Disaster Recovery Plan

Some stats on disaster recovery

If you’ve ever known disaster, whether it be natural or cyber, you know just how serious it can be. Obvious causes include storms that inflict on-site damage or malicious attacks, but even user error can trigger disaster at a moment’s notice. Regardless of how your business conceives of these threats, the cruel fact remains: 93% of companies without a data recovery plan face closure within a year of a major disaster.

According to phoenixNAP, over the past five years, half of all businesses have weathered a downtime event longer than a full working day. The most common causes are:

  • 45% - hardware failure
  • 35% - loss of power
  • 34% - software failure
  • 23% - external security breaches
  • 20% - accidental user error

According to DataCore, for the businesses that experienced a downtime event, only half were confident they could restore 100% of their data. Smaller and medium sized businesses face greater fallout from these disasters, often because they have fewer IT staff, and a smaller portion of funding allocated towards technology resources.

Reports have also found that 75% of small businesses do not have a disaster recovery plan in place, creating a huge liability for an already overtaxed budget. Given the tremendous cost associated with data recovery, roughly $100,000 per incident, small businesses face a more arduous recovery process.

Keep in mind that 1 in 3 businesses reported a virus or malware attack in the last five years. Also, 58% of businesses breaches in the last 12 months have been due to viruses and malware and only 2% of businesses were able to recover from their latest security event within an hour.

Fortunately, the majority of these problems are avoidable through strategic planning. 96% of companies with thorough disaster recovery and data backup plans were able to avoid the fallout from ransomware attacks. By leveraging a resource such as TimbukTech, your company will have the benefit of:

  • Disaster recovery
  • Retention and reporting
  • Data backup and restoration
  • High availability and shared storage
  • Infrastructure design and architecture

If you're looking to outfit your business with affordable, enterprise protection, contact a TimbukTech expert today.