Many businesses operate with a sense of unrealistic optimism when it comes to data loss and disaster recovery. However, the reality can be quite different and can negatively affect your business without vigilance. As the rate of digitalization increases, so does the risk of data loss. Can your business afford a data-loss incident?
It doesn’t matter if data loss happens because of human error, cyberattack or natural disaster. It can have far-reaching consequences, including:
- Severe Downtime. Business per-hour downtime costs vary from $10,000 to $50,000
- Reputational Damage. One-third of customers will end their association with a business following severe data loss
- Regulatory Penalties. Failure to protect data can draw penalties worth 2% to 4% or more of company turnover
- Permanent Closure. Some businesses are unable to recover from an incident and close permanently.
Prioritizing backup and disaster recovery is important. A comprehensive backup and disaster recovery solution provides secure, uninterrupted backup and quick data recovery. Often these solutions have cloud-based architecture that ensures the business runs seamlessly in the event of a disaster.
Key Terms Used in Backup and Disaster Recovery
The following terms will give you an idea about the type of actions and processes you should aim to implement within your business.
Minimum Business Continuity Objective (MBCO)
MBCO signifies the minimum level of output needed after severe disruption to achieve business objectives
Maximum Tolerable Period of Disruption (MTPD)
MTPD is the duration after which the impact on a business caused by minimal or zero output becomes intolerably severe.
Recovery Time Objective (RTO)
RTO is the time it takes before employees can start working after a data-loss event. It’s usually measured in minutes.
Recovery Point Objective (RPO)
RPO is the amount of work that can be lost and will need to be done again after a data-loss event. It’s usually measured in seconds
Deploy Backup and Disaster Recovery Today
Having an effective backup and disaster recovery solution provides several benefits. Here are the top six:
- Helps you stay protected against natural disasters. The first half of 2023 alone had close to 200 reported natural disasters. While it’s impossible to stop a natural disaster, you can ensure your data is protected and take the necessary measures to prevent downtime.
- Reduces the impact from cyberattacks. With the rate of cyberattacks going through the roof, robust backup and disaster recovery solutions add another layer of protection for your business.
- Quicker recovery times. It doesn’t matter why disaster strikes. What matters is how quickly your business bounces back. A good backup and disaster recovery solution helps you get up and running as soon as possible.
- Safeguards against system failures. Unexpected system failure can lead to downtime. This is preventable by equipping your business with backup and disaster recovery.
- Reduces impact from human errors. Employees can pose a security threat to your business, whether that’s from accidental or intentional mis–delivery and corruption of data. Deploying backup and disaster recovery is crucial. There are also opportunities to train your employees on correct security behaviors.
- Protects sensitive data. If your business handles sensitive data like Personally Identifiable Information (PII), measures should be taken to ensure it never ends up in the wrong hands. Safeguarding all critical data can build your business’s reputation and prevent regulatory penalties.
Remember, it’s your responsibility to protect your business from data loss and its chaotic implications. If you can’t handle this alone, don’t worry. We’re here to help.
With our backup and disaster recovery solutions, we can help build a resilient strategy to protect your business against data loss and give you much-needed peace of mind in the event of a disaster. If you’d like to learn more, take a look at our service page.