Protect Your Business from Microsoft 365 Data Loss with Managed Backup

Wednesday, March 15th, 2023

It’s a common misconception that cloud-based platforms such as Microsoft 365 don’t require a managed backup solution, as they are either protected from data loss or backups are included as part of the service. However, this couldn’t be further from the truth. In fact, over 81% of IT professionals have experienced data loss in Office 365.

The reality is that no business is immune to data loss, and when it happens, it can have serious consequences. In this blog post, we’ll explore the problem of data loss, the impact it can have on your business, and why Modern Networks Managed Backup solution for Microsoft 365 is crucial for your business.

The Data Loss Problem

There is a multitude of ways that businesses can lose valuable data, including cyber-attacks, user mistakes, and software issues. Even if your business is lucky enough to never face a cyber-attack, the #1 cause of data loss is human error – deleting files, opening phishing emails, accidentally downloading malware, and more. Cloud-based applications are also vulnerable to data loss, as over 70% of data loss in cloud apps is due to accidental or malicious deletion by end users.

Furthermore, many businesses assume that their data is safe because Microsoft stores it. However, Office 365 only stores data for 30 days and Microsoft itself recommends the use of third-party backup solutions in their Microsoft Services Agreement. This means that if you experience data loss, you won’t be able to retrieve your data after 30 days.

The Impact of Data Loss

The impact of data loss can be significant and long-lasting. Businesses lost an average of 10,848 individual records over the past 12 months, and the average cost of data loss is £3,957. Breaches can also cost businesses significant amounts of money, with 29% of SMBs saying data breaches cost them £100k, and 20% saying they cost between £1M and £2.5M.

Compliance penalty fines can be as much as 4% of a company’s total revenue, and the average cost of each attack was £383,365 in 2018. Downtime due to a severe security breach can also be costly, with 40% of respondents experiencing 8 or more hours of downtime in the past year. This downtime can impact profitability, with only 35% of small business owners saying they could remain profitable for more than 3 months if they lost access to essential business data.

Why Our Managed Backup Solution is Crucial for Your Business

Modern Networks Managed Backup Microsoft 365 is an affordable monthly subscription that will set up, monitor, manage, and maintain your Microsoft 365 backups. This solution offers 5 key features that are crucial for protecting your data and minimizing the impact of data loss:

  1. Microsoft 365 cloud data protection: This includes Office 365 data protection for Exchange, SharePoint, Teams, and Microsoft Dynamics 365.
  2. Daily automated backups: Your data will be backed up automatically daily, ensuring that you always have a recent backup available.
  3. 99-year data retention and unlimited data: Your data will be retained for 99 years, and there are no limits on the amount of data you can back up.
  4. Data restoration: If you experience data loss, our team will work to restore your data as quickly as possible.
  5. Expert support: Our team of experts is available to provide support and assistance whenever you need it.

By choosing Modern Networks Managed Backup Microsoft 365, you can rest assured that your data is protected and that you have access to expert support whenever you need it. Don’t become another statistic of data loss – let us help you find the right backup solution.

Contact us now to request a quote.

 

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