Finance
Cost recovery
Formal definition
Cost recovery is a charity finance term for reducing cyber and operational risk through preventative controls and tested recovery capability.
What this actually means for you
Use Cost recovery to guide live decisions: apply baseline security controls and rehearse restoration steps against defined recovery targets, with ownership and reporting agreed at month-end and before trustee reporting cycles.
Example: At the next review checkpoint, Cost recovery is used in practice like this: access reviews remove stale accounts quarterly and backup restores are tested against RTO and RPO targets. Accountabilities are captured in team templates, reporting packs, and operating checklists.
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