Disaster Statistics & Potential Implications (Extracts from The London Chamber of Commerce and Industry)
• 90% of business that lose data from a disaster are forced to shut within 2 years of the disaster.
• 80% of business without a well structured recovery plan are forced to shut within 12 months of a flood or fire.
• 43% of companies experiencing disasters never recover.
• 50% of companies experiencing a computer outage will be forced to shut within five years.
• Companies experiencing a computer outage lasting longer than 10 days will never recover its full financial capacity.
• Less than 50% of all organisations in the UK have a business continuity plan.
• 43% of companies who have a business continuity plan do not test it annually to ensure that it works.
• One out of 500 data centres experience a severe disaster every year.
• 80% of companies have not developed crisis management to provide IT coverage to support business continuity to keep the business functioning effectively.
• 25% of financial institutions have no business continuity plan.
• 19% of financial institutions who have business continuity plans have not tested them in the last five years.
• 40 % of companies that have crisis management plans do not have a team dedicated to disaster recovery.
• 58% of UK organisations were disrupted by September 11th with one in eight severely affected.
To fully understand the importance of implementing a comprehensive disaster recovery plan we would suggest you read the following articles from the Department of Trade and Industry and the London Chamber of Commerce and Industry: