Your business will incur significant and immediate costs by paying a third-party data recovery service. You can add more storage and backup capacity without the hassle of buying a new server, installing and configuring it, and maintaining and managing it.Ĭost and Savings – Consider what happens if you do not have a backup plan in place and a disaster strikes. If you find your business needs more data, cloud storage is highly scalable. Here’s a look at some of the most essential benefits of creating a data backup strategy:Īffordability – If you choose a cloud solution as part or all of your data backup plan, you can rely on affordable and predictable pricing. Whatever the situation, data backups can get your business back to operational status with little or no data loss, minimal disruption and brief periods of downtime. ![]() Crises can take many forms, including natural disasters such as an earthquake, fire, flood, hurricane or tornado, power outages, or manmade events such as data theft or ransomware attack. What Makes Data Backups So Important?ĭuring a crisis, a data backup strategy adds stability and structure to an otherwise chaotic situation. In addition, 140,000 hard drives fail in the United States weekly. Every month, one in 10 computers becomes infected with a virus. According to, every minute 113 phones are lost or stolen. That’s a lot of time that a hacker can spend inside your systems, copying, extracting, damaging or selling sensitive information.ĭata breaches are also not necessarily the result of active system intrusions. And those breaches usually take businesses a long time to discover – 197 days on average – and contain – 69 days on average. The Ponemon Institute’s 2018 Cost of Data Breach Study noted that the average cost of a data breach rose by 6.4 percent in one year, costing affected companies an average of $3.86 million per incident.ĭuring the next two years, according to the study, businesses face a 27.9 percent likelihood of experiencing a data breach. There are some sobering statistics that can help convince business leaders about the importance of data backups. How Can I Convince Company Leaders that Backups Are Truly Necessary? No matter the answer, it’s prudent to partner with a managed IT services provider to make the right decision for your business regarding backup frequency, based on your company’s needs and priorities. It depends greatly on the type of data being collected and used, where it’s being stored and your company’s risk tolerance. It’s a complicated question and the answer is usually a nuanced one. How Frequently Should Your Business Data Be Backed Up?
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