One-Third Ignore Disaster Planning
Despite losses from last summer's Northeast blackout, a third of businesses do not have risk management or disaster recovery plans in place and don't plan to make investments to deal with power outages and other catastrophes, a recent study found.
More than 66 percent of the 142 businesses that replied to a survey said they lost a full day or more of business in the blackout, with 25 percent saying they lost two or more days. For 22 percent of the firms, the losses amounted to over $50,000 per hour in downtime costs.
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