From cpaaustralia.com.au: IT outages can be caused by various factors, including software failures, security breaches, and third-party service issues, leading to significant financial losses and operational disruptions.

To prepare for such incidents, businesses should develop a comprehensive disaster-recovery plan, conduct risk assessments, and implement manual backup processes.

Key elements of a business continuity plan include identifying potential causes of outages, classifying critical systems, establishing a communications strategy, and regularly testing backup and recovery measures.