I would like to thank everyone for taking the time out to participate in today’s webcast titled “It wasn’t Raining When Noah Built the Ark!”

As you know, the 2010 BCAW is facilitated by the Business Continuity Institute with the support and critical input from many globally recognized organizations and BC professionals. This week features many valuable BCM resources that are being made available to you free of charge so I urge everyone to take full advantage of these great tools and to pass the word on to your colleagues. Now, without further adieu, we will begin our featured presentation.

Our names are Carrie Bekker – BCCP, Robert Conlon - BCCP and Rudy ShouShany – BCC Management. We would like to speak to you about “It wasn’t Raining When Noah Built the Ark!”

It wasn’t Raining When Noah Built the Ark!

ABOUT US

TODAY’S CO-PRESENTERS:

Carrie F. Bekker, Founder & CEO Robert J. Conlon, Senior Consultant

Bekker Compliance Consulting Partners, LLC (BCCP):

Business Continuity Consultancy and Management (BCC management):

Rudy ShouShany, Senior Consultant

ABOUT BCCP (www.bccp-llc.com)

BCCP is a full-service global consulting firm specializing in regulatory compliance, risk management, governance, business continuity management, and education/training to the financial services industry -- worldwide!  

We provide practical, hands-on consulting  solutions to  banks, brokerage firms, investment advisers, insurance companies, and firms who specialize in Islamic Finance, commodities, derivatives, and alternative investments. We also provide customized education and training services through Bekker Compliance Institute (BCI), our educational and training services division.

BCCP was founded by Carrie Bekker, a legal/compliance veteran with 29 years global regulatory compliance expertise in the financial services industry.

Carrie F. Bekker

Carrie is a global financial services veteran with 29 years legal and regulatory compliance experience, derived from her tenure as a Corporate/Securities Paralegal in law firms, corporate law departments, and trust companies in the United States and internationally. She has also held Senior Compliance Officer positions with several global financial conglomerates, including AEGON/Transamerica, Pacific Life, and AIG Sunamerica.  

Carrie makes is a point to stay abreast of global developments and trends to continue honing her own consulting and training skills, and to ensure that BCCP continues to adapt its business to cater to emerging markets and unmet needs in the financial services industry, with a special emphasis on international best practices coupled with local knowledge and cultural norms.

Carrie travels frequently throughout the US, Middle East and Asia to visit clients, meet with regulators, speak at trade conferences, and catch up with her friends, colleagues, and Global Alliance Partners.

Robert J. Conlon Bob is a Senior Consultant & Instructor at BCCP/BCI. He has 25+ years

expertise in all phases of business continuity, disaster recovery, pandemic planning, recovery testing and project management. His industry experience includes financial, healthcare (hospitals), academia, and manufacturing. In addition, he has extensive knowledge in data center management. 

  Most recently, during his tenure with a major NY financial investment company, he served as Vice President of Business Continuity Management with responsibilities both domestic and international. 

His strong interpersonal management skills along with his business recovery expertise have been instrumental in developing successful recovery strategies that protect staff, business and reduce expenses.

  Bob is a member of the Continuity Planning Exchange (CPE), Disaster Recovery Institute International (DRII) and NorthEast Disaster Recovery Information X-Change (NEDRIX).

About BCC Management (www.bccmanagement.com)

Business Continuity Consultancy and Management (B.C.C management) has been in business since 2006. It specializes in business continuity, disaster recovery planning, and strategic reviews of conceptual plans. Our core competence is defined in terms of its experience in Business Continuity Planning and Management.

B.C.C Management has participated in many International Conferences in many countries including Canada, United Kingdom, and the United States. And also we have been involved in many ‘Business Continuity’ studies and articles and Standards with results published in renowned magazines and international websites.

Rudy ShouShany Rudy is a Senior Consultant at Business Continuity Consultancy and

Management (BCC management). He has 14 years experience. Prior Consulting experience included Information Technology/Disaster Recovery, High availability, planning and designing for Enterprise companies and Banks. He is Business Continuity, Information Technology, and Auditor Certified.

Rudy is an author and international speaker in the Business Continuity field and was featured lately in the CPM East Florida, Business Continuity Journal, Continuity Central Magazine, Arabian Business magazine and University magazines.

Rudy is a Member of Business Continuity Institutes BCI Canada and Business Continuity Middle East.

Articles published by Rudy:

Is Dubai Business Continuity Ready?, BUSINESS CONTINUITY the University Guide, Add War to Business Continuity, IT Survival Kit.

It wasn’t Raining When Noah Built the Ark!

You have invested time and resources into making your business successful. You have built a dedicated customer base, a good reputation for paying suppliers and provide goods and services efficiently and quickly, and are a member in good standing of the local business community.

Now, imagine that all you have worked for was destroyed or damaged.

