Protecting Your Data is More Important Than Ever

Data Loss and Disaster Recovery Statistics in Simple Words

In the digital generation, data has become a part of our businesses and personal lives. We depend on it for entertainment, information and communication. What happens, however, if that data is lost? Disaster recovery can help it. 

What is disaster recovery data? 

Data recovery is like security planning for your important digital stuff. It allows us to maintain or recover infrastructure and systems following the disaster. In simple words, it is to protect your data when bad things occur, such as natural disasters, cyberattacks, or system crashes. Suppose you have stored all essential data in a safe place. At that time, disaster recovery helps to store digital files, such as restoring all data like pictures, videos, and documents in your system. Even if something is wrong, it can fix it. When you store duplicate data, you can not lose it forever when trouble hits. 

 Data loss and disaster recovery statistics 

The cost of data loss

All businesses use a digital computer to fill in the data. Suddenly, losing data is not an inconvenience, and it is expensive to recover. A single data breach can cost a business, on average, $3.86 million. Any organization’s finances would suffer greatly from that. 

Small businesses at risk

Small businesses are especially vulnerable to data loss. 60% of small organizations close due to losing the data. It serves as an alarming warning of the value of data security. Remember, if you do small business, then you store data safely.  

The human factor 

The error does occur. It can lead to loss of data. 25% of data loss incidents happen due to human error. It shows the requirement for thorough data backup strategies. 

The rise of ransomware

Cybercriminals attack your system data. They encrypt your data and require a ransom for its release. Nowadays, this attack has increased by 65%. It can paralyze businesses and persons both.  

Times are of the essence.

Time is crucial in a data loss situation. Businesses that experience data loss for ten days or longer frequently declare bankruptcy within a year. A speedy recovery is crucial. 

Neglected backups

Only 28% of small and medium-sized organizations unexpectedly backup their data every day. The basis of data recovery is routine backups, although they often go unnoticed. 

Recovery confidence 

68% of IT experts are not confident in their company’s capability to recover after data loss cases. Even professionals have doubts regarding recovery. They need improvement to quickly recover data. 

Lack of testing

Testing is important when you use disaster recovery strategies. 30% of companies never test their backup and recovery procedures. If you do not test and use those strategies, it may fail when you need it most. 

Insider threats

70% of data loss when employees misuse the data. Providing proper training helps to reduce the chances of losing data.

Slow detection

An average data breach is discovered after 207 days. Attackers have the potential to do great harm during this time. Quick identification is essential to minimize the effects. 

Hardware failure

50% of data loss incidents cause hardware failure. Because hardware can fail, backup and duplication solutions are essential protections. 

Software malfunctions

Software and glitches hold 44% of data loss cases. You can prevent the losses by regular updating and monitoring. 

The survival rate

Companies take a regular backup and well-structured plan. Then, they have an 80% possibility of losing the data. Having a strategy can make all the difference.

These statistics on data loss and disaster recovery show how important it is to safeguard our data. Data loss affects individuals and small company owners. You may protect your data so that you reduce the possibility of data losses by taking actions like backups and training and having a strong recovery plan. Whether it is protecting your family or your business records, the need for data recovery in Rose Bay at ITechnology can not be overstated.