Risk Mitigation Strategies in Information Systems Continuity Plan for Industrial Development Zone (IDZ)

Abstract:

Information systems and new technologies have come to be an integral part of conducting business in today’s world. Almost all organisational sectors have adopted the use of IT systems and application to  conduct business and to stay competitive in the industry they operate. However this IT usage exposes them to threats and vulnerabilities if not well managed which later leads to a disaster. IT/business continuity plan is a strategy that help organisation to deal with a wide range of unexpected events. It covers a long term plan and strategy that act as a safe wing for a long term survival. Subsequently some organisation are comfortable about their IT continuity plan, simply because they believe that they are safe since they have never experience a disaster before or sometimes they believe on their insurance that it would cover them should they encounter a disaster. However they forget the implication of not taking IT and business continuity plan in to consideration will result not only financial losses but extended to the implication of bad reputation on company brand, clients and other stakeholders. The paper will be undertaken in Industrial Development Zone (IDZ) context.

nsdlogo2016