Data Loss and Lack of Recovery Plan 

Any organization might suffer financial damages of up to $36,000 if 100 crucial files were lost.Businesses may lose data for a variety of causes, including:

  • Cyberattacks
  • equipment failure
  • Individual error
  • Power failure
  • cataclysmic occurrences

You need to have a thorough disaster recovery strategy in place that includes cloud-based data backup, IT support contacts, backup servers, and external storage in order to lessen the financial impact these threats of data loss have on your company.

Several security precautions are used by cloud services, allowing you to store and access your sensitive data from anywhere in the globe.