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The BCI publishes results of annual Horizon Scan survey

A new report published by the Business Continuity Institute (BCI), in association with BSI, has revealed that ICT-related threats are continuing to provide the greatest concern for organizations.The annual BCI Horizon Scan shows that three quarters (77 percent) of business continuity managers fear the possibility of an unplanned IT and telecoms outage and 73 percent worry about the possibility of a cyber-attack or data breach.

The report also identifies long-term trends, with 73 percent seeing the use of the Internet for malicious attacks as a major threat that needs to be closely monitored, with 63 percent 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.

The Horizon Scan found that only 18 percent of organizations are increasing their level of investment in business continuity programmes while 11 percent are actively reducing theirs. In addition only 22 percent of organizations conducted no trend analysis as part of their business continuity process so are potentially failing to assess emerging threats altogether.

Other findings:

  • Supply chain disruption, last year within the top ten concerns, moved down the list to 16th place.
  • Adverse weather moved up the list of threats with 57 percent of respondents expressing concern or extreme concern. This was before the storms that have swept the UK and those on the eastern seaboard of the United States and Canada.
  • Geography and industry play an important role in determining threat levels with respondents from Japan and New Zealand showing greater levels of concern for earthquakes, while those in the manufacturing industry rate supply chain disruption and product quality control as greater threats.
  • Of the 71 percent of respondents who stated that they did conduct a trend analysis, a fifth of them claimed they had no access to the final output.
  • Less than half of the respondents (44 percent) use the international standard ISO22301 as the framework for their business continuity management programme.

A copy of the report can be downloaded from the BCI website after free registration.

•Date: 5th March 2014 • World •Type: Article • Topic: BC statistics

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