Please can you paraphrase this Answer: Introduction The purpose of… Please can you paraphrase thisAnswer:IntroductionThe purpose of this p

Please can you paraphrase this Answer: Introduction The purpose of… Please can you paraphrase thisAnswer:IntroductionThe purpose of this paper is to inform the Sifers-Grayson IT personnel about the importance of being prepared and ready to respond to serious business disruptions that may arise from the possibilities of natural disasters and cyber-attacks. In using the COVID-19 pandemic as an example, it is vital to understand that anything can happen at any time. Thus, all business, including Sifers-Grayson, should have the readiness procedures and capabilities in place to be able to “pivot operations quickly, efficiently and safely as and when needed (McMenemy, 2020).”Staying abreast on how these possible disruptions can debilitate the operations of Sifers-Grayson, can help to emphasize the importance of having both disaster recovery procedures (DRP) and a business continuity plan (BCP) in place. In the absence of a DRP and BCP, Sifers-Grayson’s awareness or lack thereof, to the many possible business disruptions would severely hinder the business’s ability to continue operations and recover from such disruptions. Furthermore, the focus of this paper will cover the need to set up formal disaster recovery procedures (DRP) and a BCP from the business standpoint of Sifers-Grayson.Consequences of not having a DRP and BCPMore times than not, if a business’s operations are disrupted, it will more than likely cost that business extra money or lost revenue, thus, resulting in reduced profits (Ready.gov, 2020). Sifers-Grayson may suffer further financial losses with a lack of a DRP and BCP. These additional financial losses due to business interruptions can come in the form of a fire or explosion, a storm, or water damage, which could cost the company anywhere from a few thousand dollars to a few million dollars (Agility Recovery, 2019).In many cases, insurance will not cover these losses and Sifers-Grayson may also be unable to make up for the possibility of the loss of customers or clients who may choose to leave to other business competitors. Not having a DRP and a BCP in place when any business disruption arises, could also stain Sifers-Grayson’s business reputation for many years to come. Some customers may be willing to accept the fact that a business interruption occurred due to an accident or incident (Agility Recovery, 2019). However, those same customers will also be expecting Sifers-Grayson to deliver a swift and measured response to all disruptions. In reviewing the consequences of not having BCP in place, it is apparent that we also discuss the need for a DRP and BCP.The need for a DRP and BCPAny unexpected business interruption can catch Sifers-Grayson by surprise at any time. Whether the business interruption is caused by a natural disaster, deliberate attack, or an accident the impact on the business can be detrimental, more so if the company failed to plan for these events (McMenemy, 2020). A lack of planning and not having a DRP and BCP in place increases the likelihood that the consequences and losses will be much more damaging to the business.In the event of an unexpected business interruption, having a DRP and BCP plan in place helps to provide a multi facet approach in minimizing the impact that the interruption may have on business operations. On one hand, the DRP will focus on restoring the business back to normal operations. On the other hand, the BCP will focus on keeping the business operations up and running (Gregory, 2010).For example, if a tornado were to cause damage to Sifers-Grayson’s R and D center in Kentucky. The DRP would be focused on restoring the damage caused by the tornado, with the goal of restoring the R and D center back to its normal business operations. Simultaneously, the BCP would be focused on keeping the business running. Dependent on the prescribed BCP, this could either be executed by way of a contingent site or through the utilization of other company assets and processes (Gregory, 2010). After an unexpected business interruption, these recovery strategies provide the business with alternate means to restore the business operations to a minimum acceptable level which are usually defined by the business’s recovery time objectives (RTO) (Ready.gov, 2020).It is also vital that Sifers-Grayson have a DRP and BCP in place in the event of a cyber-security attack. Many cyber-security attacks use some sort of malicious software to disrupt business operations. A popular cyber-security attack uses ransomware, that may yield an organization’s data as unusable until a fee or ransom is paid to the attacker or attackers (Institute of Forensics and ICT Security, 2019). In this instance, restoring the business’s data from stored backups or paying the ransom may be the two viable options in recovering the affected data in order to restore normal business operations. Therefore, a DRP and BCP must consider the ever-changing environment of cyber-security attacks. Reviewing and updating the business’s DRP and BCP to reflect the current IT environment, based off AARs and business disruptions, will assist in assuring continuous business operations and future readiness. Computer Science Engineering & Technology Information Security CMIT 310 Share QuestionEmailCopy link