When you entrust your business data to a cloud-based platform, you expect it to be safe and sound. However, most cloud platforms like Microsoft 365, Google Workspace and Salesforce acknowledge their backup shortcomings and recommend having an additional backup and recovery solution for your cloud-based data.
Data loss is a genuine threat to all businesses. Not only can it cost a lot of time, money and other resources to fix, but it can also be a huge pain to deal with when you have other pressing business matters to handle. While there are plenty of reasons data can be lost, such as hardware damage, software malfunctions and natural disasters, the most frequent cause is something as simple as human error.
Your data is essential for your business's success. There’s no doubt about it in the modern digitized era. However, not having a backup for your cloud-based service provider can result in the loss of this valuable data.
This is where the confusion begins because you must now decide how to back up your data.
A cyber incident is a type of security event that can harm a business like yours. Ranging from data breaches and system failures to malware attacks and phishing scams, these incidents can hinder productivity, revenue growth and customer satisfaction.
In most cases, a cyber incident will result in data loss or downtime.
As a small business owner, you may think you are “too small” to be the target of cybercrime because you aren’t a large, multimillion-dollar company. However, this couldn’t be further from the truth. Although the media mainly focuses on attacks on big businesses, small businesses are low-hanging fruit for cybercriminals.
The number of organizations that face cybersecurity hacks is growing every single day. In fact, according to ID Agent, 36% of organizations surveyed suffered a serious data security incident such as a cloud data breach in the past 12 months. The method that cybercriminals use to hack is becoming more and more sophisticated.
Business leaders need to make sure that they cover the basics when it comes to managing risk in their businesses. You do this with cash, sales and key staff members, so why would you not do it with one of your most critical assets – your computers, networks and IT systems?
But managing risk is hard and uncomfortable.
In 2017, Hurricane Maria unleashed a fury of destruction in Puerto Rico that had never been seen in the island’s recorded history. Almost 3,000 people died in the storm and its aftermath, making it the deadliest Atlantic hurricane since Mitch in 1998.
“I was in Atlanta but it was still a traumatic experience both on a professional and personal level,” said Janyra Perez.
How one simple administrative control could save you thousands from fake email scams
Your finance team is under attack. And if they are not prepared, your business could fall victim to the $12 billion email scam. That’s how much the FBI estimates has been stolen from U.S. companies in the past five years as a result of phishing attacks and business email compromise (BEC).
BEC is a tactic used by cybercriminals to steal the credentials of executives and C-suite personnel within a company.
Data is valuable to businesses. It is literally customer information that your business needs for its continuity. Statistics show that 58% of small businesses are not usually prepared for data loss. In other reports, 60% of the companies that lose their data do not survive six months after the incident.
