Some Statistics

Surveys of IT leaders found that incidents which resulted in data loss have exponentially increased, calculating combined business losses of $75 billion per year due to network downtime and data loss. The FBI suggests ransomware payments exceed $1 billion.

Even modest security breaches impacting a few files, which many small businesses suffer from, can have a significant effect. A report from Verizon found that little intrusions, which involve the loss of fewer than 100 files, can cost your company any were between $18,000 and $35,000. Unless you’ve got that kind of money to throw in a preventable problem regularly, then it is time to implement an effective backup plan.

Ransomware / Malware / Hackers and the need to have a working, protected, restorable , recent backup

     Another threat that keeps growing exponentially across the world is that the spread of ransomware. When your business gets attacked with ransomware, you will be locked out of your network, without access to all your data, until you pay a ransom to hackers, usually with a crypto-currency like Bitcoin.

     No American business is beneath the radar from this form of attack. Entire cities, small and large business have seen their business operations halted by ransomware attacks, ransomed for thousands, if not for hundreds of thousands of dollars. For criminals based in less developed countries in Western Europe, Asia, and Africa, a few hundred dollars represent a considerable motivation.

     The most significant attack to appear on the news was one of the Baltimore City government in May 2019, affecting Real State prices and costing the city and taxpayers untold amounts. As a result of their lack of security, small companies are often the prime targets for ransomware attackers. With a safe backup of your system, you can help avoid paying the ransom and restore your data to a point in time before ransomware encrypted all your business data

     Keep in mind that while having a server backup for your small business is highly important, it is also crucial to make sure hackers do not get access to encrypt, corrupt and preemptively destroy your backup to diminish the chances of recovery. Hackers will make sure to destroy both backups and shadow copies (operative system level backups or versioning system ) in an attempt to minimize the your chances of a speedy and successful system recovery. 

     We have compiled an IT security guide for you that covers the most critical aspects of business cyber security for 2020 make sure to read it and combine both backups and cyber security measures.

     Backups help you reconstruct your network no matter what happens. Otherwise, you can lose critical data like customer financial documents, product info, payroll data, mailing lists, and business plans. If a virus begins destroying your system, failure to restore your information from a clean backup can leave you with zero productivity that can last days or longer, destroying customer confidence in the business.

Sometimes, it’s not because of hack attacks or malware but data corruption. Backups help you return in time before you experienced network difficulties and quickly restore your network.

It is not too far fetched to say that even one episode of significant data loss can mean game over for your business. Backups ultimately permit you to focus your business efforts on what produces value to your customers instead of always being at risk of the next network security disaster.

With cost-effective backup strategies available from specialist managed IT service providers such as Zoltis Technologies, there’s just no reason your business should go without a regular backup policy.