![]() In a study by Nationwide Insurance, 68% of SMBs have no disaster recovery plan.ĭid you know that the average small business lost $100,000 in 2017 due to cyberattacks resulting in significant downtime? Unfortunately, this reality is leaving businesses vulnerable. Although you may think your organization’s data security policies are unbreakable, all it takes is one mistake. ![]() Let’s discuss some of the threats to your company that data backups can help with.Įven the most well-prepared company can be hit by a cyberattack. Regular data backup and recovery protects your business from threats, including:ĭiscovering why data backup is important for your business is crucial to protecting the future of your business. If you rely on a single source of truth and it becomes compromised, you risk everything you have worked for. According to Cybercrime Magazine, 60% of small companies go out of business within six months of a successful cyberattack.Ī reliable business data backup is pivotal for reinforcing your resilience as a company. In the worst-case scenarios, businesses that sustain a disaster can find themselves closing their doors for good. Failing to understand potential vulnerabilities and the need for a solid corporate data backup can mean: In other words, proper employee training, strong security policies, and proper enforcement are often enough to provide comprehensive data protection. Cybercriminals usually gain access to data via weak passwords. Data loss can happen in many ways, whether it’s a corrupt file, using incompatible software, or accidental deletion.īut on the cybercrime side, most attacks aren’t sophisticated productions. While cybercrime is three times likelier to hit small businesses than larger ones, and so few entrepreneurs are prepared to confront the threat of cybercrime, this is not the greatest risk to your data.Īccording to the University of Stanford, human error accounts for 88% of all data loss. This guide discusses the issue of data protection and the need to protect your business should the worst happen. It requires planning and a commitment to implementing organizational best practices to enhance privacy and achieve compliance. It illustrates why data backup is important for your business and the need to implement a recovery strategy into your overall data security plan.īut business continuity requires more than understanding the risks. Despite the efforts of governments and businesses alike, an estimated 33 billion records will be stolen in 2023.
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