Extra Expense
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1. Coming soon.
2. The extra cost necessary to implement a recovery strategy and/or mitigate a loss. An example is the cost to transfer inventory to an alternate location to protect it from further damage, cost of reconfiguring lines, overtime costs, etc. Typically reviewed during BIA and is a consideration during insurance evaluation. (Source: ENISA - the European Network and Information Security Agency. BCM & Resilience Glossary) |