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Insured business continuity is the outcome of data insurance by CloudCover when underwriting of critical business functions provide for the continuous data access and availability to customers, suppliers, regulators, and entities that must have access to those active functions.
These active functions include project management, system backups, change control and help desk. Insured Business Continuity (IBC) refers to those data insured activities performed daily to maintain data access, service, consistency and data recoverability.
Downtime is measured in millions of dollars per minute. Constant security threats and intense scrutiny by regulators and auditors require complete visibility and accountability, both in real-time and historically.
The foundation of Insured Business Continuity are the policies, guidelines, standards, and RPU procedures required within the CloudCover Protocol. All system design, implementation, support, and maintenance are based on this foundation in order to have any hope of achieving business continuity, disaster recovery, or in some cases, system support. Business continuity is sometimes confused with disaster recovery, but they are separate entities. Disaster recovery is a subset of business continuity.
The term Business Continuity describes a methodology of conducting day-to-day business, whereas Insured Business Continuity is an activity of underwriting and insuring what Business Continuity should be. IBC may be thought of as the company's data risk insurance policy that cover on a minute-by-minute basis, to insure normal operations are consistent and working 24/7.
CloudCover IBC provides for real-time continuity.
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