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BCI publishes its annual Horizon Scan Report

BCI has released the 2020 version of its Horizon Scan Report. Sponsored by BSI, the report reflects the concerns of business continuity and resilience professionals when looking ahead to anticipated threats.

Interestingly, while COVID-19 is currently front-of-mind for business continuity managers around the world, when the Horizon Scan survey was conducted the threat category ‘Non-occupational disease’ was ranked as second from last in the list of Future Threats. If the survey was conducted currently, this result might be very different!

The report’s executive summary highlights the following findings:

  • Health incidents have replaced IT and telecom outages as the leading cause of disruption for organizations over the past twelve months.
  • ‘Cyber-attack and data breach’ is ranked as the leading cause of concern over the next 12 months.
  • At euro 1.98m per incident, regulatory change costs organizations the most in terms of cost per incident, with the financial services sector the one which is hit most by this category of disruption. Safety incidents are also costly, averaging €1.53m per incident.
  • More organizations report being certified to ISO 22301 than ever before: 20.5 percent of respondents report their organization is certified to ISO 22301: an increase of 6.7 percentage points on 2018.
  • Whilst 85.0 percent of respondents report that ISO certification increased their organization’s resilience, over a quarter (27.5 percent) claim it had also reduced their insurance premiums.

Read the BCI Horizon Scan Report 2020 (login required).

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