Business continuity planning is unnecessary and expensive. We’ll just deal with the downtime when it happens. 

Does this sound like your philosophy? Consider this: according to the Ponemon Institute, downtime can cost you up to $17,244 per minute. Businesses spend millions each year mitigating and cleaning up after unplanned downtime – all because they failed to set up a business continuity strategy before a disaster struck.  

To assess the gaps in your strategy – or figure out where to start – here are five questions to ask: 

How often is your data backed up, and where?  

Between one-third and one-half of all businesses fail to back up their data, leaving them vulnerable to critical data loss and downtime. In a strong business continuity strategy, data should be backed up a minimum of once a day and routinely checked to ensure that it’s being stored correctly. Backing up data to an off-site location also ensures that it survives even if your local hardware fails or sustains damage in a natural or manmade disaster.  

How quickly can you retrieve lost data from a backup? 

Backing up data is only part of the equation – you also need to know exactly how to retrieve it to keep your business running at full capacity. Whether your backup is on-site, off-site or in the cloud (or a combination), you or your IT partner should be able to pinpoint which data is critical and funnel it back to your team within minutes – not days or weeks. This means creating a hierarchy of importance for your data and assigning authorized personnel to relevant files ahead of time. 

Are you protected against a range of cyber threats? 

If off-the-shelf antivirus software is the beginning and end of your cybersecurity strategy, you’re opening yourself up to a host of new, more dangerous threats. After all, would you rather recover from a cyberattack or prevent one in the first place? Staving off cyber threats requires a comprehensive solution that battles viruses, malware, ransomware and more – and keeps up with new and emerging software that can harm your business. 

How long would it take you to discover a breach? 

Have you ever received an email from a company that your account information was breached – three years ago? Even major enterprises can take months or years to realize that the data in their care was compromised. Strong firewalls and 24/7 systems monitoring can help you identify a breach in progress to mitigate the damage, protect your customers’ data and avoid extended, expensive downtime. 

Where will your employees work if your office is inaccessible? 

Whether you experience a power outage or a natural disaster like flooding or fires, there will be times when your employees are forced to work outside the office. To maintain business continuity, you’ll need to set up a secure, remote work environment that your team can access from home or any location with an Internet connection. Additionally, you need to ensure that your employees can access business-critical data and applications from laptops and other mobile devices. 

StoredTech provides enterprise-grade business continuity solutions to help you store data securely, deflect cyberattacks and maintain your operations during and after a disaster. Contact us today to strengthen your business continuity strategy and be prepared for anything.