Risk Management for Cyber Security Managers - Business Continuity and Disaster Recovery Plans

The video tutorial covers the importance of business continuity and disaster recovery plans in risk management. It explains the differences between BCP and DRP, their development, testing, and key objectives. The tutorial also discusses parameters like RPO and RTO, and highlights standards for creating effective plans.

What is the primary purpose of a Business Continuity Plan (BCP)?

• To restore IT systems after a disaster

• To maintain business functions during disruptions

• To ensure employee safety during a fire

• To improve customer service

Which plan focuses more on restoring IT systems after a disaster?

• Risk Management Plan

• Emergency Response Plan

• Disaster Recovery Plan

• Business Continuity Plan

What is a key step in developing a BCP or DRP?

• Ignoring potential risks

• Gathering information and assessing risks

• Focusing solely on IT systems

• Avoiding employee training

Why is it important to test a BCP or DRP?

• To ensure it is effective and employees are prepared

• To avoid compliance with standards

• To reduce the number of employees

• To increase the complexity of the plan

What is the role of backups in a disaster recovery plan?

• To eliminate the need for a DRP

• To complicate the recovery process

• To provide alternatives to disrupted services

• To increase data loss

What is the Recovery Point Objective (RPO)?

• The maximum budget for recovery

• The minimum time for employee evacuation

• The maximum data loss tolerable

• The maximum time allowed for recovery

What does the Recovery Time Objective (RTO) refer to?

• The time taken to recover business operations

• The time taken to restore data

• The time taken to train employees

• The time taken to conduct a risk assessment

What is a key objective of a Disaster Recovery Plan?

• To expand business operations

• To reduce employee salaries

• To increase marketing efforts

• To ensure the safety of employees

Which of the following is a method for testing a DRP?

• Ignoring the plan

• Skipping checklist reviews

• Avoiding simulations

• Conducting a simple walkthrough

Which standard is NOT associated with BCP or DRP?

• NIST 834

• ISO 22031

• ISO 27031

• ISO 9001