The term "business continuity planning" (BCP) in IT refers to the process of creating systems of prevention and recovery to deal with potential threats to a company. The significance lies in ensuring that critical business functions can continue during and after a significant disruption, such as a cybersecurity incident or natural disaster. BCP involves risk assessment, strategy development, and regular testing, enabling organizations to reduce the impact of unforeseen events. It ultimately supports organizational resilience and operational stability.