Why is a Business Impact Analysis Important?
- Identify key business activities and resources: A business intelligence analysis (BIA) in cyber security helps you understand what processes are required to supply your most critical products and services—so you know which actions must be completed regardless of the conditions.
- Examine the financial implications of company interruptions: First, understand how potential bottlenecks can affect the finances of your company so that you can plan ahead of time and designate cash to deal with unwanted interruptions. A BIA in cyber security allows you to assess resource requirements, and support budget requests.
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.