5 Reasons Data Backups are Crucial for a Business

Ransomware attacks and newsworthy data breaches are in no short demand in recent years. According to recent research, nearly 2,244 cyberattacks happen each day globally on average. To make matters even worse, many of these attacks specifically target businesses to obtain sensitive data that they may have available.

While large enterprises have a swath of sensitive data from internal sources, and external sources if they are customer-facing, small businesses also have a large amount of data that hackers could leverage and utilize. For this reason, businesses of all sizes need to have data backups that protect their data and ensure their disaster recovery solution works.

To help stress the importance of a good disaster recovery plan, here are five reasons that data backups are crucial for a business:

1. Cyberattacks Continue to Advance

CNN reported that the average small business lost around $100,000 due to downtime in 2017 when hit with a ransomware attack. Even worse, many of these businesses lost the encrypted data they had and were typically unable to recover it all. Ransomware is just one of many modern cyberattack choices for hackers. Other potential types include malware, DDoS attacks, supply chain attacks, zero-day exploits and data breaches. As more businesses continue to move their data to digital mediums, these threats will continue to evolve.

2. Preventative Measures are Not Fail-Safe

Small businesses that don’t have a cybersecurity plan could be setting themselves up for failure – mainly if they aren’t investing in modern security solutions. According to Nationwide Insurance, around 68% of small businesses currently do not have a disaster recovery plan, making it just a matter of time before they are breached or attacked. Taking preventative measures is no longer enough, and businesses of all sizes need to be proactive in fighting back against cyberattacks.

3. Cloud Solutions Require Extensive Backups

Although cloud-based solutions are becoming the norm for businesses of all sizes, moving your data off of on-premises servers could open a company up to new risks. This is especially true if the business utilizes shared servers or isn’t taking the appropriate steps to mitigate risks. When companies choose to invest in cloud solutions, they should also increase the number of backups they are completing since they will ultimately be placing the security of that data into their cloud provider’s hands.

4. Natural Disasters are a Real Threat

More than ever, we are starting to see the real impact of data loss on businesses. For instance, according to a Clutch report, around 60% of companies that lost their data had to shut down within the next six months. In addition to cyberattacks, many other natural disasters, including earthquakes, storms and fires, could shut down servers or data centers. This makes having a backup plan to divert to new servers critical.

5. Data Threats Aren’t Always External

Even with an excellent cybersecurity plan in place, all it takes is one employee to deter those efforts from the inside. A survey by CA Technologies found that roughly 56% of cybersecurity professionals believe regular employees pose the most considerable security risk for a business. For this reason, permissions should be given out sparingly, and excessive privileges should be avoided whenever possible to protect the company internally.

Why Choose SET for Data Security?

Small Enterprise Technology (SET) provides security and compliance services that utilize integrated antivirus solutions and End Point Detection and Response (EDR) to actively monitor, manage and update client devices. Ultimately, this ensures that your business remains as protected and secure as possible. To learn more about how SET can help your business stay protected from phishing attempts, call us at (918) 965-0045 or contact us today