Phases of Business Impact Analysis in Cyber Security
- Collect data and information: After starting the business analysis phase, the analyst collects information. This is accomplished using a variety of methods, including a BIA questionnaire form, interviews, and documentation review.
- Define the objective and scope: This step involves defining the goals, primary objectives, and scope of the business impact study. The business’s objectives should be clear. After receiving clearance, firms should assemble skilled personnel to conduct a BIA collaboratively.
- Creating a detailed report: Making a thorough report is an essential step in the business impact analysis process. This report completely specifics the previous phases’ results and provides advice for recovery in the case of a disruptive occurrence.
What is BIA in Cyber Security?
A Business Impact Analysis (BIA) in cyber security is a systematic procedure for determining and assessing the possible consequences of a disruption to vital company activities caused by a disaster, accident, or emergency. One of the main premises behind a BIA is that each component of the organization is dependent on the continuing operation of all others. Some are more critical than others, necessitating a larger deployment of finances and operational resources in the case of a crisis.