Business Continuity Today

With cyber-attacks in the headlines, a new report provides a gloomy reminder of the deep and long-lasting impact when things go wrong in public corporations. On average, companies struck by a crisis suffered a drop in share price by 19%, and share value took 147 days to recover. Moreover, crises involving environmental damage resulted in almost twice as severe an impact on the average share price.
The cost of crises increasingly features in the headlines. When Facebook, WhatsApp, and Instagram had a six-hour global outage late last year, Facebook shares fell by 5%, costing founder Mark Zuckerberg an estimated $6 billion in personal wealth. Software maker Adobe was the victim of a cyberattack that compromised about 38 million active users. The company had initially declared that 2.9 million accounts had been affected and paid millions of dollars in fines.

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Today, in addition to natural disasters such as hurricanes, fires, floods, and pandemics and man-made issues such as wars, organizations face other challenges to their operations. For example, a modern business must contend with widespread economic and political instability, organized cybercrime, and eco-terrorist attacks. Likewise, their vulnerabilities have changed. For example, disruptive technologies such as AI, the Internet of Things, and hyper-extended supply chains have created operational complexity where vulnerabilities are hard to detect and even harder to protect.

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It is that time of year that we need to think about Severe Weather & Natural Disasters Regardless of the time of year or where you are in the world, severe weather should be on any business owner’s radar. Tornadoes, hurricanes, blizzards, dust storms, floods, hail storms, ice storms, and more can threaten your business and cause horrendous catastrophes. Although you have no control over the weather, you can take precautions to minimize the extent of severe weather damage. By educating yourself and preparing for the types of weather that are likely to happen in your area, you can ensure severe weather does not severely impact your business.

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We are back in the swing with the flu and cold season. The ads on TV will show tough moms sending their children to school and taking cold meds to carry on their day. And We still have COVID to think about. What are your plans for your organization? If COVID has taught us anything, we must be strict with our employees to stay home when they are sick. And we can still have a robust remote workforce.

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Todd is in Georgia this week at the International Association of Emergency Managers’ 70th Anniversary Conference. When he landed in Georgia, Hurricane Nicole hit the coast of Florida, and the tail hit Savanna. Hurricane Nicole brought heavy rains and left a trail of destroyed and teetering beachside homes, damaged hotels and condos along Florida's Atlantic coast, and killed at least four people.

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To be a leader, you must commit to innovation and thought leadership. As emergency management leaders progress and lead throughout their careers, they often learn about leadership in professional development courses and on-the-job experiences. Emergency Managers learn about management based on their requirements to oversee the completion of essential workplace projects. However, we do not send emergency managers to training on how to be better followers.

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In the 1940s, air raid warnings and plane spotting activities were part of the duties of the Office of Civil Defense. In the 1950s, with the threat of Soviet nuclear bombs, the Civil Defense created the Duck and Cover films and encouraged backyard shelters. But did you know that the government had a secret COG plan? The interesting history of Continuity of Government and the lessons we use in Business Continuity.

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The business continuity, disaster recovery, and resilience professions have matured and faced a challenging future. Resilience has taken various forms, and an evolving set of potentially disruptive events face business continuity managers.
Numerous domestic and international standards, regulations, laws, and guidance available to business continuity managers govern all professional aspects. Training and certification programs help new professionals fine-tune their skills, and many software products provide assistance.
Professional accreditations, certificates, and college degrees are available for business continuity professionals. Current events, such as the global COVID-19 pandemic, natural disasters, ransomware rise, and BCDR technology evolutions, have changed how managers approach business continuity.
For those already in a business continuity manager role or looking into one, the following skills are essential.

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When storms like Hurricane Ian strike, many people have to cope afterward with losing water service. Power outages mean pumps can’t process and treat drinking water or sewage, and heavy stormwater flows can damage water mains.
In Jackson, Mississippi, rising river water overwhelmed pumps at the main water treatment plant on Aug. 29, 2022, following record-setting rain. For a week, more than 180,000 residents were forced to find bottled water for drinking and cooking. Even after water pressure returned, many Jackson residents continued to boil their water, questioning whether it was safe to drink.
Jackson had already been under a boil-water notice for more than a month before the crisis, which arrived like a slow-motion bullet to the city’s long-decaying infrastructure.

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When you sharpen your mental saw, it is the best way to rejuvenate your dulled-down mind is not to turn it off but to give it something different to think about than what it usually grinds through at work. Not only will this fresh mental fare stimulate unused parts of your brain, but it can also give you insights and ideas that can loop back into your professional success.

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