5 Reasons Businesses Don’t Back Up Their Data (And Why They’re Nonsense)

For most companies, backing up their data is no longer a “just in case” precaution – it’s a necessity. Data is crucial to your business operations, and there are as many ways to lose it as to use it. Despite this, 46 percent of small and medium-sized enterprises have no backup and disaster recovery plan in place. 

Here are five myths about data backup and disaster recovery, and why they’re hurting your business: 

     1. “Data loss won’t happen to us.

Data loss doesn’t just come from a catastrophic attack. It can be the result of external security breacheshardware and software failure, loss of power, data corruption and accidental user error. Your business is susceptible to all of these factors, and without a data backup strategy, any data you lose could be severely damaged or irretrievable.   

     2. “Our business can easily survive a data disaster.” 

The harsh truth is that most businesses don’t survive a data disaster. In fact, 60 percent of small to medium-sized businesses go out of business within six months of losing data, with 93 percent going out of business within one year. If you do manage to recover, you’ll do so at much greater expense and headaches than a company with a backup and disaster recovery plan. 

     3. “We already have protection.” 

While your off-the-shelf software programs can protect against minor incidents, they don’t do much against more sophisticated attacks. Malware can successfully bypass up to 94 percent of antivirus software, and your anti-spam email filters often can’t hold up to a targeted malware attack. Reliable data protection requires enterprise-grade solutions tailored to your unique needs.  

    4. “There’s no money in the budget. 

The cost of data loss varies wildly, depending on the importance and sensitive nature of the data  but according to Verizon, data breaches that affect fewer than 100 records come with an average cost between $18,120 and $35,730. That’s not counting the costs of recovery, loss of productivity and noncompliance with federal regulations. The old saying is true: an ounce of prevention is worth a pound of cure. 

    5. “We don’t know how to back up our data.”

Maybe you’ve been delaying a data backup and disaster recovery plan because you don’t know where to start. Fortunately, you don’t have to figure it out alone. StoredTech provides enterprise-grade data backup and disaster recovery solutions for storing mission-critical data. Contact us today to find the right plan for you.