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Business Impact Analysis

Business Impact Analysis

Business and Cyber – resiliency is developed through careful analysis, planning, and practices. To achieve business and Cyber-resiliency, data about your business operations and service delivery must be collected, assessed and analyzed.

This is accomplished through a Business Impact Analysis (BIA). A BIA is a systematic process that will determine the potential effects of an interruption to critical business operations as a result of an unexpected influence, event or breakdown.

The Cyturus Business Impact Analysis (BIA) consists of the following key components:

Resource and Process Interdependencies

Understanding relationships between business functions and how they interact

Resource Requirements for Optimal Operation

Examination of requirements needed for the business to run at an optimal level and the minimal levels necessary to function

Impacts of Disruption

Scenario Рbased hypotheticals are utilized to identify and evaluate business disruption potential 

Prioritization of Business Functions

Ranking of business functions by criticality to the enterprise

Estimated Time and Resources for business Recovery

Development of time estimates for recovery of key business processes

Parameters

Creating anchor parameters that will guide BC/DR planning

Recovery Time Objective (RTO)

Establishing the targeted duration of time and service level within which a business process must be restored

Recovery Point Objective (RPO)

Determining the age of files that must be recovered for normal operations to resume

Risk Analysis

Understanding the risks that are unique to the business

Vulnerabilities

Discovering and identifying the potential threat exposures

Impact Minimization

Understanding and defining all risk reduction scenarios 

Recovery Strategies

Outlining the scenarios that drive BC/DR planning

Once the potential impacts to a business are known, recovery strategies may be developed. The strategies then drive Business Continuity (BC) and Disaster Recovery (DR) planning.

BIA Service

Our BIA Service is based on our patented Adaptive Risk Model (ARM) methodology. The Cyturus ARM identifies deficiencies, measures potential business impact, and recommends prioritized remediation actions across the entire enterprise. This service is then automatically ingested into the Cyturus ARM framework for deeper examination and lateral impact as part of the ongoing continuous improvement cycle.

Are your business units confident in their ability to deliver business services through an unexpected disruption? Reach out to Cyturus to discuss how our BIA Service can greatly improve your business and Cyber-resiliency.