Despite high-profile disasters like Katrina, a third of all businesses lack continuity plans. Is your network prepared for a disaster like hurricane Katrina? A new report done by AT&T and the International Association of Emergency Managers (IAEM) suggests that many enterprise networks are not, and that a surprisingly large proportion of companies have made continuity planning a low priority. The study, “Disaster Planning in the Private Sector: A Look at the State of Business Continuity in the U.S.,” found that almost one third of U.S. businesses do not have continuity plans, and that nearly 40% of the 1200 companies surveyed reported that continuity planning was not a priority. More than 40% of the companies surveyed do not have off-site back-up or redundant servers and almost a third have failed to implement basic network security measures. Indeed, two thirds of companies that had suffered some kind of disaster lost business. Some 16% of these companies lost between $100,000 and $500,000 per day, and another 26% said that they were unable to estimate their losses due to disaster outages.