Virtual losses
In a working environment that is increasingly dependent on technology, IT-related incidents are particularly problematic. Richard Green and Henry Williams say the benefits offered by a crisis management plan are something companies can ill afford to ignore.
Companies are beginning to realise that planning for businessinterruption is essential. Accountancy Age estimates that one in five
companies will suffer a crisis within the next five years and without a
crisis management plan 90% of those companies will not survive beyond 12
months.
The events of 11 September, the Bishopsgate bombings and the ongoing
situation with Iraq all serve to remind of the dangers of terrorist
activity but it is not just terrorism that must be considered. Fire and
flood are
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