Contingency Planning in API Q2

We all have worries about our business that can keep us up at night. That is precisely why it is important to have contingency plans in place in the event of a disaster.
 
The addition of Contingency Planning to API Q2 forces organizations to anticipate catastrophic events and create documentation defining their contingency plan procedures. The service provider must also integrate the plan into its processes between its suppliers and customers.
 
Contingency Planning is an ongoing process and must be updated periodically to mitigate risks of disruption and incidents.
 
Contingency Plans should at the very least contain:

• How to respond to specific risk scenarios
• Steps to mitigate the effects of disruptive incidents
• Assigned responsibilities and authorities
• Internal and external communication controls 

The pending API Q2, with its added Contingency Planning requirements ensures your organization will be prepared for should the unexpected occur.