Corrupted files. A mindless, pre-coffee mistake. A 100-year flood. Data loss events—ranging from the ordinary to the dramatic—can impact the well-being of your business (not to mention your own peace-of-mind). So, we wanted to know how organizations were protecting against threats to their data—and their degree of confidence in recovering it should the worst happen.
One survey of IT professionals later, we’ve identified vulnerabilities—vulnerabilities you should be thinking about as you shore up your own data protection environment.
Nine percent of our survey respondents said a data loss event would cost their organization at least $25,000, with the majority of those respondents reporting a loss of $50,000 or more—a finding consistent with leading analyst firms.
Far more concerning was the fact that almost 50 percent of those surveyed couldn’t quantify the cost of a data loss event. Those costs naturally include the value of both lost data and lost sales during the system disruption. However, some forget to also take into account:
In short, many organizations simply underestimate the true cost of data loss—and their data protection environments reflect that calculus. If there’s one thing we can say with confidence, it’s this: The cost of data loss prevention is nearly always less expensive than an actual data loss event.