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Just as with the Y2K crisis of seven years ago, IT workers are being called upon to don superhero suits and save the enterprise from impending technology trouble. But this time, IT will be sifting through the complexities of the federal Sarbanes-Oxley Act of 2002

Public Companies over 75 million already need to comply by 12/15/2007...

Will your SMB be Ready?


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October 23rd, 2007

Continuity Corner #11

Common Risks or Threats to an Organization

Identifying threats to an organization is a critical step in the creation of a Business Continuity Plan. There are two types of threats that need to be evaluated, man made and natural threats. Here is a list of a few of the hundred’s of threats an organization may need to identify. A few of the things to consider when determining the risks/threats to your organization are location, physical security,  and internet and system security measures, which are currently in place.

Man Made

Natural

Strikes

Hurricane

Vandalism

Mudslides

Theft

Fire

Arson

Pandemics

Computer Viruses

Flood

Power Failure/Utility Failure

Earthquake

Terrorist Attack

Tornado

The following sources can assist you in identifying threats:

  • Us Geological Survey (www.usgs.gov)
  • National Weather Service
  • Army Corp. of Engineers
  • OSHA
  • Utilities Companies
  • Internal Survey

Whether it is an internal threat, or a man made threat, the business continuity plan needs to identify the threat and the impact it will have on your organization. A great way to determine the impact is to look first at your own companies history of events, and events that have recently occurred in your geographic area .  

What is the biggest threat/risk to your organization?

Lisa DuBrock is a Partner and IT Compliance Practice Manager for The Radian Group, LLC.  You can contact her via email.

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