With the right tools, planning, and training, you can protect your data. The solution is to create and implement a data backup strategy. If they feel their data is not safe with you, they will take their business elsewhere. I am talking about the faith and trust of your customers. The other price may be something irreplaceable. These expenses, as high as they are, only tell part of the story. Many companies do not have that kind of money to spare. Research shows that, on average, companies pay $7 million to recover from a loss. Studies show that 45% of all unplanned downtime is caused by hardware failures, while 60% of IT professionals say that careless employees are the most significant risk to their data.Īll of these risks can cost your company money and, without an adequate backup system in place you could lose everything.Įven if your company manages to survive a data loss, it could be costly. Viruses and malware that attack your hardware can destroy it, but these are just some of the most dominant threats. It is estimated that 60% of companies that experience data loss close within six months.Īlternatively, you could be at risk of losing data permanently. The average cost of a breach is seven million dollars as of 2019. Losing data can not only put your customers’ data at risk but also have a significant impact on your credibility.
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That is if you have implemented a backup strategy to protect your business’s information. When that happens, you will not have to worry about permanently losing data. Hackers spend their time finding ways to get around it. Sooner or later, they will.
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#MEMEO INSTANT BACKUP SAYS NO BACKUP PLANS TO RESTORE FOUND SOFTWARE#
It is not enough to have basic protections like anti-virus software to protect your valuable files. Cybersecurity is not something to be taken lightly by businesses.