Disaster recovery planning (DR) is an essential component of security planning. DR plans guarantee business continuity, so it’s only natural that these systems are often known as business continuity and disaster recovery (BCDR) solutions. BCDR solutions aim to minimize the damage that could be done to an organization or business. It’s put in place along with a strategy for maintaining company operations.
Disaster recovery planning (DR) is an essential component of security planning.
DR plans guarantee business continuity, so it’s only natural that these systems are often known as business continuity and disaster recovery (BCDR) solutions.
BCDR solutions aim to minimize the damage that could be done to an organization or business. It’s put in place along with a strategy for maintaining company operations.
Hackers, viruses, or natural catastrophes and accidents don't discriminate. Effective data backup and disaster recovery (DR) strategies are essential for any organization that wants to avoid data loss, excessive costs, and lengthy periods of downtime. The following are five compelling arguments in support of maintaining a data backup and disaster recovery plan:
Every year, the staggering cost of data being lost is estimated to be $1.7 trillion. Just in the past two years, there has been a 400 percent rise in the amount of data that has been lost. The average cost of a small data breach is between $18,120 and $35,730, while the average cost of a major data breach (more than 100 records are lost) is between $5 million and $15.6 million
Regardless of its size and scope, every business is vulnerable to cyberattacks, regardless of the type of service or product it provides to its customers. (Take the Microsoft Exchange Server hack in 2021 that happened despite taking every necessary security measure); the compromised data included 30,000 reputed companies that used Exchange Server. Hackers, ransomware attacks, viruses, and accidents don't discriminate. They may target your company for various motives, including revenge, data theft, or just because they can.
Hardware problems and human error are the most common causes of data loss rather than natural disasters. This indicates that losing the data you saved is relatively simple.
Losing data causes downtime since employees can't work without it. A lack of data about your customers' accounts and contact information can make it impossible to handle or work without your mission-critical business apps. Without a reliable recovery solution, your efforts to restore the system will automatically transition into efforts to rebuild the system.
Downtime and data loss will undoubtedly affect how other stakeholders see your company and the nature of their connection with you. Your company may suffer substantial setbacks due to a damaged reputation, particularly if stakeholders do not believe they can trust you with their data.