93% of organizations without a Disaster Recovery plan (DRP) who suffer a major disaster go out of business within one year. Yet, still 75% of small businesses have no DRP plan in place. Is your business prepared for the worst?
10 Startling Disaster Recovery Statistics
- Only 5% of disruptions are caused by natural disasters.
- Instead, hardware failure is the #1 cause of data loss and downtime.
- 45% of disasters are caused by hardware failures.
- 54% of organizations have experienced prolonged downtime.
- Business downtime costs between $10k to $5M per hour.
- 40%-60% of small businesses never reopen after a catastrophe.
- 90% of businesses fail if they don’t reopen fast enough after a data loss incident.
- 96% of organizations with a trusted DRP can survive a ransomware attack.
- Human error is the number one cause of security and data breaches.
- Less than 50% of organizations have annual cybersecurity training for their employees.
While these statistics can be daunting, the solution is simple. Having a DRP in place can save your business. A typical plan is outlined below.
- Designate Your Disaster Recovery Team – The first step of a successful plan is having the right people in place, which includes employees in your organization and the vendors you choose.
- Define Your Objectives – Then, start by identifying your mission-critical data and functions. By creating a hierarchy, you can define which most critical systems should be recovered first and in what order.
- Choose a Recovery Model – Next, choose a recovery model that makes the most sense for your business, whether that’s cloud-based, file-based or a full system recovery. There are several options to choose from.
- Choose a Secondary Site – A good plan also includes having a secondary recovery site where business data, assets, applications, and people can be moved to during a disaster to safely resume business.
- Test and Test Again – Testing is critical for a successful DRP. You do not want your plan to fall during the event of a real disaster, so it is vital you routinely test during the year.