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.