In this lesson, Nick Palazzolo, CPA, breaks down various components critical to ensuring business resiliency, focusing on the essentials of disaster recovery and business continuity planning. He explores the importance of system availability and readiness, outlining practical measures to calculate and maintain system uptime. Nick also delves into the intricacies of business impact analysis, a recurrent topic given its significance in planning for unforeseen disruptions. Additionally, he discusses testing procedures and the relevance of SOC 2 trust services criteria, emphasizing the need for meticulous communication regarding system downtimes to avoid operational hitches. This comprehensive overview provides a firm foothold into managing and safeguarding operational continuity across business environments.
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