If you’ve ever known disaster, whether it be natural or cyber, you know just how serious it can be. Obvious causes include storms that inflict on-site damage or malicious attacks, but even user error can trigger disaster at a moment’s notice. Regardless of how your business conceives of these threats, the cruel fact remains: 93% of companies without a data recovery plan face closure within a year of a major disaster.
According to phoenixNAP, over the past five years, half of all businesses have weathered a downtime event longer than a full working day. The most common causes are:
- 45% – hardware failure
- 35% – loss of power
- 34% – software failure
- 23% – external security breaches
- 20% – accidental user error
According to DataCore, for the businesses that experienced a downtime event, only half were confident they could restore 100% of their data. Smaller and medium sized businesses face greater fallout from these disasters, often because they have fewer IT staff, and a smaller portion of funding allocated towards technology resources.
Reports have also found that 75% of small businesses do not have a disaster recovery plan in place, creating a huge liability for an already overtaxed budget. Given the tremendous cost associated with data recovery, roughly $100,000 per incident, small businesses face a more arduous recovery process.
Keep in mind that 1 in 3 businesses reported a virus or malware attack in the last five years. Also, 58% of businesses breaches in the last 12 months have been due to viruses and malware and only 2% of businesses were able to recover from their latest security event within an hour.
Fortunately, the majority of these problems are avoidable through strategic planning. 96% of companies with thorough disaster recovery and data backup plans were able to avoid the fallout from ransomware attacks. By leveraging a resource such as TimbukTech, your company will have the benefit of:
- Disaster recovery
- Retention and reporting
- Data backup and restoration
- High availability and shared storage
- Infrastructure design and architecture
If you’re looking to outfit your business with affordable, enterprise protection, contact a TimbukTech expert today.