Laurence Guihard-Joly is back with information showing that disaster recovery can save companies money from a study conducted by the Ponemon Institute. Compliance leaders are always on the hunt for metrics to support the business case for compliance. The study we discuss on the podcast, the 2016 Cost of Data Breach Study: The Impact of Business Continuity Management (BCM) from the Ponemon Institute. The study shows how having a BCM program reduces the cost of data breaches and increases the speed of detection and repair of data breach incidents.
We also discuss what the Ponemon study means in practical terms. The increasing costs of data breaches and downtime as business becomes more reliance on 24/7 availability of data and Internet-connected products or systems.
Business Continuity Management provides the skills, practical knowledge and relationships needed for handling a crisis well. We discuss the benefits the resilience of the corporate culture from a BCM using the example of the recent flooding in Paris.
Laurence Guihard-Joly is the General Manager of the IBM Resiliency services, leading resiliency teams across the world who provide services and solutions to help IBM clients manage their risks in an increasingly “always on” world. Within the IBM Enterprise Risk Management, Laurence also leads the IBM Business Continuity Management program, with a dedicated team and a leadership BCM community across all IBM business units and corporate functions and processes.
Previous Masters of Disaster podcast interview with Lawrence Guihard-Joly http://mastersofdisasterpodcast.com/resiliency-critical-to-business-in-the-internet-of-things-world-laurence-guihard-joly-general-manager-ibm-resiliency-services#lZPHoJqDGOJjM6Ez.99
The Ponemon Institute’s 2016 Cost of a Data Breach Study: Impact of Business Continuity Management (BCM) has produced significant findings on the worldwide challenges businesses are currently facing when it comes to identifying and confronting data breaches within their IT infrastructures. http://www-935.ibm.com/services/us/en/it-services/business-continuity/impact-of-business-continuity-management/index.html Masters of Disaster: http://www.ibm.com/smarterplanet/us/en/centerforappliedinsights/article/business-continuity-report.html