Business Continuity Management: Pandemic Preparedness Plan

A collection of tools and resources to prepare, manage and respond to coronavirus risks for all departments and industries.

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Procipient® Pandemic Workforce Monitor

For a limited time, we are offering Procipient® Pandemic Workforce Monitor (PWM) as a free software solution to support business in this time of need. 

Procipient® PWM is a web-based software that enables your management team to monitor the wellness and productivity of your entire workforce. During a pandemic, or while working from home, a variety of factors can impact employee’s productivity. Procipient® PWM quickly assesses all these factors and helps you make informed, strategic business decisions based on accurate, up-to-date information.

WEBINAR

Popping the Cork on Your Return to Work Strategy

Listen to our recorded webinar to learn about the factors that will play a critical role in reopening and gain insight into your strategy from various perspectives. Sign up now for a recorded discussion with VendorInsight’s Jay Fitzhugh, EVP & Chief Regulatory Officer, and Normshield’s Bob Marley, Chief Security Officer.

VendorInsight® & Procipient® Blogs:

April 9, 2020

The Risks of Vendor Remote Access During the COVID-19 Crisis

COVID-19, the new coronavirus, has changed the working environment. Many of your employees and the employees of your third-party vendors are likely working from home – with remote access to enterprise networks.

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April 6, 2020

Tips for Reviewing Your Vendor's Pandemic Plan

Most likely, your organization already has a pandemic plan in place. But what about your vendors? Comprehensive pandemic risk management encompasses critical independence, meaning a failure at one of your vendors is a failure at your organization as well. 

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April 15, 2020

Working Remotely During the Coronavirus Crisis? Flatten the Cybersecurity Curve with ERM

COVID-19 has created a paradigm shift in risk management. Businesses have transitioned to working from home in order to help flatten the curve of the pandemic — stressing their IT resources.

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May 05, 2020

How to Prepare for the Next Pandemic? Document Everything

Was your business prepared for the Coronavirus (COVID-19) outbreak? According to a survey reported in Forbes from March 2020, close to 70% of companies said they had a business continuity or pandemic preparedness plan in place.

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May 06, 2020

Handling Critical Vendor Failures During a Pandemic

The economic effects of the Coronavirus (COVID-19) pandemic crisis are far-reaching and catastrophic. Most likely, you have already implemented your business continuity plan and disaster recovery (BCP/DR) which should incorporate your pandemic planning.

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December 31, 2018

Including Cybersecurity Assessments in Your Risk Management

A risk assessment empowers you to identify, analyze and evaluate your company’s risk. Proper cybersecurity assessments ensures that your implementation team is focused on the controls that are most appropriate for your specific organization.

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March 12, 2020

Coronavirus: Vendor Geographic Concentration Risk and BCP/DR Practices

The Coronavirus  sheds light on an unexpected vendor risk — geographic concentration risk. Vendor concentration risk is an organization’s overreliance on a single vendor or geographic region.

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June 3, 2019

Red Flags Within Your Vendor's Business Continuity Plan

To protect your organization and stay proactive, you need to understand a vendor’s Business Continuity Planning (BCP) and Disaster Recovery (DR), their processes of creating systems of prevention and recovery to deal with potential threats.

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October 28, 2019

A Risk-Based Approach to Cybersecurity Monitoring

A software is the best solution to  identify, monitor, mitigate and report on the possibilities or likelihood of cyberattacks, while also increasing your awareness of the risks associated with them. Monitor your own cyber risks and the cyber posture of your high-risk technology vendors also.

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More Resources:

The Building Blocks of a Risk Assessment
Learn how to deliver critical insights to your organization. Arm yourself with an assessment that can inform and educate your business’ leaders.
Download Whitepaper
SOC 1, 2 or 3: What’s Best for You?
When considering which SOC reports from your third and fourth-party vendors fit your organization’s needs, you must first understand the reports. Consider the areas your vendor is managing and the impact it has on your financial reporting and data security.
Download Whitepaper
Concentration Risk Infographic
Update yourself on the latest examination procedures and implications. Learn how to apply the concentration risk exam evaluation process to your program.
Download Infographic
Concentration Risk eBook
Concentration risk is not a new concept—for years now, lending organizations have been cognizant of the risk of concentrating their lending on a single borrower or a single industry.
Get Free eBook
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Stop Wasting Time & Resources..

