Flirting with disaster.

Australasian Business Intelligence, October, 2003

Oct 13, 2003 (The Age - ABIX via COMTEX)

According to International Data Corporation 83 per cent of Australian companies with over 100 employees state they have disaster plans. That applies particularly to those with a heavy IT commitment, and usually includes some form of data back-up. However, few companies have contingency plans for other critical business functions, such as customer service, human resources, and financial systems operations. Ernest Jordan, a professor at the Macquarie University School of Management, says there is corporate confidence in the ability to manage in times of crisis that cannot be justified. Most systems are untested. The public sector is also vulnerable, and the Australian Prudential Regulation Authority is developing new...

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