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How Backup and Disaster Recovery Protects SMBs

Many SMBs operate with a sense of unrealistic optimism when it comes to data loss and disaster recovery. However, the reality can be quite different and can negatively affect your business if you’re not vigilant. As the rate of digitalization increases, so does the risk of data loss. Can your business afford a data-loss incident?

It doesn’t matter if data loss happens because of human error, cyberattack or natural disaster. It can have far-reaching consequences such as:

1. Severe downtime:

For SMBs, per-hour downtime costs vary from $10,000 to $50,000.1

2. Damage to reputation:

One-third of customers will end their association with a business following a severe data loss.2

3. Regulatory penalties:

Failure to protect data can draw penalties worth 2% to 4% or more of company turnover.3

4. Permanent closure:

Some businesses are unable to recover from an incident and close permanently.

Prioritizing backup and disaster recovery for your business is very important. A comprehensive backup and disaster recovery solution provides secure, uninterrupted backup and quick data recovery — with a cloud-based architecture that ensures the business runs seamlessly in the event of a disaster.

Key Terms Used in Backup and Disaster Recovery

The following terms will give you an idea about the type of actions and processes you should aim to implement within your business:

· Minimum Business Continuity Objective (MBCO)