Data is the lifeblood of business. It enables you to identity new trends, develop new products, manage marketing efforts, find new customers, ship goods efficiently and improve customer services. Data allows you to make informed business decisions, solve problems and streamline processes. Without access to timely data, you are nowhere. Nevertheless, many businesses choose to neglect their data backup services. When was the last time you checked your data backups?
New ransomware threats
Cyber-criminals understand the value of business data. In the first half of 2020, the UK experienced a 20% increase in ransomware attacks (5.9 million).1 Ransomware attacks are also becoming more sophisticated. Once upon a time, ransomware held local files and folders hostage using encryption, and demanded a ransom to release them. Having your data backed up to a NAS (network attached storage) device meant you could outsmart the cyber-criminals by restoring your data rather than paying a ransom. Nowadays, new families of NAS-targeting ransomware are increasing.2
Three simple rules
Relying solely on NAS storage for backup has other disadvantages other than being a target for new forms of ransomware. If your office building catches fire, floods or collapses then you might lose your backup data too. At Modern Networks, we advise our customers to follow the Rule of Three when it comes to data backup. Ideally, you should keep three copies of your data. You should save your data on at least two different types of storage media. You should keep one copy of your data offsite, usually in the Cloud.
Data backup restoration tests
Surely, backing up your data three times is safeguard enough for anyone? Well, yes and no. It’s not enough to simply backup your data and hope for the best. It’s critically important to regularly test that your backup systems are working properly and your data is actually recoverable. Simply assuming your data is backed up correctly without checking is asking for trouble. Many things can prevent your data backing up properly such as human error, software issues, disk failures and network problems.
The cost of doing nothing
Shockingly, 40% of small and medium-sized businesses (SMBs) have no incident response plan. Having a tried and tested incident response plan will pay your firm handsomely should it be hit by a cyberattack, natural disaster or power outage. After all, every minute your people cannot work you are losing money. On average, an hour’s downtime will cost a UK small business £6,000.3 Can you really afford not to have a complete data backup and restoration solution? When was the last time you checked your data backups?
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