When your entire staff works out of a single office and all of your data is stored on PCs, laptops, or a server housed in that office how do you carry on after a disaster? Are you able to return to paper documents? Will you be able to provide that same level of service and keep your clients and customers?
Data Loss a Foregone ConclusionDisasters are always looming, but believe it or not they are not the top cause of data loss. Earthquakes, hurricanes, wildfires, power outages, the chances may be better in some areas than others, but at most will happen 1-2x per year. How many times do you drop your phone? Maybe twice per day. Delete the wrong file? Maybe a few times a week. Run out of battery? Maybe once a month.
Sources of Data LossBelieve it or not, human error is the number one cause to data loss, responsible for 75% percent of all data loss occurrences. Just recently, the Investment Industry Regulatory Organization of Canada announced the loss of financial information for 52,000 brokerage firm clients, due to the loss of a mobile device.
Rounding out the top 3 common causes of data loss, after user error, include:
violations of policy (can still be considered user error)
Internet-based threats, attacks and hacks
Here’s another eye opening stat, 90% of businesses lose sensitive data 3+ times each year, according to study by ITPolicyCompliance.com (ITPC). That includes customer data, financial data, corporate data, employee data and even IT security data. If you’re lucky to be in the 10% that only experience 2 losses a year you have multiple IT backup solutions, redundancies, and security protocols racking up enormous costs.