More companies have implemented enterprise-wide business continuity and disaster recovery plans over the past five years, but those plans continue to have weaknesses, according to a survey by Deloitte & Touche LLP and CPM Global Assurance.
Fifty percent of the 200 executives surveyed said their firms have implemented business continuity plans, up 20 percent from five years ago.
Yet while many companies claim to have a renewed focus on contingency planning, many still lack senior management support for that planning, the survey showed.
Also, business units are reluctant to spend resources on what is often considered to be an optional program, according to the report. And creating an enterprise-wide program for managing a business continuity plan can overwhelm an already cash-strapped organization while some executives continue to operate as if disaster could never strike.
Survey respondents included corporate/general managers, risk managers, internal auditors, and infosec professionals forom a variety of industries.