Risk Assessment and Business Impact Analysis

Posted By Go2ITGroup
June 16, 2020 Category: Risk Assessment, Disaster Recovery, Assets, Threats, Vulnerabilities

There is considerable uncertainty in today’s world including online hackers and ransomware to the COVID19 pandemic that is still ongoing.  Unfortunately, many SMBs do not realize that it is only a matter of time before their IT infrastructure and data might fail or fall victim to malicious human interference.  When that happens, SMBs not only lose revenue, they can also lose customer confidence as their reputation suffers.  Additionally, there can be legal ramifications is customer data is stolen. All SMBs needs to have a disaster recovery plan in place prior to experiencing any of these issues.  The Go2IT Group can help create a disaster recovery plan for your business using the methods described below. Risk Assessment and Business Impact Analysis What critical IT assets does your business own whose exposure to loss would be a detriment to business operations? What are the business processes that utilize these assets? What possible threats could affect the ability of those business functions to operate? Step 1:  Identify Assets – Inventory of Hardware and Software The Go2IT Group can help with identifying assets including servers, network infrastructure, sensitive documents, client information, phone systems, printers, etc.  It is important to keep the asset list update to date with any new assets being added.   Assets can be prioritized by importance level such as critical, major and minor. Step 2:  Ide