Could your business survive a ransomware attack or loss of data?
Last week we told you about every company's single most valuable asset - it's employees - but coming in a close second is a company's data. From the irreplaceable documents and reports you store on your server to the invaluable customer information you've collected, data is at the heart of modern business, so protecting your data should be of utmost importance to any company.
Unfortunately, many companies still underestimate the value of data backups. In fact, in a survey conducted by CloudBerry, only 36% of respondents said they back up their business data completely, while 49% said they have only a single backup of their business data and 27% have lost business data on multiple occasions due to poor backup practices.
Another concerning finding regarding data backups is that 42% of respondents claim to only backup their data "from time to time," despite the threats of ransomware attacks that have proven to take down companies on a large scale in recent months.
So while companies recognize the importance of their data, a surprising number of them are not adequately protecting data via data backups and disaster recovery plans. And for the average business owner it's easy to understand how creating a backup and recovery plan could seem like a daunting task. Maintaining the staff and hardware to adequately protect your data on site can get expensive, and if your business requires you to be compliant with government standards it adds another level of difficulty to your backup plans. But there are a number of solutions available to companies looking for data reliability and security.
As more companies are moving to cloud-based infrastructures, it makes sense to engage in automated, cloud-based backups as well. By automating the process, companies can reduce the risk of human error and utilizing cloud technology can protect your data from a ransomware attack directed at your physical office.
Having a cloud-based backup allows companies to store data on redundant systems with multiple copies to minimize the risk of data loss. And utilizing remote data centers provides multiple layers of security by service providers who keep the servers up to date with the most recent software and security patches. Most of these cloud-based solutions also provide compliance for standards such as HIPAA and FERPA.
Among the cloud-based solutions, there's also what's known as Hybrid Backup. This solution gives you the speed of local recovery when needed, but also provides the security of cloud backups for disaster recovery scenarios. By keeping a local backup on a server stored at their facility as well as an offsite backup in the cloud, companies can ensure that if a local system encounters a hardware failure, they can easily restore data locally, while a company-wide ransomware attack won't take out the data stored in the cloud.
Does your company have a backup and disaster recovery plan? If you're one of the 42% who only back up data from time to time, or if recent ransomware attacks have you rethinking your data recovery plans, Spud Software is here to provide you with backup and recovery solutions. And if we are engaged in your business management system or data storage solutions already, you can rest assured that Spud Software is on top of data backups to protect you and your second most valuable asset.