In today's digital age, data is one of the most critical resources for any business. Losing valuable data due to system failures, cyber-attacks, or human errors can lead to significant operational disruptions and financial losses. This is why a robust data backup and recovery strategy is essential for safeguarding your business.
Although with the
rapid evolution of technology, accessing and storing data has become easy.
However, data losses have never been more prevalent. Data loss statistics
suggest that no industry is untouched by this risk.
Nevertheless, with
the right tools, strategies, and Data Backup Services, you can safeguard your
data from unwanted threats such as viruses, malware, phishing attacks, and so
on.
Having a reliable
system in place ensures that important information is always recoverable,
minimizing downtime and protecting your business from potential damage. Backup
solutions not only provide peace of mind but also enhance operational
resilience, allowing businesses to quickly recover and continue operations
seamlessly.
What do Statistics Say About Data Breaches?
As technology
progressed, it made it easier for even small-scale businesses to access robust Data Recovery
Services. However, many companies still don't find investing in a security
solution necessary. Consequently, they suffer significant data losses while
putting their operations at risk. Below are some of the statistics regarding
the same.
● In
a 2022 study, it was noted that about 76% of IT leaders claimed that they had
faced severe critical data loss in the previous year, while 45% of them
experienced permanent data loss.
● In
2023, 3,205 data breaches were reported in the US, a 78% increase from the 2022
records. Furthermore, the average cost of a data breach rose to $4 million,
15.3% higher than in 2020.
●Europe
noted 32% of cyber-attacks in 2023, while 71% of cyberattacks took place using
compromised credentials.
● Between
January and April 2024, 9478 data breaches were publicly disclosed. In May
2024, the Indian Cyber Crime Coordination Centre (I4C) registered 7,000
cybercrime complaints every day.
What is Data Backup and Recovery?
Data backup and
recovery involve backing up your data and setting up security systems to secure
it. Your computer's data is duplicated to ensure smooth accessibility. Your
data can only be recovered if backed up earlier.
About 29% of
organizations lack data backup plans, which can cause them serious losses or
require them to redo all the work. Cloud storage options are among the most
popular options among businesses.
Why Should Your Business Invest in Data Backup and Recovery?
Many organizations
do not acknowledge the importance of data backup services for their endpoints.
Such companies are on the verge of permanently losing their endpoint data to
ransomware, viruses, or simply a hardware failure. Below are why your business
needs to invest in a data backup and recovery service.
● Boosts Employee Productivity: When you lose data, you lose a
lot more than that; you lose your employees' productivity and time as they have
to redo all the work. With the recovery solution, they can focus on your
company's KPIs better without the stress of redoing everything.
● Gives a Competitive Edge: With cloud backup and recovery,
you can access your data more easily while also securing it from malicious
threats. The stronger your data protection, the better your competitive
advantage in the market. You will have a strong reputation for your resilience
and streamlined services.
● Cost Efficiency: Recovering lost data without a
backup can be extremely high, involving specialized recovery services, business
downtime, and potential reputational damage. In contrast, investing in backup
and recovery solutions upfront is far more affordable and minimizes operational
disruption and financial risk in the long run.
● Compliance: Various industries, such as
healthcare, finance, and legal sectors, are bound by regulations mandating
secure data retention and recovery processes. Failure to meet these
requirements can result in hefty fines, legal consequences, or loss of
certification. Implementing reliable backup solutions helps businesses meet
these regulatory obligations and avoid penalties.
● Safeguarding Reputation: Data breaches or losses can
damage a company's reputation, eroding customer trust and confidence. By
maintaining reliable backups, businesses show clients and stakeholders they are
proactive, responsible, and well-prepared to handle data incidents. This
fosters trust and helps protect the brand's integrity during crises.
By implementing
these solutions, you ensure operational continuity, enhance employee
productivity, gain a competitive edge, comply with industry regulations, and
safeguard your company's reputation. Companies like Globtier Infotech provides
the security and reliability needed to navigate these challenges, securing your
data against any unforeseen threats.