Our Solutions Can Help!

Preparing for a pandemic is a continuous process of planning, exercising, monitoring and revising business continuity and pandemic preparedness and response plans. A configurable and scalable solution will allow you to quickly react to an unexpected pandemic by strengthening existing systems rather than developing new ones.

Vendor Risk Management

Third Party Pandemic Preparedness

 
When it comes to vendor management, you need to ensure your third and fourth parties are prepared. Advise vendors on the best practices in BCP and pandemic planning and implement a system to regularly monitor and evaluate the effectiveness and quality of plans.

Our vendor business continuity planning and disaster recovery (BCP/DR) report is based upon the vendor’s response and the supporting documents it provides in response to the VendorInsight® Resiliency and Recovery Questionnaire (VRRQ).

In addition to a narrative, quantitative scores are presented for each major component of the vendor’s resiliency and recovery posture, including:

  • Plan Overview & Testing Practices
  • Alternative Facilities/Backup
  • Communication
  • Other

An overall composite BCP/DR score, an interpretive opinion and recommendations for consideration are provided.

VendorInsight® Features:

Geographic Concentration Risk Map

Our unique Geographic Concentration Risk Feature allows you to identify and gather critical location data and documentation for third and fourth party vendors. With custom and pre-built reporting that vital data can then be appended to your existing vendor management tracking efforts.

Cybersecurity Scorecard

A quality Pandemic Preparedness and Response Plan includes increased cybersecurity efforts. Measures like social distancing  require additional IT equipment and security measures.  Our Cybersecurity ScorecardPowered by NormShield® – analyzes  your cyber risks as well as your entire vendor ecosystem. 

Enterprise Risk Management

Pandemic Business Continuity Plan

Pandemic Preparedness and Response plans require you to strengthen and maintain capabilities to detect, assess, notify and report events.

Assess Vulnerabilities across your processes, the Probability of a Disruption, and Plan Effectiveness. Procipient® BCP empowers you to evaluate and rank process vulnerability, track recovery point (RPO) and response time objectives (RTO), and manage plans, identifying gaps and ensuring they remain current.

Procipient® BCP is a cost-effective, highly flexible solution that delivers the value and performance you need to manage your business continuity planning consistently with regulatory compliance, improved risk management, and better cost performance.

Procipient® Features:

Enterprise Risk Assessments

A successful Pandemic Plan must include a Risk Assessments. Evaluate, manage and report risk across your entire enterprise with our custom and pre-built assessment templates. Gain insight into your organization by grouping locations, measuring probability disruption and the level of impact from a pandemic.

Business Impact Analysis

An integral part of Pandemic Planning requires a Business Impact Analysis (BIA) Report. This report reveals and analyzes any potential vulnerabilities and gaps in your organization. By examining metrics like recovery time objects (RTOs) and recovery point objects (RPOs) we can better prepare for mitigation and response. 

The potential impact of a pandemic on the delivery of a financial institution’s critical financial services should be incorporated into the ongoing business impact analysis and risk assessment processes.

Regulatory & Planning Resources:

Bookmark this page as it will be continuously updated with the most critical news and regulations. Ensure your Pandemic Plan is successful by using our resources to determine and review:

  • Pandemic Severity
  • Regulatory Announcements & Updates
  • Actions that may impact your organization’s operations.
  • Worker safety

John Hopkins University 

U.S. Department of Agriculture (USDA)

U.S. Food and Drug Administration

Schedule a demo today.

Webinars are held weekly and scheduled to accommodate your needs. Give us a date and time and a VendorInsight® representative will contact you to confirm your request.