September 4, 2012 - As businesses in the Gulf Coast are finding out again, having a disaster recovery plan is critical to a business’ survival. According to the “Gulf Coast Back to Business Act (2007),” 43 percent of businesses that close after a natural disaster never reopen, and an additional 29 percent permanently close within two years. However, in the wake of the ongoing financial crisis, many disaster recovery plans are now out of date, says Victor Janulaitis, CEO of Janco Associates.
“In the last three to four years, organizations have cut back the amount that they are testing and updating their disaster recovery plans,” Janulaitis says. “That’s something they can’t put off. Organizations have to step up and keep these plans up to date.”
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