It’s essential for businesses always to be ready for sudden events. Natural and man-made disasters such as storms, earthquakes, and cyberattacks can occur anytime, and a thorough course of action can lessen the gravity of their effects.
Your disaster recovery plan should always focus on your data.
Losing confidential data and having it go into the incorrect hands could bring disaster for your company.
Cybercriminals can utilize stolen information to gain access to proprietary files, create new accounts and lock you out of your old ones, and make fake transactions.
Be it financial losses or a bad reputation or both; there are chances your company could suffer damage that is exceedingly hard to recover from.
Despite this, insurance firm Nationwide revealed that
- 75% of small industries don’t have a disaster recovery plan.
- Moreover, 52% of owners claimed that it would take at least three months for them to recover from a disaster.
The question here is;
Why this trend? Possible reasons might include lack of budget or infrastructure. Still, the most common reason might be the approach that small businesses aren’t the targets of cybercriminals, believing that they have nothing of importance to be stolen. The opposite is always true, however.
A 2018 survey, the Data Breach Investigations Report by Verizon, stated that 58% of cyberattacks focus on small businesses. Despite potentially lower returns, cybercriminals exploit small firms due to cybersecurity negligence.
Hardware failure continues to be the main reason for data loss
Hardware failure is the number one setback faced by businesses. It found that aside from data corruption and power loss, hardware problems are the primary cause of unplanned downtime, data loss 45% of the time.
General businesses store their data on physical hard drives. This may be a no-brainer when it comes to keeping the information secure. But what when these devices crash? Organizations are left confused for a way to recover the lost data as quickly as possible.
In case if you’re using outdated hardware, it’s ideal for restoring it with new equipment that won’t crash repeatedly.
This might definitely sound like a massive investment, especially for small businesses, but it’s an investment that will repay a thousandfold when your data is secured.
- In a world of interconnectedness, you can also utilize the internet to safeguard the reliability of your data.
- It is a wise choice to make use of cloud storage options that save your data on the internet in various servers located around the globe.
- In this manner, if a failure occurs, you can still restore your files from another location, reducing the risk of data loss.
Recovering your data won’t be cheap.
When it comes to the expenses of data loss, there are two things to consider: direct and indirect costs.
- The former refers to equipment downtime and replacement.
- While the latter include intangible costs such as -damage to your reputation and low employee spirits.
A silver lining for disaster recovery
It’s not all a matter of bad news when it comes to disaster recovery, thankfully.
All things considered, failure recovery is one feature of your company that you should never think twice about.
Data is pivotal to your business, making its safety non-negotiable. Safeguarding it from issues is imperative.
Collaborating with an MSP is beneficial, but educating employees about online safety and their role in data security also fortifies your company.
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Call us today to get more insights and safeguard your confidential data with ease.