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Business continuity requirements are changing, forcing organizations to take a hard look at their round the- clock operations and growing service-level expectations. Add to this equation the emergence of closer regulatory scrutiny and stringent out-of-region data protection requirements, and it becomes clear that the increased sensitivity to loss of information assets is not going to subside any time soon. Is this necessarily a bad thing? After all, the challenge is to understand and reduce risk…and increase business resilience.
This white paper provides some background on risk management and traditional vulnerabilities, and offers an overview regarding pitfalls to avoid. More importantly, it reveals the need for a quantitative risk management approach that will reduce uncertainty. The key is to objectively evaluate alternatives and/or competing solutions while providing the business justification, through cost-benefit analysis, for selecting the optimal answer for each particular environment.
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