Finance
Full cost recovery
Formal definition
Full cost recovery is an operating term in finance focused on reducing cyber and operational risk through preventative controls and tested recovery capability.
What this actually means for you
For day-to-day delivery, Full cost recovery should be documented clearly and applied consistently; apply baseline security controls and rehearse restoration steps against defined recovery targets.
Example: At the next review checkpoint, Full 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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