Many Kansas City businesses operate with a sense of unrealistic optimism when it comes to data backup and disaster recovery. However, the reality can be quite different and can negatively affect your business if you’re not vigilant. As the rate of digitalization increases, so does the risk of data loss. Can your small to mid-sized business (SMB) afford a data-loss incident?
It doesn’t matter if data loss happens because of cyberattack, natural disasters, or human error. It can have far-reaching consequences such as:
- Regulatory penalties:
Failure to protect data can draw penalties worth 2% to 4% or more of company turnover.
- Damage to reputation:
One-third of customers will end their association with a business following a severe data loss.2
- Severe downtime:
For small to mid-sized businesses, per-hour downtime costs vary from $10,000 to $50,000.1
- Permanent closure:
Some businesses are unable to recover from an incident and close permanently.
Prioritizing backup and disaster recovery for your business are very important aspects of data and cybersecurity. A comprehensive backup and disaster recovery solution provides secure, uninterrupted backup and quick data recovery – with a cloud-based architecture that ensures the business runs seamlessly in the event of a disaster.
Key Terms and Strategies
The following terms will give you an idea about the type of actions and processes you should aim to implement within your Kansas City business:
- Recovery Time Objective (RTO)
RTO is the time it takes before employees can start working after a data-loss event. It’s usually measured in minutes.
- Recovery Point Objective (RPO)
RPO is the amount of work that can be lost and will need to be done again after a data-loss event. It’s usually measured in seconds.
- Minimum Business Continuity Objective (MBCO)
MBCO signifies the minimum level of output needed after severe disruption to achieve business objectives.
- Maximum Tolerable Period of Disruption (MTPD)
MTPD is the duration after which the impact on a business caused by minimal or zero output becomes intolerably severe.
Having an effective backup and disaster recovery solution provides several benefits. Here are the top six:
- Recover quickly.
It doesn’t matter how disaster strikes. What matters is how quickly your business bounces back. A good backup and disaster recovery solution helps you get up and running as soon as possible.
- Safeguard sensitive data.
If your business handles sensitive data like Personally Identifiable Information (PII), measures should be taken to ensure it never ends up in the wrong hands. Safeguarding all critical data can build your business’s reputation and prevent regulatory penalties.
- Minimize the impact of a cyberattack.
With the rate of cyberattacks going through the roof and with SMBs being a constant target of attacks, it is essential to have a robust backup and disaster recovery solution to protect your business.
- Tackle system failure.
Unexpected system failure can lead to downtime if you don’t equip your business with backup and disaster recovery.
- Stay protected against natural disasters.
Natural disasters hit when we least expect and leave so much damage and loss in their wake. While it’s impossible to stop a natural disaster, you can ensure your data is protected and take the necessary measures to prevent downtime.
- Reduce the impact of human error.
From accidental or intentional mis-delivery or deletion to corruption of data, employees can pose a security threat to your business. Deploying backup and disaster recovery is, therefore, crucial. You must also train your employees on the difference between acceptable and unacceptable behavior.
Deploy Data Backup and Disaster Recovery Today With Onsite Logic
Remember, it’s your responsibility to protect your Kansas City business from data loss and its chaotic aftereffects. If you can’t handle this alone, don’t worry. We’re here for you. With our data security and disaster recovery solutions, we can help build a resilient strategy to protect your business against data loss and give you much-needed peace of mind in the event of a disaster. Don’t hesitate to reach out and get started today.
- IDC Report
- GDPR Associates