Disaster recovery and business continuity both describe services that are vital to keeping you in business after an emergency. Which is better for your company?
Businesses that don’t plan for disaster don’t last.
Any number of unfortunate events can befall a business. Servers can crash without warning. Hackers can break through and destroy (or hold hostage) the data that is the lifeblood of a modern business. Natural disasters can wipe out not just data but the whole building. Recovering from disasters requires planning.
Data backups are not a disaster recovery plan.
Many businesses operate on the assumption that if they’re doing regular backups, they have a disaster recovery plan. They don’t discover the inadequacies of this system until a real disaster strikes. (If you aren’t backing up your data, stop reading now and call us immediately for assistance.)
What is a disaster recovery plan?
Disaster Recovery is the ability to quickly fix or replace equipment, restore systems, and resume business operations when a disaster strikes. However, there is usually a period of chaotic time where the systems (and possibly the business) are not operating.
With the assistance of IT professionals, an organization identifies key components of its IT infrastructure and maps out actions to take—before and after disaster strikes. A typical plan would:
What is a business continuity plan?
Business Continuity is the ability to quickly resume business operations, usually within minutes, and then fix or replace equipment and restore systems at a calm and managed pace.
It includes everything listed above, but goes farther—with the goal of reducing lost productivity as dramatically as possible. Think of it as a more in-depth version of a disaster recovery plan, with every component aimed at getting workers back on the job with the utmost speed. A typical business continuity plan would:
Which plan is right for your business?
It depends on how critical your IT infrastructure and data are to the viability of your business. Some businesses can be extinguished in just a few days of inactivity. For operations like that, a comprehensive business continuity plan is a must. For organizations that can withstand longer periods of reduced productivity, a disaster recovery plan might be enough.
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It takes an average of 287 days for security teams to identify and contain a data breach, according to the “Cost of a Data Breach 2021” report released by IBM and Ponemon Institute.
The internal team was energized. With the Level 1 work off its plate, the team turned its attention to the work that fueled company growth and gave them job satisfaction.
More than 33 billion records will be stolen by cybercriminals by 2023, an increase of 175% from 2018.
The three sectors with the biggest spending on cybersecurity are banking, manufacturing, and the central/federal government, accounting for 30% of overall spending (IDC).
The average cost of a data breach in the United States is $8.64 million, which is the highest in the world, while the most expensive sector for data breach costs is the healthcare industry, with an average of $7.13 million (IBM).
Forty-three percent of attacks are aimed at SMBs, but only 14% are prepared to defend themselves (Accenture).
40% of businesses will incorporate the anywhere operations model to accommodate the physical and digital experiences of both customers and employees (Techvera).
The cost of cybercrime is predicted to hit $10.5 trillion by 2025, according to the latest version of the Cisco/Cybersecurity Ventures “2022 Cybersecurity Almanac.”.
We did a proof of concept that met every requirement that our customer might have. In fact, we saw a substantial improvement.
We did everything that we needed to do, financially speaking. We got our invoices out to customers, we deposited checks, all the things we needed to do to keep our business running, and our customers had no idea about the tragedy. It didn’t impact them at all.
“We believe our success is due to the strength of our team, the breadth of our services, our flexibility in responding to clients, and our focus on strategic support.”