As the value of business data continues to grow, it’s becoming more and more important to have an IT disaster recovery plan in place. But, unfortunately, it can be hard to get stakeholders in your company to invest in developing an IT disaster recovery plan – especially if they would prefer to spend their budgets elsewhere.
But IT disaster recovery is no longer optional. It’s absolutely essential for the survival of your business, and in the following article, we’ll show you 4 scary statistics that prove how important a Disaster Recovery Plan (DRP) truly is for your business.
Table of Contents
- 1 1. Cyber attacks And Hacks Are Becoming More Common Every Day
- 2 2. 60% Of Hacked Businesses Go Out Of Business Within A Year
- 3 3. 40% Of Businesses Affected By A Natural Disaster Will Never Reopen Their Doors
- 4 4. Nearly Two-Thirds Of Small Business Lack Any Kind Of IT Disaster Recovery Plan
- 5 Invest In An IT Disaster Recovery Plan – Don’t Become Another Statistic!
1. Cyber attacks And Hacks Are Becoming More Common Every Day
According to Accenture, there were over 130 large-scale data breaches in America in 2017, and the number of cyberattacks is growing by 27%, year-over-year. In addition, around 31% of all companies surveyed by Cisco reported being affected by a cyber-attack within the last year.
Criminals are realizing how valuable corporate data truly is – and they are doing everything in their power to reach your IT systems, and steal your data. If you don’t have a plan in place to protect yourself – and to recover if your systems are attacked by malware or ransomware – you’re putting your business at risk.
2. 60% Of Hacked Businesses Go Out Of Business Within A Year
According to a recent study by Inc., around 60% of businesses that suffer a cyber attack will go out of business within a year. If your business is not prepared for a cyber attack, the data loss caused by a hack or a data breach can seriously compromise your corporate data – and drive you out of business.
That’s why it’s so important to have an IT disaster recovery plan in place. Using advanced firewalls and anti-virus systems, you can protect your data – and with proper data backups and protocols for locking down your systems when an attack does happen, you can recover all of your data within a few hours – and be back up and running in no time.
3. 40% Of Businesses Affected By A Natural Disaster Will Never Reopen Their Doors
Cyber-attacks aren’t the only threat that faces small-to-medium-sized businesses. 40% of all businesses affected by a natural disaster never reopen their doors to the public again.
Natural disasters can be just as damaging to your company – and even more sudden and unexpected. If you do not have off-premises data backups and a plan for restoring your critical systems, you may be blindsided by a natural disaster like an earthquake or a tornado, or even a fire or a flood.
While your insurance company will likely compensate you for damaged or destroyed equipment and facilities, they cannot restore your data – or your IT infrastructure. If you don’t take proper steps to protect it, this data will be lost forever.
4. Nearly Two-Thirds Of Small Business Lack Any Kind Of IT Disaster Recovery Plan
According to a study by Nationwide Insurance, 68% of small business owners in America have no written DRP – despite the fact that 49% of surveyed business owners said that it would take their business at least 3 months to recover from a disaster.
This means that, most likely, your competition doesn’t have any kind of plan in place for recovering from a disaster – whether it’s a man-made disaster like a cyber-attack, or a natural disaster.
By implementing your own IT DRP, you’ll be able to stay ahead of the competition – and make sure that, even if the worst does happen, you’ll be able to recover quickly, and get back in business.
Invest In An IT Disaster Recovery Plan – Don’t Become Another Statistic!
Creating an IT disaster recovery plan is very affordable, and if you hire a professional disaster recovery partner, you can develop a safe and effective plan quickly – and ensure that you’re protected from any kind of disaster. So don’t wait, and don’t put your business at risk. Invest in an IT DRP today!
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