Business owners are now concerned about how they are spending capital on solutions to help them to avoid procedural interruptions. One issue that all businesses should be aware of—and work to mitigate—is the loss of data that can cause these interruptions.
When considering a continuity plan for your business, you need to consider some scenarios that may not ever happen. This is called risk management and it is the basis of keeping your business up and running regardless of the situations that it encounters. This month, we thought we would outline some of the variables that need to be addressed when creating a comprehensive business continuity plan.
Your business’ data is extremely important to the livelihood of your business and as a result, you need to have plans in place to protect it. Sure, you can invest in all the top notch cybersecurity tools and services, and they may keep you from getting your data stolen or corrupted, but what happens if something terrible happens to the servers that it is stored on? No level of threat detection is going to save a server if it is charred, under water, or its components are completely fried.
Imagine for a minute that you work in a small factory or machine shop. Some wind comes through and drops a 200-year-old maple tree through the roof onto the machines that you use to create your product. The devastation is total. If you have a second factory built to scale from the first, you could just ship your workers over to that one and keep productivity high. Chances are, however, there is no second factory. Your business is done until you can get the situation fixed. It could take days, weeks, or even months to get your business back on track; and if the stats are any indication, it probably won’t.
In order to function properly, the modern business needs data. With the predictions of serious cyberattacks, like ransomware, that have been made for the coming year there is no business that can neglect its data protections. Here, we’ll discuss what these predictions are, and what you need to do to prepare.