BE PREPARED LIKE NOAH AND PROTECT YOUR BUSINESS BEFORE A DISASTER HAPPENS!

Business Continuity Management

BCM aims to improve an organization’s resilience. By identifying, in advance, the potential impacts of a wide variety of sudden disruptions to the organization’s ability to succeed it is able to prioritize the efforts of various other specialists aiming to achieve resilience in their areas of expertise such as security, facilities and IT.

The Myths “It won’t happen to us”

“We will cope – we always do”

“We are too big to fail”

“We’ll worry about it later”

When questioned about their lack of preparedness, companies often rationalize there was no reason to be concerned with preparing for a disaster or major business disruption, which may or may not even happen. Some companies believe their insurance companies will pay for everything. Most companies think they don’t have the time to prepare for something that will never happen. But the reality is a huge percentage of companies that are hit with a major business disruption never recover, and many of them go out of business entirely.

•  false assumptions.

Sobering Statistics

"The average company will lose at least 25% of their Daily Revenue in the first six days and over 40% will be lost if the disaster lasts up to 24 days." – Source: University of Texas, Arlington

"Companies with a major disaster, 29% close within 2 years and 43% will NEVER reopen." – Source: DATAPRO Research

"50% of companies having a disaster without a plan are out of business within 2 years." – Source: IBM Recovery Services

"80% of companies having extended disasters are out of business within 5 years." – Source: University of Minnesota

Risk Categories

•  Regulatory Compliance

•  Outsourcing

•  People

•  Technology

•  Knowledge

Key Elements of a BCM Plan •  Business Impact Analysis

•  Business Recovery Strategy

•  Contingency Planning

•  Crisis Management

•  Awareness Training

•  Testing and Maintenance

The Truth

While we are not able to predict when a major disaster will unfold, either manmade or natural, we can still be aware of the likely impacts and issues that we are faced with in the event of a disaster or a business disruption and prepare to mitigate and to continue the operation with minimal disruption.

Procrastination

A potential client once said:

“Procrastination is a problem when it comes to doing my business

recovery plan. As a business owner I have a lot to do. It’s not like a disaster is going to happen tomorrow. Besides, we have that

new business pitch. I’ve been waiting for this to happen for a while now. I’ll get the recovery plan finished eventually. Nothing to worry about, it’ll happen.”

Procrastination

Whether natural or man-made, at least one in four businesses affected by a disaster never reopen. Though emergencies are unpredictable, when you have a plan in place you can adapt, recover and stay in control.

It’s never too late to protect your business until it is!!

BE LIKE NOAH MAKE A PLAN

Procrastination

Benefits of BCM

•  Improved security

•  Protect the firms most precious asset - people

•  Reducing exposure to particular risks by methodical risk identification

•  Protection of stakeholder value

•  Improved understanding of the business is gained through risk analysis

•  Operational resilience follows on from implementing risk reduction

Benefits of BCM – cont. •  Downtime is reduced when alternative processes and workarounds

are identified

•  Compliance issues can be identified and managed for alternative processes

•  Vital records can be maintained and protected

•  The implications for Health & Safety legislation and Duties of care can be considered.

•  Better organizational resilience by designating alternative people (cross training) to support key processes and by defining and

documenting recovery processes

What we can do for you YOU ARE NOT ALONE … WE CAN HELP!!

Our Senior Consultants can help you create a Business Continuity Plan

designed to minimize disruption of your business if a Pandemic strikes your

firm! How? By helping you with: •  Business Impact Analysis

•  Pandemic Planning •  Recovery Strategies

•  Awareness Training

We can also assist your team in navigating through the choppy waters of

the Business Continuity Process and develop an Enterprise-Wide Business Continuity Plan that would include all of the recovery scenarios.

Questions

I have a Question.

THANK YOU FOR JOINING US TODAY!!

YOU ARE NOT ALONE … WE CAN HELP!! Contact Us today for a private consultation with Business

Continuity Experts Bob Conlon of BCCP and Rudy ShouShany of BCCManagement!

cbekker@bccp-llc.com rconlon@bccp-llc.com

rudy@bccmanagement.com

Thank you for your participation and many great questions, I would be happy to continue to answer any other questions that may come to you at a later time, please feel free to contact me by using the contact info that I have shared with you today. Let me again remind you to take the time to attend as many of the week’s webcasts as you can as well as to download the available digital assets that are of interest to you – but don’t worry, if you are unable to attend a specific webcast or the week comes to an end before you have requested a specific case study, you can always view an archived webinar or access the BCAW website later to retrieve your digital asset. Today’s discussion slides, as well as most  of the other presentations will be available for download after March 28, 2010 – so please check back if interested. 

Thanks again, and enjoy the rest of what this terrific week-long event has to offer our discipline.