The 5 Most Common Business Continuity Threats I See The Most

The disasters that figure in the headlines change from day to day because the media love novelty. The events that cause business the most problems year after year tend to be the same because that is how the world actually works. 

In today’s post, I’ll give you a rundown of the five threats that impact organizations. They’re the ones that I see a lot, as CEO of MHA Consulting and BCMMetrics.

The 5 Biggest Threats to Business Continuity

While the news cycles along with supply chain issues, natural disasters, and economic uncertainties, the actual threats that cause the most problems for business continue along on their own track.

Some of these overlap with the headline news, some never make the news at all.

From the point of view of watercooler talk, some might not be very interesting.

From the point of view of business continuity, they all present serious risks and routinely cause grave impacts.

Here’s the list of common business continuity threats:

Cyberattack

This is a case where the news of the day and reality line up. Cyberattacks are possibly the leading threat to business today. 

The most common types are ransomware attacks and data breaches.
In a ransomware attack, hackers gain access to an organization’s computer network, encrypt the data, and demand a ransom to provide the decryption key. In a data breach, cybercriminals steal customers’ confidential data and information and sell or exploit it. 

In 2024, the Change Healthcare group suffered a massive data breach, prolonged disruptions and substantial recovery costs. The group paid the ransomware attackers $22million to restore operations and the fallout was still felt for months afterwards.

The Port of Seattle, which oversees the Seattle-Tancoma international airport, also experienced a ransomware attack in August 2024. Flight information, check-in, bag checking, and phones all went down. As they refused to pay the ransom, some services were still down two weeks later. 

Learn more about what BC professionals can do to protect their business from a cyberattack.

Human Error

We lavish attention on technology, but it’s often human error that causes the biggest problems. 

This often happens because staff aren’t trained sufficiently. Whenever somebody downloads an unauthorized application infected with malware or provides their password in response to a phishing email, the problem is a cyberattack, but the underlying cause is human error. 

Let’s face it: even well-trained people can make costly mistakes. If people are tired or having difficulties in their private life, the chance of them messing up can soar. 

Minimizing human error takes smart, sensitive management and a solid commitment to ongoing training. It’s completely unglamorous and totally essential. 

Worker Unavailability

What happens when there aren’t enough people on hand to do the work? Nothing happens. 

Which is exactly the problem. 

You could say we dodged a bullet during the COVID-19 pandemic in that there were few reported cases where companies couldn’t function because too many employees were out sick with the virus. But such shortages happened as businesses reopened and couldn’t find people to fill vacant positions in key service and operational roles. 

This gap exposes the business to greater risks due to lack of resources and overworked employees. There is a higher potential for critical errors that could disrupt the business.

Single Point of Failure (SPOF)

The SPOF can be technological or human. It’s any critical aspect of the company’s operations for which there is no redundancy. 

The critical component could be a router, a server, a piece of lab equipment, or an individual who is the only person at the organization who knows how to perform a critical process. Wise businesses identify their single point of failure and create redundancies for them, so that their business doesn’t come under threat.

Internal Business Risks

Some businesses perform functions that are associated with inherently high risk. 

Taking care of sick people is risky. So is refining oil, running a utility, manufacturing chemicals, conducting high finance, and building large structures. 

Organizations in these fields face higher than average operational risks. Their business continuity management challenges will always be above average. Their operational resilience programs should be above average in order to match their level of operational risk as the financial impact can be huge.

These are the five most common business continuity threats organizations face today. Some are notorious; all are serious. 

The conscientious BCM professional will take steps to protect his or her organization against all of them and make sure that their business continuity plan doesn’t fail when it’s needed the most.

Gaining Resilience, Protecting Your Stakeholders

The headlines are one thing and the issues that cause real problems for organizations are something else. Sometimes the two overlap, as in the case of cyberattacks. 

More often issues that can cause crippling problems for an organization are of interest only to the people who work there. 

There are a few things we know for certain: life involves risk, organizations are vulnerable, and a sound business continuity management program can help your organization gain the resilience it needs, so that your stakeholders get the protection they deserve when they face common business continuity threats.

Using BCM software can support and improve your resilience plans. By organizing and centralizing your plan in one place, you ensure a better response during a crisis. Business continuity software can also enable you to do compliance self-assessments, make BC training and planning easier across the organization, simplify BIA reporting, and identify weaknesses across your facilities.

To learn more about MHA Consulting’s BCM software, BCMMetrics, do a virtual tour.

Further Reading

For more information on common business continuity threats and other hot topics in BCM and IT/disaster recovery, check out these recent posts from BCMMETRICS and MHA Consulting:

• Single Points of Failure: Protecting Yourself from Hanging by a Thread
• What BC Professionals Can Do to Help Guard Against Cyberattacks
• Money Matters: The Importance of Being Financially Prepared for a Business Disruption