Cyber Attacks Can Cost Your Business
Data shows that cybercrime increased 600%
during the coronavirus pandemic, and small businesses are three times
as likely to be targeted over big business.
have found that an employee at a small business of less than 100 workers will experience 350% more social engineering attacks than an employee of a larger company.
As a result, targeted cyber-attacks cost small businesses
an average of $955,429 to restore normal business in the wake of successful attacks. In fact, just learning how a successful attack happened could cost a small company $15,000.
In addition, 40% of small businesses experienced eight or more hours of downtime due to a cyber breach. That lost time accounts for an average of $1.56 million in losses. Perhaps most concerning is data from the US National Cyber Security Alliance that shows 60% of small businesses that are victims of a cyber-attack go out of business within six months.
It is critical for businesses both small and large to have infrastructure in place to help alleviate the impact of a cyberattack on their operations, revenues, and long-term financial health. While cybersecurity remains an excellent prevention measure, data backup can offer a solution when those measures fail.
What Happens When I Backup My Data?
Data backup is the process of making copies of critical systems, application and product data, consumer files, business records, research, and other materials. When you utilize data backup tools for your business, all of your data is being copied to server that is either a physical flash drive or hard drive, or you are using Cloud servers. What kind of server you use can depend upon your needs.
Once an initial full backup is complete, companies that specialize in data backup will often perform multiple backup syncs throughout the day, without you ever having to lift a finger, to ensure that the most up-to-date data are available to users,
Offsite data syncing means that if your server does crash, the company servicing your business will provide you a device that can be used as a Virtual Server while they make the necessary repairs to your server.
Read on to learn more about types of servers, and which is the best fit for you and your business.
What Kind of Backup Server is Best for My Business Needs?
No matter what industry you're in, chances are your business produces a large amount of data daily in the form of application and product data, consumer files, business records, research, and other materials.
Based on your business' needs, the two most common kinds of servers used in data backup are cloud servers and onsite servers.
Both are viable options when searching for a data backup solution, but there are a few factors to consider when choosing a backup server that's best for your business.
Cloud server solutions are an excellent option for businesses that have a significant number of remote, or work from home employees. Storing data on a cloud server allows your employees to access the files and information they need anywhere, at any time. Cloud servers also tend to provide faster data backups, no matter where files are located-onsite or elsewhere.
For businesses that need large storage capabilities, onsite servers may offer a better solution because of their ability to store large amounts of data. Depending on your business' storage needs, cloud servers may not offer the amount of storage ability necessary for a backup. Onsite servers tend to have larger data storage capabilities that can be expanded when needed by adding addition onsite servers.
The costs of both server options also vary, with onsite servers being pricier up front, but providing more data storage in the long term; while cloud servers are typically serviced in a subscription format with a flat rate which is paid on a monthly, quarterly, or annual basis which is great for scalability.
Bottom Line: Holistic Cybersecurity Can Protect Your Business from Unseen Threats
Despite the growing risk of cybercrime against small business, almost half of small businesses have no understanding of how to protect themselves against cyber-attacks and just 14% of small businesses rate their ability to mitigate cyber risks and attacks as highly effective.
Don't be caught off guard by a cyber-attack, ensure your prevention measures are up to date, and use security programs like firewall systems, anti-virus and malware protection, periodic network assessments and regularly scheduled patch deployment to mitigate your cybersecurity risk.
Make sure your business is utilizing storage solutions whether they are onsite or on the cloud to protect your customers' data, private information and prevent your operations from shuttering should other security measures fail.
Ready to find the Data Backup Solution That's Right for Your Business?
Capital Office Products has over 25 years of experience in serving small businesses, churches, Fortune 500 companies, schools, medium sized work groups, and everything in between. We offer the most holistic cyber security services in SC.
Reach out to our team today to learn more about our data backup services and request an assessment today!