3 Startling Statistics About Data Loss and Recovery
Two of the scariest words in modern business are “data loss.” Despite the fear this phrase invokes, many businesses continue to operate under the assumption they are invincible. That’s because most business owners and IT specialists don’t understand the true cost of a data breach or disaster. Instead of learning the hard way, read about the truth behind disaster recovery.
60% of Businesses Will Close Within 6 Months
According to the National Cybersecurity Alliance, 60 percent of small businesses that experience significant data loss are forced to close within six months of the disaster. An incredible 72 percent fall by the wayside within two years.
93% of Affected Businesses File for Bankruptcy
The results from a similar study conducted by the British Chambers of Commerce shows that 93 percent of businesses that suffer extended data loss — longer than 10 days — file for bankruptcy within a year. Fifty percent file for bankruptcy immediately.
How to Protect Your Business from Data Loss – Have a Plan
In addition to the financial expenses related to data loss, a considerable amount of time and energy must be put into recovering your information. Data loss must be dealt with swiftly to avoid losing business, but without a plan in place, it can take much longer. By thinking ahead and protecting your business with a disaster recovery solution, you can avoid wasting unnecessary time, money, and energy.
Disaster recovery is about more than recovering data; it’s about protecting your business's livelihood. With these tools in hand, you can easily combat potential disasters. At Framework IT, we protect businesses through exceptional disaster recovery solutions. For specific information on how to reduce the threat of disaster recovery for your company, contact us today!