Data loss at a corporate level has increased over 400 percent in the last 2 years and comes at an average cost of $5,600 per minute. That is time and money your business cannot afford to lose in the event of a data catastrophe.
One of the simplest ways to prevent loss and limit risk to your business is by having a strong data backup and disaster recovery plan in place. A quality backup practice makes extra copies of your company’s data that you can restore if you encounter an accidental deletion, database corruption, or problem with a software upgrade. A disaster recovery plan is the plan and processes for quickly reestablishing access to data, applications, your IT network after an outage. Businesses should utilize both in tandem in order to protect your data, reduce risk, and prevent loss due to unforeseeable events.
Here are 5 reasons your business may want to consider improving your data backup and disaster recovery plan:
1. Your Reputation Is Everything
Nothing determines the success of your business quite like your reputation. 95% of consumers use reviews and word of mouth before making purchasing decisions. In an age of digital dependency and increasing cyber threats, losing data to online attacks, outages, or software failure is the quickest way to damage your company’s reputation in the eyes of the public.
2. Temporary Business Shut Downs
One thing the pandemic taught us is that any amount of time not conducting business can be devastating your company’s survival. The last thing you want is to have to close your doors, even for a short period of time, due to data loss.
Facebook suffered a large outage in October 2021 which brought down several of its affiliated services. During this time, customers could not access the platform at all which led to them seeking out their competitors.
3. Prevent Financial Loss
The average business loses $300,000 every hour that it is down due to a data loss event. This is due to stoppage time, potential fines, the costs to resume business as usual, and losing customers to competitors.
4. Cyber Crime is Growing
Cyber attacks rose 600% in the year 2021. Bad actors are finding new ways to infiltrate your network and those of affiliate organizations with things like phishing emails, text messages, and advanced malicious software.
Backing up your data alone won’t guarantee data security. You will also need to consider things like:
- Firewalls and network security
- Antivirus software
- Safe, smart online activity
- Keeping software up-to-date
However, having a backup means that your files will be safe in the even that your network is damaged by malware or ransomware.
5. Peace of Mind
In an age of increasing dependency on our digital systems, data loss events are no longer a question of if, but when. Having a quality data backup and disaster recovery plan in place gives you, your employees, and your customers peace of mind knowing that an attack or outage will not put your businesses information at risk.
When it comes to digital security and trustworthy data recovery for your business, Simpatico Systems is the most reliable name in the business. We walk you through the entire process from evaluation to implementation, maintenance, and emergency response. Don’t risk the life of your business. Call Simpatico for their award-winning data backup and disaster recovery services today.