We live in a 24/7 global economy that is more dependent than ever on technology. Even the technology of small and medium-sized businesses (SMBs) houses sensitive digital data – employee and customer information, internal emails, documents and financial records, sales orders, and transaction histories. Not to mention applications and programs critical to daily business function and services.
Employees at SMBs require continuous access to the critical business data needed to meet the demands of the customers or clients they serve. They even want this access while they’re at home or on the go running errands.
To satisfy this demand, many companies and organizations now allow employees to BYOD (Bring-Your-Own-Device) and “do business” using their personal laptops, tablets, and mobile phones. The web, Wi-Fi networks and mobile devices While corporate-level data losses are well publicized, many SMBs mistakenly believe their data isn’t at risk. This mistake can prove to be a costly one.
WHY C-SUITE MANAGEMENT AT SMBS CAN NO LONGER IGNORE DATA LOSS
• Following a significant data loss, it is estimated that SMBs can lose up to 25% in daily revenue by the end of the first week.
• According to the National Archives & Records Administration in Washington, 93% of companies that have experienced data loss, and prolonged downtime for ten or more days have filed for bankruptcy within twelve months of the incident. 50% wasted no time and filed for bankruptcy immediately. 43% of companies with no data recovery and business continuity plan actually go out of business following a major data loss.
How quickly can your business be restored if critical data is lost? When was the last time backup processes were tested to ensure all data is recoverable and business operations are quickly restored?
• A survey conducted by Symantec SMB revealed that fewer than half of SMBs surveyed backup their data each week. Only 23% of those surveyed said they backup data every day and have a business continuity plan in place.
• The percentage of cybercriminal attacks targeting SMBs is fast rising. The vulnerabilities of naive small business owners have been noted, and hackers have now placed the proverbial bull’s-eye on these procedures in place prior to a disruption or data disaster, is the only way to get critical data restored immediately to the data center, minimize downtime, protect customer and client data and soften the impact of such events.
Data Security Threats Every SMB Must Be Aware Of
Human Error and Employee Negligence
Human error, by way of unintentional data deletion, modification, and overwrites, has become much more prevalent in recent years. Much of this is the result of carelessly managed virtualisation technology. Virtualization and cloud computing have enabled improved business continuity by allowing entire servers – including all data, operating systems, applications, and patches to be grouped into one software bundle or virtual server and subsequently backed up. The catch is humans must still instruct this technology how to perform, which is why so much of today’s data loss is linked to human error.
The complexity of these systems often presents a learning curve that involves quite a bit of trial by error. For example, a support engineer can accidentally overwrite his backup when he forgets to power off his replication software prior to formatting volumes on the primary site.