A business can perform a better impact assessment by first identifying potential threats and risks. This could include data loss, cyberattacks, malware and viruses, network and internet disruptions, and others. Once these threats are identified, the business should conduct a business impact analysis to understand the potential effects of these threats. This analysis should include identifying essential functions, vital records, and resources. The business should also have a risk assessment and management plan in place. Finally, the business continuity plan should be embedded in the organization's culture to ensure its effectiveness.
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