If a hacker steals millions of encrypted files, an automatically backed up database will be able to restore the data. If a disgruntled employee leaves company property with a hard drive, a simple restoration from cloud storage can retrieve the data.
Organizations that implement off-site, automatic data backup solutions that encrypt data at the file level can minimize their risk of loss. In addition, downtime caused by data loss impacts a company’s profitability, with just an hour of downtime costing larger enterprises around $700,000. Over half of companies that experience data loss go out of business within six months, and those that stay in business pay, on average, over $4 million to recover from a loss. Without secure file backups, the cost of data loss may be more than some companies can handle. Data breaches surged by 38% in the second quarter of 2021, and that number is expected to increase. Data BreachesĬompanies must be uncompromising when it comes to the security of their backup files. If the primary data’s storage location is damaged or destroyed by a natural disaster, the recovery process is next to impossible without remote backup solutions. For example, Hurricane Harvey forced staff to leave medical records behind when they evacuated medical patients.įires, earthquakes, and tornadoes can all leave an organization reeling. With the increasing occurrence of natural disasters, provisions for data protection are more important than ever. The following scenarios highlight the importance of using separate systems and locations in the event of data failure. Storing data copies in more than one format and location ensures operational recovery in the event of primary data loss or corruption. Without the right data backup solution in place, your files and information could be rendered inaccessible. Many on-premises solutions may not provide automatic cloud backup options, which can increase the risk of losing sensitive business data for good. This ensures that file corruption, user error, system failures, and other causes of data loss do not compromise an organization’s data security. Why Data Backup Solutions Are So Vitalīacking up files creates a copy of data for easy retrieval in the event of data loss. While cloud providers have responded to this concern by investing in controls to meet regulatory compliance and security requirements for highly sensitive data, many companies still use on-premises solutions. The world of finance and insurance is subject to national and industry regulations, and many institutions have clung to traditional backup architecture due to concerns about third-party data storage. Heavily regulated industries that handle sensitive data have typically relied on on-premises IT personnel to back up data and manage storage plans.įor example, some healthcare organizations spend as much as 64% of their IT budgets on local data backup hardware and the technician hours required to back up their data manually. While most organizations understand the importance of having a data backup and recovery plan, many continue to keep data backup servers on site, saved to a hard drive, or on other hardware storage devices. If that data is lost or destroyed, companies can face a host of negative consequences.
Every organization relies on the data it collects and generates to track key metrics and make important decisions to propel business growth.Ĭlient information, internal human-resources documents, and intellectual property are all housed on an organization’s hard drives and servers, in the cloud through a hosting provider, or through a combination of both.
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