5 Little Known Facts About Data Loss

If you’re like most business owners, data loss isn’t exactly the most exciting topic in the world of technology. We understand. We’d rather talk about iPads any day. So why have we had several tech tips and webinars covering the topic of data security this year? It’s because in the past year alone, we have seen a lot of businesses lose crucial data and thousands of dollars due to failed hard drives and insufficient backups. This data and money could have been saved by taking a few preventative (and affordable) measures.

According to the National Computer Security Association, 85% of business users are “very concerned” about losing important data, yet only 1 in 4 of them regularly backup their files.

If data backups really are important to you, read these 5 simple facts and arm yourself with the information you need to protect your business.

1. On average, it would take…

19 days and $17,000 to recreate just 20 MB of lost sales/marketing data
21 days and $19,000 to recreate just 20 MB of lost accounting data
42 days and $98,000 to recreate just 20 MB of lost engineering data

(Source: National Computer Security Association)

2. The average failure rate of disk and tape drives is 100%. All drives will eventually fail.

3. 7 of 10 small firms that experience a major data loss go out of business within a year. (Source: DTI/PriceWaterhouseCoopers)

4. 15% of all laptops are stolen or suffer hard drive failures. (Source: Gartner Group)

5. On average, half the amount of a company’s data resides on unprotected PCs and desktops. (Source: National Computer Security Association)