The Facts About Business Continuity Management

1. RENTSYS CONTINUITY MANAGER
10 Reasons to Have a Business Continuity Management Plan

2. 1
A single disaster event costs businesses
$505,500 on average.
Source: “Understanding the Cost of Data Center Downtime: An Analysis of the Financial Impact on
Infrastructure Vulnerability,” Business-Critical Continuity, 2011

3. 2
Tornadoes cause roughly $400 million
in damages each year.
Source: “U.S. Tornadoes as Deadly, Costly as Hurricanes: Lloyd’s,” Property Casualty 360, February 2013 •
propertycasualty360.com

4. “No matter the amount of control,
organizations have to consider that
things will happen, and leverage
risk management policies and plans to
respond to the worst effects.”
— Sean Ahrens, Aon Global Risk Consulting
Source: “How the Latest Insurance Trends Help in Disaster Planning,” Claire Meyer, Security
Magazine, August 2013 • securitymagazine.com

5. 3
Each year, hail causes $1
billion
in damage.
Source: “Hail Facts,” Insurance Institute for Business & Home Safety • disastersafety.org

6. 4
Landslides cause
$1-2 billion in
damage annually.
Source: USGS • landslides.usgs.gov

7. 5
Economic losses average approximately
$4.4 billion annually for earthquakes.
Source: “Assessment of Damage Risks to Residential Buildings and Cost-Benefit of Mitigation Strategies
Considering Hurricane and Earthquake Hazards,” ASCE Library, 2012

8. “[Having a thorough plan] makes good
business sense. As a business you’re able
to reassure your customers that
you have a plan in place to continue
your business.”
— Amber Beckner, Business Continuity Expert
Source: “Great Falls business owners meet for National Preparedness Month,” KRTV,
September 2013 • krtv.com

9. 6
From 2010 to 2012, hurricanes caused
more than $36
billion in damage in
the United States.
Source: “Hurricane Archive,” wunderground.com • wunderground.com/hurricane

10. 7
Power outages cost businesses
$100 billion a year.
Source: “Modern Grid Benefits,” the National Energy Technology Laboratory for the U.S. Department of
Energy, August 2007 • netl.doe.gov

11. “A disaster recovery plan is like insurance.
You might not feel like it’s giving you much
benefit — until
you need it.”
— The Calgary Herald
Source: “After the Flood: The Importance of an IT Disaster Recovery Plan,” Calgary Herald, June 2013 •
blogs.calgaryherald.com

12. 8
Almost 75 percent of 195 large
companies surveyed recently got hit by an
unexpected major supply chain disruption
in the last 24 months.
Source: “Managing the Risk of Supply Chain Disruption: Survey Summary Report,” APQC, April 2013 •
apqc.org

13. 9
In 2011, there were 98,500
non-residential fires, causing
$2.6 billion in
property damage.
Source: National Fire Protection Association • nfpa.org

14. 10
Every week 140,000 hard drives crash
in the United States.
Source: Mozy Online Backup • mozy.com

15. But how much of a priority
is business continuity
management among
business leaders?

16. “Today, there is a growing recognition that
all your BC planning and efforts
are for
naught if you don't have a strategy in
place for rapid decision-making amongst
executives and decision-makers…”

17. “…the rapid mobilization of response teams
and ongoing communication to
employees and strategic partners
throughout the duration of the event.”
— Stephanie Balaouras, Analyst,
Forrester Research
Source: “The State of Crisis Management & Risk Management in Business,” Disaster Recovery Journal,
Winter 2013

18. 87 percent of 500 IT executives surveyed
said their business had a business
continuity plan, yet only
38 percent
indicated that it was a priority.
Source: “2013 AT&T Business Continuity Study Results U.S. Trend Data,” AT&T, 2013

19. What’s more, only 38 percent knew whether
their organization was fully
compliant
with audit requirements.
Source: “Is Your Organization's Business Continuity Plan Effective?,” Internal Auditor, July 2006 • theiia.org

20. A new standard for business continuity
management is in order.
Click here to find out more about RCM.