As the year 2021 is coming to an end, and we are moving towards 2022 while the world is trying to find its way back to the normal, backup and disaster recovery plan should become any small or midsize enterprise’s (SME) top priority.
It was revealed in 2020 the global average for a data breach was $3.68 million, while another study revealed by Infosys that the top brands of the world could lose between $93 billion and $223 billion in the data breach. But if you think you are out of the woods as an owner of SME, you are wrong.
In the first six months, it has been revealed that 60 percent of SMEs go out of business due to cyber-attacks and data breaches. So if you want your business to run successfully, it’s time you pay attention to backup and disaster recovery procedures.
Why Backup and Disaster Recovery Is Important For SMEs?
While the conglomerates are a treasure trove for the hackers, as small businesses are going digital or starting their venture online, the threat is there too. Data backup and protection are often associated with thwarting the attacks posed by a malicious outsider, but it is not limited to cyber-attacks only.
There are several ways that data loss can happen in this day and age, and it is difficult to predict. So, it is important that you have the right solutions to recover them in such a scenario.
Here are the top five reasons your small business should invest in data backup and disaster recovery management. The last thing you want is your business to lose because you lost your data.
1. Cyberattacks Are Evolving
With digital transformation, the frequency of cyber-attacks has also increased. As a result, it is becoming a constant threat to businesses, where the ransomware is just scratching the surface of the major problems like malware, data breaches, DDoS attack, zero-day exploits, and supply chain attacks, to name a few.
No longer are they targeting just the server but the information that is stored on the cloud too. So, while creating your digital presence is the driving factor in running a successful business, you are also opening the company and its information to hackers. They are ready to capitalize on the massive data generated by the business to get customers and increase the ROI.
If you had the idea that having old security in place would protect the data, you are wrong. Today’s security system will not only protect them but will also offer backup and disaster recovery procedures.
2. Preventive Measures Fail
When it comes to cybersecurity, preventive measures are not enough. In this digital world, you have to be proactive when you are dealing with data. Therefore, your system should be built with a network security solution, patch management tools, robust firewall configurations, and solutions to mitigate any data loss.
Having a disaster plan management in place with the data backup system reduces the chances of data getting stolen or ransomware encrypting it. Even if a disaster occurs, a proactive plan will help you to get back into the business in no time.
Hence, it’s time to go beyond just preventing the threat but find solutions and put management in place that will take care in case the prevention fails.
3. The Hand Of God!!!
Irrespective of the size of your business, you cannot do anything when a natural disaster strikes the business. But while large enterprises have the money backup to run again, the small businesses are the most affected ones due to natural calamities.
To name a few, any natural disaster like fire, flood, earthquake, or cyclone can cause your server to fail. This will translate into the loss of revenue for your business and a drop in your goodwill and customer retention. Duplicating the process while extending the downtime as you try to figure out how to recover can be a path to the closure of your business.
However, when you have a managed service provider who is apt in providing disaster recovery plans and backup management where all your data is safe despite the server being gone, you are good to go in no time. In a matter of hours, you can get all your information back and start serving your customers.
4. To Err Is Human!
Making a mistake is common, and at times it can cause loss of data. This can mainly happen when a fresher or an employee fails to adhere to the regulations and the procedures while working online. A careless mistake with an application or website can cause havoc in the business – to the extent you have to incur a huge loss.
At times there can also be a deliberate move to tamper or cause data loss. A managed service provider ensures no such incident happens. They work as an added security layer for your company’s data by protecting and monitoring them remotely.
The remote working process often done by the managed service ensures you get the best security, server management, and tech support while reducing human error and eventually data loss. In case of loss of data, they always have a backup so you can start in a few hours.
5. Brand’s Reputation At Stake
If you thought you were safe just by moving your business data from an on-premise server to cloud computing. You need to think again. You will indeed save money that you have to pay a team for the on-premise management effort but remember, cloud computing doesn’t come without risk.
When you are putting the data on the cloud, you are placing your business’ security into the hands of the cloud service provider. Therefore, you need to ensure a reputed service provider is managing it. A small mistake or loss of data can lead to the loss of customers’ trust and reputation.
The Last Lines!
If you are running a small business, invest in getting IT managed service from a reputed company. They will ensure your data is backed up and a disaster recovery management plan is in place in case of an unwarranted incident. The system will help you focus more on the core business while the managed service takes the and data security. Security is taken care of by the managed service.