Disaster Recovery Facts & Statistics for Business Continuity

Is your company prepared for when disaster strikes? Whether you are running a company or the IT department, it's imperative that you are prepared for the worst - and ensure your business-critical data and applications are secure at all times. The term "disaster" often makes us think of hurricanes and tornados - events that are life-changing. But computer viruses, transformer malfunctions or hardware damage are also "disasters" for your company's bottom line.

Here Are the Most Eye Opening Disaster Recovery Facts We Read this Year:

Disaster Recovery 

• 2021 was the busiest year for climate disasters according to the analysis of NOAA/NCEI data by climate control. 

• From 2018-2020, there were 50 disaster events that totaled $237.2 billion in damage in the U.S. alone.

• In 2021 there were 20 disaster events that totaled over $1 billion in damages.

• Hurricanes are the most destructive force causing power failure, flooding, customer loss, and the closure of many businesses.

• Around two-thirds of SMBs that are impacted by a fire, flood, hurricane, or tornado no longer exist 12 months later.
  
  

The High Cost of Business Interruption 

• Downtime costs have risen 32% in the past 7 years. Currently, for 44% of enterprises, 1 hour of downtime costs over $1 million.

• 33% of folders are not protected in any way, providing easy access for cybercriminals.

• FEMA estimates that 75% of SMBs do not have a disaster recovery plan.

• Ransomware attacks cost 16.2 days of downtime, on average.
  
  

Cloud Backup Solutions

• The global market for cloud disaster recovery services are expected to reach 23.3 billion by 2027.
  
  
• 93% of small enterprises have adopted the cloud.

• 84% of businesses store backups in the cloud.

• 75% of data loss is caused by human error.
  
  

Business Best Practices for Your Business

1. Multi-cloud redundancy
   
   • By backing up and recovering workloads in a separate cloud, you can ensure that you will have uptime in the event of a natural disaster or technical failure. 
     
     
2. Ransomware protection and prevention 
   
   • Having multi-cloud backups allows you to recover server workloads to minimize disruption following a ransomware, malware, phishing, or branding attack. 
     
     
3. Rapid restore capabilities 
   • One of the most important things after a disruption is resuming business as quickly as possible. Backup solutions allow your IT team to restore company devices quickly, allowing your employees to get back to work. 
     
     
4. Image-based backup
   • iCorps SaaS Protect captures thrice daily images of your data and covers OneDrive, SharePoint Online, mail, contacts, and calendar. 

Ensuring you have a disaster recovery plan in place will help your business when a disaster occurs. To learn more or to schedule a free IT consultation, contact us at iCorps.