Experts estimate that humans produce 2.5 quintillion bytes of data every day. That is an enormous amount of information.
However, a poor backup strategy can wipe out all—or significant portions—of your data in a single click. From accidental deletions and malicious attacks to natural disasters, there are many ways your business data can be lost. This makes having a robust Backup and Disaster Recovery (BDR) solution an essential part of any business.
When critical data is permanently lost, the consequences can be severe.
Some of the most damaging aftereffects of data loss include:
Companies affected by incidents experience an average of nearly 200 hours of downtime per year.
Almost one-third of customers end their relationship with a business following a major data-loss incident.
Penalties vary by industry and regulatory body but can reach millions of dollars in fines and legal costs.
Regardless of your business size, industry, or location, it is your responsibility to implement an effective backup and disaster recovery strategy. Let’s look at why BDR is critical in the following industries.
Data loss in healthcare can lead to severe consequences, including:
HIPAA fines can range from $100 to $50,000 per violation, with a maximum penalty of $1.5 million per calendar year for continued negligence.
Alarmingly, the healthcare industry was the most targeted sector for cyberattacks in 2020, making backup and disaster recovery absolutely critical.
A robust BDR solution is vital for the growth and survival of financial institutions.
Financial organizations must comply with regulations and oversight from:
All of these authorities highlight effective backup and disaster recovery as a mandatory requirement. A strong BDR strategy also ensures business continuity, protects employee productivity, and helps customers quickly regain access to essential financial services after an incident.
The hospitality industry often generates large volumes of sensitive data but typically invests less in backup and disaster recovery compared to other industries.
In today’s digital world, customers frequently check online reviews—even for a one-night stay. A single data breach or service disruption can severely damage a hotel’s reputation.
Critical data such as credit card information and Personally Identifiable Information (PII) must be protected to avoid customer dissatisfaction and regulatory penalties. This makes backup and disaster recovery an essential component of hospitality operations.
Avoiding data loss is vital for your business to survive and thrive. Partnering with the right BDR provider ensures you maintain control over business-critical data and recover quickly from unexpected events.
If you’re unsure where to start, we’re here to help. Our BDR expertise can keep your business running smoothly—without being caught in the whirlpool of data loss.
Contact us today to learn more.
