With more than $80 billion of loan collateral in its systems, DataScan is an industry leader in providing solutions for wholesale asset financing and inventory risk management. The company’s InfoSec leadership understood that they needed to take a whole new approach to incident response and to advance its security maturity. Having multiple tools for managing incidents and conducting business was translating into inefficiencies, prolonged resolutions, and stress.

If there is one thing organizations can take away from the past few years, it's that they are far more vulnerable than they could realize before. From pandemics to critical supply shortages to widespread data breaches and natural disasters, businesses that don’t have plans in place to handle and respond to emergencies are at tremendous risk. As leaders plan for inevitable crises and disruption, interest in business resilience and continuity grows.

Before you can choose the proper tools for your organization, you have to understand its essential business processes. Once you know an essential business process, you can review software applications that will help make your organization more efficient and accurate. Unfortunately, many organizations do not understand their essential business processes. This makes it nearly impossible for them to streamline their organizations, which puts them at a disadvantage in the marketplace.

In Information Technology terms, a disaster is any kind of event that disrupts the network, puts data at risk, or causes normal operations to slow down or stop. A disaster recovery plan (DRP) is created to address the risks and possibilities of these types of events and minimize the damage they cause. Common disasters that are included in a DRP include.

Business continuity is a crucial part of any scalable operations plan, but many businesses fail to realize how important it is until their first critical emergency. Only then does business continuity management come to the forefront of planning exercises, and stakeholders are forced to reflect on what went wrong, why it went wrong, and determine if they can avoid it happening again, or be better prepared if it does. The true business continuity management lifecycle begins long before an incident.