Unforeseen disasters will strike every business at some point. When they do it’s vital to have a contingency plan in place. A disaster recovery plan protects your critical business functions in times of crisis.
- Natural disasters.
Natural disasters aren’t something we think about often enough in the UK. Flood damage alone costs the UK economy over £1bn a year. Insurance may cover some financial losses, but unanticipated water damage to hardware storing critical data could cripple your business.
Cybercrime is an incredibly likely disaster scenario. The UK government estimates cybercrime to cost the UK economy in excess of £27bn per year. With a cyberattack on a UK company happening every 46 seconds, all businesses have an action strategy in place in the event of a major data breach.
- Hardware failure and human error.
Both human and mechanical fault can cause business compromising data loss. They can also lead to financial losses. For example, power cuts can cost SME’s £800 per hour, and this figure only increases with business size. Disaster recovery planning ensures your assets are protected against both human and non-human error.