Often times it’s not the big bad hackers out there that pose the biggest threat to your organization's continued survival. More often than not, it’s simple issues that create a world of problems for your business. One common way that an otherwise sound business plan could be disrupted is through an unexpected disaster derailing operations without having an adequate data backup solution in place.
Data loss can have lasting effects upon your business, usually measured in lost productivity and capital. In other words, data loss is often measured by the cost required to retrieve, restore, and/or repair its effects. Of course, this is only the beginning of how data loss can impact your operations.
It’s no secret that a data breach can have serious consequences for any business, especially after some of the events that occurred throughout 2017. From the costs to repair any internal damage done to the efforts it takes to regain client trust, recovering from such an attack is no easy feat--and they’re only poised to get worse.
We’ve all seen and heard about companies and government departments that have experienced major security and data loss events. Once the event is made public, there is a media frenzy of coverage disclosing answers to questions like: Were your records compromised? How can you protect nonpublic information in the future? What should you do if you are a victim? However, as the media focus moves to another topic, the breach becomes yesterday’s news - and there is very little coverage of what repercussions and penalties those entities that were breached faced - if any.
Whether you are suspicious or not, today seems like a good day to talk out what can happen if some bad luck interferes with your business. Disasters can come in all shapes and sizes, from a freak storm destroying your place of business and every IT component you had inside, to an employee whose path was crossed by a black cat accidentally spilling their coffee on their keyboard as they access some key data.
No business owner wants to experience data loss in any way, shape or form, which is why it’s so crucial that preventive measures are taken. If you don’t have protections in place, you may find yourself out of business due to a data loss disaster. While that’s certainly the worst-case scenario, the other consequences of data loss are downright troublesome in their own right.