If you don’t have protections in place against data loss, you could find yourself out of business due to a data loss disaster. Yes, that’s a worst-case scenario, but other consequences of data loss are pretty nasty.
Here are three common problems that small businesses face as a result of data loss:
The number one culprit of data loss is the inability to continue normal operations. Downtime is any circumstance where your staff cannot perform their work, and it costs you money and hurts your business. You’re losing money due to lost opportunity before you even consider how much you’ll have to spend to fix the problem. The longer the downtime, the more your business suffers.
When you’re losing data, it’s an emergency. Your data storage solution may have been taken over by an external threat; a hacker or some type of virus or malware. Data breaches can expose sensitive information; personal, medical, and financial information, so if you suspect data leakage of any kind, you need that fixed immediately.
Would you do business with an organization known to have had several data breaches? Would you let a company like that handle your sensitive data? If you were that company, would your customers and clients still trust you with important data, like credit card numbers?
Why should they trust your business with their data if you can’t even take care of your own? It’s harder to repair a reputation than it is to build one, so it’s best to safeguard your credibility.
We hope you never experience data loss, but you should be prepared in case it happens. To learn more about how to keep data loss from being the end of your organization, call us at (973) 882-4644.