With today’s technology, it is easy to think your data is being safely backed up and stored somewhere. Assuming it is, do you know how to recover your data in the event of disaster like a fire or flood? What about in the event of a cyber security attack like ransomware or CryptoLocker? How long will your business be put on hold without access to critical files and systems before you can continue daily operations? You’d be shocked to see the dollar amount of costs that result from systems being down and inaccessible.

Think your business can get by without a Backup Disaster Recovery and Business Continuity Plan in place? Think again.

Here are some key points to help you understand the need for a proper BDR (backup disaster recovery) Plan:

1. 70% of small businesses that experience a major data loss go out of business within a year
2. 25% of production machines will have a failure this year
   • The older your equipment, the higher your risk
3. 24% of companies say they have experienced a full data disaster
4. Compliance regulations like HIPAA require backup, recovery, and continuity plans to be in place
5. PCI Compliance and financial data responsibilities are becoming stricter
6. Symnatec says CryptoLocker family accounts for 55% of all attacks
   • $400-$5,000+ to unlock your own files
   • 25-72 hour window to pay before your files remain encrypted and the key is destroyed
   • Millions of dollars lost beyond the cost of accessing your files

What are the costs of disasters?