Scary Stats On Business Disasters
A business disaster can be natural or manmade, malicious, or unintended. Fires, natural disasters, and hardware failures can impact business operations. Most businesses today rely on their business systems and IT networks to deliver goods and services to their customers and for all the internal business functions. Business disasters can also happen through malware, hacking, and other malicious activity from hackers. Once your business is hit, your operations could be totally frozen. Sometimes, business disasters can be the result of negligence or ignorance on the part of the users. Whatever the cause, a quick look at some of the statistics on business recovery should get you thinking about what you can do to protect your business.
Many businesses operate without any form of disaster recovery planning. Alarmingly, over 90% of unprepared companies get out of business within a year of a data disaster. On the flip side, of the companies with some form of disaster recovery plan and data backup, over 90% have been found to recover from ransomware attacks.
IT support firms in Washington DC can help you reduce the costs of a business disaster because recovery isn’t cheap. Significant business data and system disasters can lead to downtime, legal fees, lost business, and other recovery costs. Surveys have found that companies can lose as much as $100,000 from a ransomware attack on recovery costs and unplanned downtime. To add to this, more than half of the businesses questioned in one survey did not have the budget to recover from a cyberattack.
Data breaches and cyberattacks are rampant. Over half of businesses interviewed at a cybersecurity convention had been the victims of a cyberattack. Over 50% of breaches and data losses are believed to be caused by human error.
Capital Techies offers IT support in Washington DC to help prepare your business for what may come. There’s always a risk of doing business, but with our services, we can assess your current security, create a disaster recovery plan, and train your team. Contact us to learn more.