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Volume 32, Issue 3

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Wednesday, 21 November 2007 00:03

Think Gambling Only Happens in Casinos?

Written by  Belinda Wilson, CBCP

e-businesses Without Business Continuity Processes Take High Risk Chances Daily At no other time in history has there been such a reliance on information systems than with the evolution of e-business and on-line transaction processing during the end of the 20th and beginning of the 21st century. At such a crucial juncture, business continuity planning and process implementation should be a top priority. However, most organizations are playing the high stakes game of placing a low priority on contingency programs. It is shocking to know that various business continuity industry estimates indicate that only 7-10% of companies that use the Internet for business transactions have a current and tested disaster recovery system in place. What is even more surprising is that industrywide, 72 percent of companies are inadequately prepared for disaster recovery, with smaller companies less prepared for computer disasters than larger companies. Additionally, only 40 percent of companies receive adequate funding