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Business Impact Analysis

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| | | | | | | | | | | | | | | | | Name | | | INFO6027 | | Specific Details: | | | | | | | | ID | | Date: | | | EXERCISE 1 | | Make, Model, Serial Number: | | | | | | | | | | | | | | | | | Configuration: | | | | | | | | Business Impact Analysis | | | | | | | | | | | | | | | | | | | | | | | | | | Risk ID | Threat | Asset Affected | Risk Description | Risk Type | Probability (High/Medium/Low) | Risk Impact (High/Medium/Low) | Primary Effect-(Cost of Downtime) | Trigger (Initial Cause) | Avoidance Plan | | DAP to DRP Ratio (% avoided) | Incident Management Required | DR Process | Risk Owner | Status | Ranking | 1 | Power Failure | Computers and other Computer Equipment | Corruption of Data/Corruption of hardware | | Low | Medium | Schedule, Data Corruption | | The risk can be avoided by putting a power backup in place. | | | | | | Past | 11 | 2 | Theft of data/information | Clients Personal Data Required for Immigration | The theft of client sensitive information might lead to a Lawsuit filed by client for loss of data/ Misuse of Clients Data | Risk To Organization | Low | High | High downtime cost as organization will not function without client data | Phishing, Password Cracking | Theft of data/information can be avoided by putting proper encryption / password policy in Place. Also timely backup of data can help data revovery. | | | Recover | Recover Data | organization | Active | 2 | 3 | Building fire or explosion | All assets within a company( Workplace, Computers, Files, furniture) | The fire in an office / building or an explosion may cause loss of all assets | Risk To Organization | Low | High | High downtime and loss of clients information | Gas Leak, Careless smoking etc. | Proper fire alarm system in place to avoid fire. Important Files should be kept in safe locker to avoid catch fire. | | | | Replace Infrastructure | Organization | Past | 4 | 4 | Human error | Clients Visa/ legal procedure | Any typing mistake, error in client’s data due to inadequate attention | Risk to Organization | High | High | May affect clientele and Market Reputation | Any human error dueto poor training or inadequatesupervision | The risk can be avoided by periodic training schedules of employees. | | | Avoid | Replace Staff/Train Existing Staff | Human Resources in an organization | Future | 6 | 5 | Failure to follow or adhere toImmigration practices / policies | Clientele / Service | Processing error/delay in processing due to not following proper immigration policies described by the government. | Risk to client | High | High | May affect clientele / Service provided to the client | Non- Adherence to immigration policies | Avoid by conducting informative sessions for employees periodically about new Policies / update in existing policies. | | | Avoid | Train Existing Staff | Human Resources in an Organization | Past | 7 | | | | | | | | | | | | | | | | | | 6 | Corrupt or dishonest practices | Clientele / Service/ Legal actions against organization | Following any illegal activity/ corrupt or dishonest practice for the sake of client visa, etc. with an government employee | Risk to organization | Medium | High | May affect clientele and Market Reputation / Organizational Shutdown due to legal actions | Non- Adherence to immigration policies, government Law | Avoid by conducting informative sessions for employees periodically about new Policies / update in existing policies and auditing for to check for any dishonest practices | | | Avoid | Train Staff | Human Resources in an Organization | Active | 8 | 7 | Loss of insurance documents | | If we lose insurance documents, if required, we will not be able to claim the amount from the insurance company. | Risk to organization | Low | High | May affect the day-to-day work if crisis/ disaster situation. | Carelessness/Misplacing the documents | This can be avoided by keeping the insurance copies (backup) at some place other than workplace. | | | Avoid | Keeping backup | Human Resources in an organization | Past | 10 | 8 | Loss of marketing policies | Market capture/ acquired till date. | The loss of marketing policies would lead to a huge loss, which if acquired by rival company may use for their benefit and capture the market. | Risk to business | Low | High | This will affect the brand name achieved till date and also the market acquired by using those policies. | Carelessness, Natural Disaster, Hack in computer system | This can be avoided by keeping documents at proper place to protect them from natural disasters and have proper firewalls in place to avoid hack. | | | Avoid | Keep backup. | Human Resources/Natural Calamity | Past | 9 | 9 | Leak of financial data or client contracts | Clientele/ Brand Image | The leakage of financial data / client contracts may lead to unnecessary claims by clients or other stakeholders. | Risk to business | medium | High | This will trigger Loss of client and deterioration in brand image maintained in market till date. | Hack in Computer System | Installing proper firewalls in place and implementing proper access mechanism and policies/ Periodic audits to check for data leakage | | | Avoid | | Hack in computer system. | | 3 | 10 | Key person risk | Clientele/ Delay in service | If Key person is not present at the job who is the only person handling the case of a client, will lead to delay in service/ non-adherence of dates | Risk in Quality of Service Provided | Low | medium | This will deterioration of the quality of service provided. In some cases it may lead to delay in Visa process and directly affecting the client’s stay in the country | Key Person Missing/ Absent / off-work | This can be ensured by keeping periodic knowledge transfer sessions in which an employee will discuss the work he/she is doing with the client. This ensures all the employees are knowing what who is working with which client. | | | Avoid | Periodic meeting/ Knowledge Transfer | Key Person Missing | | 5 | 11 | Loss of GovernmentConfidence / Trust | Law Practice License | The government/ Law administering agencies may revoke license in case of fraud/ misleading service to client. | Risk of business | Medium | High | The license can be revoked / May put a ban for specific period of time. | Malpractice / dishonest practices by any employee | Regular Training to employee to avoid malpractices and Periodic Audits to check for malpractice | | | Avoid | Periodic Training / Auditing | | | 1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

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