Security Spotlight: Business Continuity and Disaster Recovery Plans
September 28, 2023
A System and Organization Controls (SOC) 2 examination attests that your organization is compliant with the criteria laid out by the American Institute of Certified Public Accountants (AICPA). The Common Criteria used in a SOC 2 examination cover a variety of system controls that ensure that your organization is operating with best cybersecurity practices. One way to ensure your organization is operating with best practices is to implement a Business Continuity and Disaster Recovery Plan.
What is a Business Continuity and Disaster Recovery Plan?
A Business Continuity and Disaster Recovery Plan, often abbreviated as BC/DR, is a plan that ensures an organization is prepared for an adverse event that could affect its ability to operate. The goal of BC/DR is to reduce the effects of events that could disrupt your organization’s business operations, along with establishing how the organization can continue operating during and after a disaster. Some examples of disasters that a BC/DR plan should account for are power outages, natural disasters, and cyberattacks. Ensuring your organization has a BC/DR plan in place helps reduce the risk of data loss and service interruptions.
When establishing a BC/DR plan, it is important to complete a risk assessment and business impact analysis, identify critical systems, perform regular data backups, and conduct regular BC/DR tests.
Business Continuity and Disaster Recovery Plans and SOC 2
A SOC 2 report evaluates whether your organization has adequate controls in place to mitigate cybersecurity risks. One way your organization can demonstrate its commitment to cybersecurity is by developing a BC/DR plan. In combination with other controls, a BC/DR plan ensures your organization is operating with best cybersecurity practices. By adequately preparing for security incidents, your organization is one step closer to successfully completing your SOC 2 examination.
Helping You Get There…
No matter where you are on your SOC 2 journey, Boulay is dedicated to helping you get there. To learn more about our SOC 2 reporting services, connect with a member of Boulay’s Risk Advisory Team today.
Boulay provides the information in this article for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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