![]() ![]() The operational downtime is where the costs really add up. Paying the ransom doesn’t guarantee anything. The ransomware then proceeds to encrypt nearly every file it can get its hands on, while demanding the user pay a ransom to restore everything back to normal. An infection typically occurs when a user opens an infected email attachment or visits an infected website. Ransomware is especially nasty in that it specifically targets your data. Numerous forms of malware pose a constant risk to your cybersecurity. The only way to truly protect your data is to routinely back it up. You can mitigate risks by patching systems as soon as they’re updated and replacing old hardware, but these kinds of disasters will still occur. Hardware and software failure are among the top causes of data loss. ![]() Whether it’s an application crash or a server hard drive that goes bad, critical data can become inaccessible or even corrupted. And when it does, a whole lot of data can be destroyed. Even skilled IT administrators can cause data loss, for example, by inadvertently misconfiguring new hardware or mishandling a data migration. Other times, they delete them on purpose, not realizing the importance of the files until it’s too late. Users inadvertently delete important emails, files and entire folders. The most common scenario is accidental deletion. How does it happen? Here are some of the most common causes:Ī whopping 75% of corporate data loss is caused by human error, according to the IT Policy Compliance Group. And when there’s no form of corporate data backup in place, those files are often gone for good. It happens every day at companies around the globe. Statistics show that roughly 70% of businesses experience data loss. When these applications become inaccessible, or the data inside them goes missing, operations can come to a screeching halt. If, for example, a cyberattack compromised these files, then critical applications and even the operating systems themselves might not function properly.īusinesses today rely on a wide range of software for their day-to-day operations. What kinds of data should businesses back up?įrom a file perspective alone, businesses maintain a wide spectrum of critical data that is central to their operations: email, customer data, transactions, marketing plans, strategies, assets and employee data – not to mention all the various files and folders that are accessed by its workers every day.īut then there are the other layers of critical data, like O/S and application data, that power the business’s computing capabilities. After a data loss event occurs, administrators can restore individual files, or the entire backup, by choosing the appropriate recovery point. Backups occur on a schedule set by the administrator. It is a solution for protecting against data loss and system downtime, enabling a business to continue running efficiently.ĭata is backed up to an on-site server, a backup appliance or a data center off-site (or even a combination of all three). The single most critical contingency for these scenarios is corporate data backup.Ĭorporate data backup is a system of software and hardware that ensures business continuity in the event of a disaster. Natural disasters, human error and other factors contribute to data being compromised and potentially lost. These disruptions aren’t limited to hackers or servers going down. ![]() Regardless of the size of the business, it’s important to have contingencies in place for when disruptions inevitably occur. For large businesses, that number skyrockets up to $5 million per hour. When a loss of data leads to operational downtime, it costs small businesses an average of nearly $8,600 every hour until the problem is resolved. Some research has shown that 60% of companies that lose their data are forced to shut down within 6 months. ![]() Without an adequate corporate data backup system in place, a business stands to lose everything. From critical application data to sensitive customer files, companies today are literally powered by their data. In today’s business world, data is everything. ![]()
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