Seven ugly truths about data backup
By Catherine McFarland • 26 Jun 2014
Not protecting your data is like spending the day in the hot sun without applying sun cream: you know you should protect your skin but, by the time the damage is done, it’s too late. Here are seven burning reasons why organisations should invest in trusted data backup in the cloud.
- 43 percent of companies are immediately put out of business by a “major loss” of computer records, and another 51 percent permanently close their doors within two years — leaving a mere six percent “survival” rate, according to Gartner, the global tech analysts.
- The Information Commissioner’s Office (ICO) can fine organisations up to £500,000 for breaching the Data Protection Act.
The Data Protection Act classifies any company or professional who needs to store personal client data as a ‘data controller’. And as a data controller, you are responsible for the availability, integrity and security of that data - which is where data backup is necessary. It can save critical and sensitive files in the event they are compromised, stolen, lost, changed or deleted.
- From an operational point of view, if you don’t back up your data, you risk losing some of your most important business assets – for example your contact database, emails and calendar.
- Human errors and system glitches are responsible for nearly two thirds of data breaches globally. (Source: 2013 Cost of a Data Breach: Global Analysis, Ponemon Institute and Symantec, June 2013).
Hackers are constantly looking for chinks in the corporate armour, and frequently steal data – some of which is often quite sensitive, such as financial or medical records or police witness statements. The breakdown in customer trust can be fatal for an organisation.
Data backup can prevent the loss of important data and save your business from unnecessary costs. Quick data recovery will minimise any downtime that can result from data mishaps or breaches.
- Without data backup, the average cost of a lost laptop is £29,022. (Source: The Billion Dollar Lost Laptop Study, Ponemon Institute and Intel Corp, December 2010).
- The data breach cost of a laptop represents 80 percent of the total cost of a lost laptop compared to a mere two percent for replacing the computer. (Source: The Billion Dollar Lost Laptop Study, Ponemon Institute and Intel Corp, December 2010). This problem disappears with cloud backup and services.
- Cloud backup services also use encryption to maximise security and prevent hacker violations. Encryption can reduce the cost of a lost laptop by around £11,785. (Source: The Billion Dollar Lost Laptop Study, Ponemon Institute and Intel Corp, December 2010).
The extra security that cloud backup provides is even more important for companies that have multiple locations, or whose employees work from home, access data remotely or deal with sensitive or confidential data. This is because data that is accessed or transferred frequently is at greater risk of being compromised. A safe, trusted cloud backup service lowers security risks and keeps your business protected.
To find out more about how you can protect your organisation’s data in the cloud, read up on the solutions we offer for server backup
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