Outsourcing risks top Australian concerns

SYDNEY – Risks related to outsourcing are one of the biggest threats to successful business continuity management in Australia, according to a recent survey by the Center for Australian Financial Institutions (CAFI).

“If you go back to the fundamentals of outsourcing, it is a business principal driven by cost-cutting,” says Sarath Delpachitra, the CAFI’s deputy director and co-author of the research. The CAFI is a department of the University of South Queensland in Toowoomba, Australia. “If institutions look at business continuity management (BCM), that means the outsourcer has to invest money in BCM to make sure things function under different circumstances, which drives everybody’s costs up.”

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