% said business continuity is a priority with 30% indicating that it has moved up on the priority list due to recent natural disasters or terrorist threats.
Additionally, the majority of respondents are well prepared for such events as 77% indicated they already had a plan in place, 54% of which have been updated in the past 12 months.
However, more work is needed on this front. Despite the fact that 31% of respondents have suffered a natural or man-made disaster, a surprising 34% do not consider business continuity to be a priority.
Further, although more than half of executives surveyed represent companies with international operations, only 9% of all surveyed executives are implementing business continuity solutions globally.
When asked about the most concerning issues around business continuity, security was at the top of their list.
Respondents revealed that worrying about security breaches (27%) and viruses/ worms (24%) were most likely to keep them up at night.
In fact, 71% believe that viruses and worms are the most significant security threats, followed by hackers (43%).
“The good news is that most IT executives are taking a proactive stance for business continuity — they’ve taken action to maintain ‘business as usual’ in the event of the next earthquake, blackout or cyber security attack,” said Steven Taylor, vice president of sales at AT&T Global Services Canada.
“Unfortunately, many companies are still in the dark about the importance of implementing business continuity solutions before disaster strikes, putting the future of their business at great risk.
“From floods and fires to strikes and security breaches, disasters are a reality and every company needs to ensure that it is equipped to handle anything that comes its way.”