According to the UK Department for Digital, Culture, Media & Sports’ Cyber Security Breaches Survey 2022, 39% of UK businesses mentioned cyberattacks and breaches in 2021. The average cost of cyberattacks for large and medium-sized companies was reported to have increased to £19,400, with one in five disclosed to have been adversely affected. Regardless of their size or industry, organizations cannot avoid cyber security and data breaches. It just depends on when it will occur and how well you are prepared.
Data recovery: What is it?
When you experience data loss brought on by unforeseen events like system problems, data hacks, malware, or even human errors, data recovery entails storing your crucial data safely and having the capability to restore clean, undamaged replicas. Data recovery can be done in a number of ways. However, the majority of companies now make investments in cutting-edge, reliable cyber resilience software or data recovery software R-Studio that offers quick recovery options that help minimize downtime and save money.
5 Ways That Data Recovery Services Can Help Your Business
Data loss and cyber security breaches can occur to any organization, at any time, for a variety of reasons. Many companies use a variety of strategies to reduce cyber threats, including training employees and increasing awareness, adhering to governance methods and policies, purchasing cyber insurance, developing risk management plans, etc. But having a recovery strategy is equally important, if not more so. Only using preventative measures is insufficient.
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All businesses, regardless of size, need to have a data recovery plan and procedures ready that safeguard all acquired critical data and aid in getting them back up and running quickly.
The following are the top five reasons why your company needs a solid data rescue plan and a quick fix on spot:
- Security & Upholding Brand Image
The number of security breaches and thefts has increased over the last few years as sophisticated cybercriminal attacks have persisted. No organization risks losing crucial data, which can result in identity theft and data leaks, costing them a lot of money, harming their brand’s reputation, and costing them customers.
A solid data recovery plan and solution can help organizations get ready completely. Businesses will be able to carry on with minimal interruptions thanks to a secure and rapid recovery process.
- Dependable and Clean Data Replication
Businesses need to have a solid data recovery plan in place, as well as an established software program that supports data replication. This enables businesses to recover clear, unaltered copies of trustworthy data, enabling quick recovery without having to endure expensive downtime and contributing to resource conservation.
- Competitive Benefit
You have a competitive advantage over your rivals if you have a proven data recovery solution. Businesses that experience data breaches and cyberattacks experience downtime. They lose hundreds of thousands of customers as a result of those customers switching to other operations and maintenance organizations that can guarantee the security of their data.
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The Works’ 526 stores had to be shut down after a hacker gained entry to their computer networks, which resulted in downtime for the company and happy customers making purchases from rivals. This is the most recent instance of this.
- Saving Money on Fines
According to reports, a cyberattack happens every 11 seconds, and in 2021, the average cost of one was $13 million, making it impossible for organizations to avoid them. When businesses are poorly prepared and ill-equipped, cyberattacks can become more and more damaging.
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Businesses can avoid costly fines and get ready for a changing threat landscape and highly skilled cybercriminals by integrating a sophisticated data recovery alternative that can store data securely and protect it from suspicious cybercrime.
- Upholding Compliance Requirements
Organizations are required to securely store any data they obtain from clients, staff members, business partners, and third parties in accordance with the data privacy regulation. If you don’t, you risk receiving a very large fine.
Every organization is required to implement all of the fundamental cyber security measures, including reviewing backups and having a recovery plan. Organizations can be sure to adhere to and follow cyber security standards by having a solid data recovery strategy and dependable recovery software.