Despite my best efforts, I’m still unable to kill off the myth about “80% of companies without recovery plans failing within 18 months of having a disaster”. The myth comes in many statistical guises, and the latest example appears in a white paper from AVG, the online security company, which contains the quote from Touche Ross “The survival rate for companies without a disaster recovery plan is less than 10%”.
Depressingly, this quote is used by a large number of organisations that should know better, and is usually stated in the format “A Touche Ross study found that the survival rate for companies without a disaster recovery plan is less than 10%”. I have tried very hard to find this Touche Ross study, but to no avail. Touche Ross has not existed as a separate company since 1989 when it became Deloitte Touche , so this is hardly a recent study, even if it actually exists.
I have searched the Deloitte web site and cannot find any reference to the study in question, and have now made contact with Deloitte to ask if they can try and find the study, and whether or not they stand by the quote. Watch this space!