TeckPath business impact analysis (TIA)

Risk Management

Risk management plays a critical role in ensuring how organization of any size prepares and protects their assets. The process of risk management also assists organizations in identifying and understanding the risks to which it is exposed. Risk management helps us assess and provide guarantees that the organization creates and implements an effective plan to prevent losses or reduce the impact if a loss occurs. TeckPath Risk Management Process:

Server Virtualization

  • Monthly Network Reporting
  • Proactive Maintenance
  • Ensure backups are running
  • Verify virus protection update
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Take a look at these statistics:

  • Companies experience an average of 501 hours of network downtime every year, and the overall downtime costs an average of 3.6% of annual revenue. (Source: The Costs of Enterprise Downtime, Infonetics Research)
  • 93% of companies that lost their data center for 10 days or more due to a disaster filed for bankruptcy within one year of the disaster, and 50% filed for bankruptcy immediately. (Source: National Archives & Records Administration in Washington.)
  • 20% of small to medium businesses will suffer a major disaster causing loss of critical data every 5 years. (Source: Richmond House Group)
  • This year, 40% of small to medium businesses that manage their own network and use the Internet for more than e-mail will have their network accessed by a hacker, and more than 50% won't even know they were attacked. (Source: Gartner Group)
  • Of those companies participating in the Contingency Planning & Management Cost of Downtime Survey: 46% said each hour of downtime would cost their companies up to $50,000, 28% said each hour would cost between $51,000 and $250,000, 18% said each hour would cost between $251,000 and $1 million, and 8% said it would cost their companies more than $1million per hour. (Source: Cost of Downtime Survey Results, 2001.)

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