Losing critical company information can mean huge losses for a business. As reported by the Institute for Business and Home Safety, approximately 25 percent of businesses close permanently after experiencing a disastrous event.
Businesses can protect their critical data by implementing a business continuity and disaster recovery (BCDR) plan into their emergency preparedness plans. By having a BCDR plan in place, businesses are better able to resume operations following a disaster. For instance, in 2011 a big tornado touched down in Joplin, Missouri, and caused a lot of destruction. SNC Squared, a technology company in the area, had a BCDR plan in place and was able to recover all of its data and quickly resume operations, as reported by SmallBusinessComputing.com.
Here are five reasons your company should have a disaster recovery and business continuity plan.
- Your business is located in a severe weather zone
Severe weather, such as tornadoes tend to be more common in the Midwest than other regions of the U.S. while forest fires and mudslides dominate the Pacific Coast, contrarily hurricanes ravage the Gulf and Eastern coastlines. If your business is located in an area that is regularly threatened by severe weather, you should have a business continuity and disaster recovery plan.
- You depend on tapes for backup
Although backup tapes can be ideal for tertiary storage, they are practically useless in the event of a disaster. If you can't gain access to data stored on the tapes in a timely fashion, you will not be able to restore operations quickly. That is, assuming the tapes were not damaged or corrupted during the disaster. Even if your company is using backup tapes to store data, you should also invest in a BCDR plan as an additional means of protection.
- You own a small business
Small and midsize businesses have significantly less capital than larger companies. If a business loses its data due to a hazardous event and does not have a disaster recovery plan in place, it can incur in devastating losses. Many SMBs do not have the resources needed to bounce back from a major disaster.
- You have employees
Employees aren't perfect. They can unknowingly open an email that has malware leading to systems failure, accidentally delete data or overwrite it - or worse. According to the 2014 US State of Cybercrime, 32 percent of respondents reported that damage caused by insider attacks were more damaging than outside attacks. Of those who reported insider attacks, 76 percent claimed confidential records were compromised or stolen.
- Your business is new
Startup funds are generally allocated to operational expenses, employee acquisition, and advertising initiatives. Therefore, it's easy to put off investing in a business continuity and disaster recovery plan. What many new business owners don't consider is that they are most vulnerable when they are just starting out. A BCDR plan is insurance for your data. A business owner wouldn't think of having a storefront without property insurance, or employees without liability insurance or workers compensation, so why forgo a way to protect one of your most important assets, your data?
A business continuity and disaster recovery plan is a valuable investment for businesses of any size. It helps businesses safeguard their data from potential threats and provides a way to quickly reestablish operations in the event of disruption. An easy way to determine how long your business can survive without it's information is to calculate your recovery point objective. Check out our RPO calculator to see how long your systems can be down before suffering irrevocable loss.
If your business would like to learn more information about business continuity and disaster recovery options, contact Pinnacle, an Advanced Imaging Solutions company today!
Join us on July 16th for a Disaster Preparedness Workshop where we will guide you through how to create a disaster preparedness plan for your organization following the National Fire Protection Association (NFPA) 1600 standards used by the US Department of Homeland Security.
Keynote speaker and FEMA (Federal Emergency Management Agency) Representative, Kimberly Phillips will address the importance of disaster preparedness and how businesses can be affected in the event of disaster. Phillips is one of ten FEMA private sector liaisons in the United States. Her region spans six Midwestern states, including Indiana and Michigan.
This workshop is geared towards small and midsize business leaders interested in learning about disaster preparedness planning for their organization.
The workshop will provide insight on:
- Program management
- Preparedness goals and objectives and
- Proper resource and communications management
Each participant will receive a Disaster Preparedness workbook to help analyze the current risk level of their business and determine which areas will be most impacted in the event of disaster. The workbook will provide guidelines to effectively develop a comprehensive disaster preparedness plan.