Examining the Impact of Business Continuity Management Systems on Reducing Operational and Economic Risks in Payment Companies
Keywords:
Management system, business continuity, operational risk reduction, economic riskAbstract
In today's world, payment companies face security threats, regulatory changes, economic crises, and technological developments that can significantly impact their performance and sustainability. The aim of this study is to analyze the role of Business Continuity Management (BCM) systems in mitigating these risks and enhancing operational and economic resilience. The research method is descriptive-survey, and data were collected through questionnaires designed for managers and senior experts in payment companies. The results indicate that BCM systems are effectively influential in reducing both operational and economic risks. Moreover, these systems contribute to improved economic performance in payment companies by enhancing crisis management processes and reducing the costs associated with disruptions. This study underscores the importance of implementing BCM systems in payment companies and recommends their continuous updating to remain effective against emerging threats.
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Copyright (c) 2024 Reza Zahiri far (Corresponding author); Vahid Kiani, Seyed Najmeddin Mousavi (Author)
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
