How data loss without any data recovery can cripple Companies

Data is the life of a company. It ensures orders are shipped to correct addresses. Even better, it ensures companies can communicate and function. Data allows companies to interact in a B2C capacity. A UK company that must shut down because of a data loss can easily lose thousands in a single day.  Why are costs so high? A UK business must include their employee costs, their lost sales that the usually make in a single day, how much does it cost them to produce their product? How much is a company losing in extra business costs. For example, will health care costs increase by a company’s employees have lost too many days of work, thanks to a data loss?

This is why a business needs a data recovery plan. Did you know that a tenth of UK businesses back up their data once a year? According to Vanson Bourne, another 1,000 UK businesses admitted they backed up data once a month.  It isn’t just natural disasters that can cripple businesses that do not backup their data regularly.

Why businesses need a disaster data recovery Plan

Did you know that a business’s vulnerability is its weakest link? Did you know that 77 percent of workers leave their computers unattended, according to one study? This opens the door to hackers. This is why companies need a professional that can protect their data and help the company recover sensitive data if they are hacked.

Unchecked cybercrime costs UK businesses up to £ 4,000 a year. However, it isn’t just hackers that can cause businesses to lose money. Companies also damage their reputation with a data loss, that they cannot protect a customer’s data.  This is why it is best for companies needs to have a data recovery plan before disaster strikes.  Security breaches can cause not just businesses to suffer, but also affect the economy. Did you know that breaches can cause losses in the economy, totalling more than £ 27 billion in losses?  It also may open the door for businesses to be sued. Did you know acts of God, such as floods, can signal disaster for businesses that do not have a disaster recovery plans? An estimated 25 percent of businesses do not reopen after a major disaster according to Institute of Business Home and Safety.

Isn’t it nice to know that your business is protected against data loss if you have a data loss recovery plan before you actually need it?  By having your employees cross-trained, this will help a business avoid data loss.  Companies may put their data at risk by simply having one employee in charge of some data. This may prevent data loss if the employee is injured, sick or dies.