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.
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.
