In today’s digital-first world, data is the backbone of every organization. From customer records to financial information to day-to-day operations, your business relies on data to function smoothly. But what happens when that data is lost or compromised?
The truth is, the risks are higher than ever. According to the U.S. National Cyber Security Alliance, 60% of small businesses close within six months of a cyberattack. IBM’s 2024 Cost of a Data Breach Report also found that the average breach now costs $4.88 million - a staggering number for any organization.
And cybercrime isn’t the only threat. Hardware failures, accidental deletions, and software errors account for the majority of everyday data loss. A study by Kroll revealed that 70% of businesses have experienced data loss due to one of these common issues. Without proper backups, the recovery process can be slow, expensive, and in some cases, impossible.