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4 Reasons Why Data Backup is Vital for Your Business

by codegrape / January 16, 2020

Whether you run your own SME, or you are in charge of a larger corporation, data back-up has never been more important than it is right now.

With an increase in high profile data breaches over the last few years, as well as progressively sophisticated malware, it is vital that you ensure that your business is sufficiently protected.

Did you know that there are an estimated 2,244 cyber-attacks globally each day? Many of these involve the targeting of extremely sensitive data that can often result in a business losing both its reputation and its ability to continue trading. However, data security is not just about protecting your data from these cybercriminals; it is also about the ability to recover your data if the worst does happen.

Even with the latest and greatest in security software, unfortunately, your business could still become a victim of cybercrime. Therefore, it is crucial that you have a data backup and disaster recovery plan in place. Keep reading to discover more reasons why you need to implement a data backup plan for your business today!

Cybercriminals are highly adaptive

You may think that you have sufficiently protected your business with the latest security software and that you are immune to an attack, but cybercriminals are discovering new ways to target your business each and every day, with ransomware, spyware, phishing and DDoS attacks all being common occurrences. Not only can these attacks lead to a massive loss of revenue due to downtime, but many businesses, and SME’s in particular, who have failed to put a disaster recovery plan in place, will never be able to recover their encrypted data.

Data loss leads to a loss of trust

If you pride yourselves on being a brand that your customers can rely on, having to tell them that you have lost sensitive data can result in a complete breakdown of trust. This can lead to customers leaving you and never coming back, which for a small business can disastrous.

Did you know that according to the 2019 SMB Cyber Threat study, 6 in 10 small businesses do not have a digital defense plan in place? Would your customers be happy to know if you were one of these businesses?

Natural disasters can cause chaos

Even without the ongoing threat of a cyberattack, what would happen if you lost vital data due to a natural disaster such as an earthquake or fire? True, it may not be likely to happen, but wouldn’t you rather have a plan in place in case it did?

Ensuring that you have the right IT support for your business, which includes a disaster recovery procedure and ongoing Cloud and server support, can mean the difference between your business surviving and collapsing.

The Cloud offers more chance for breaches

Of course, the Cloud is a great technological development for businesses, allowing businesses mobile access to their corporate data and facilitating file sharing. However, with this new computing network comes further worry with regard to your business’ security.

When you store your data in the Cloud, you are relying solely on the Cloud provider to keep it safe, but is this enough protection? In a nutshell, no. You should also have additional backups in place to ensure that you will be able to recover your data if it becomes lost.

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