Many businesses that face a major natural disaster never reopen or are forced to close within two years. Many businesses that face a major fire fail within a year, and more fail within three years. Many businesses that face a data loss for 10 days or longer go into bankruptcy immediately or within a year. This information came from the American Veterinary Medical Association (AVMA), but certainly applies to all types of organizations. Their article, “From data loss to explosions: how practices can prepare for disasters,” addresses the same challenges of safeguarding data that everyone faces.
The consequences of data loss are dire. There is a silver lining, however. As more companies are starting to take disaster recovery seriously, a majority are putting in the hard work towards preventing a data security breach.
Data volume has been growing exponentially, dramatically increasing opportunities for theft and accidental disclosure of sensitive information. Taking steps to prevent the disaster and planning for recovery if it does happen, makes all the difference.
Melody K. Smith
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