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The Business Continuity Framework is a structured plan that ensures the continuity of operations during a disruption or disaster. It focuses on maintaining essential functions during, and after a crisis. It includes risk assessment, business impact analysis, and recovery strategies.
On the other hand, other risk management frameworks like the COSO ERM, ISO 31000, or the NIST SP 800-37, focus on identifying, assessing, and managing risks that could potentially affect an organization's operations and objectives. They provide a more comprehensive approach to managing all types of risks, not just those that could cause a disruption or disaster.
In comparison, the Business Continuity Framework is more specific in its focus on maintaining operations during a crisis, while other risk management frameworks have a broader focus on managing all types of risks.
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Ensure that your business continues to thrive under unfavorable conditions with our Business Continuity deck. This presentation includes practical fra...
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The Atlanta ransomware attack is a bitter lesson in inadequate business continuity planning, Invenio IT states, as it uncovered the fact that the city's IT was completely unprepared for the disaster. According to "StateScoop," two months prior to the attack, an audit found 1,500 to 2,000 vulnerabilities in the city's IT systems, which were compounded by "obsolete software and an IT culture driven by 'ad hoc or undocumented' processes."
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