In this digital significance era, all our lives and businesses are controlled by the intangible force of the digital world we are involved with all the time. However, this kind of engagement and data exchange online also leads to multiple cybercrimes and data thefts.
These kinds of data breaches can affect your business's sensitive data, maybe even people's private sensitive data. Breaches of this nature usually impact bigger enterprises since they have sensitive data that can largely impact them and their businesses. However, nowadays, these breaches and crimes are also affecting medium-sized enterprises. The use of database backup can prevent this. This will prevent your company from losing out on significant data.
It was discovered that around 29 percent of businesses that have been victims of cybercrime and loss of data had faced revenue loss, with a large percentage (40%) losing over 20 percent of their total revenues.
This magnitude of revenue loss is quite impairing to the company. Additionally, it was discovered that most businesses that have been victims of cybercrimes or data breaches had to be open to public scrutiny. They suffered a loss in customer loyalty, customer trust, and other reputation related areas. This leads to many of these companies that have been victims to lose out on significant business and suffer losses.
With the ubiquity of malicious software and hackers, data breaches and cyber-attacks are being reported increasingly. While these are the most common and known causes of data breaches and cybercrime, these are not the only sources. Some of these are:
Data Backup, in laymen's terms, is the backup of your files from your computer that may contain significant or sensitive information that should not be lost due to various reasons. Usually, most computers or other backup technologies vouch for their product and efficiency; however, not all backup systems are the same in quality and use. As a result, it is advisable to follow certain steps to backup your data, especially since it is for a big or medium enterprise. These are:
Data backups can be done in multiple forms as is convenient to you. However, important data should be backed up in more than one format if one format is destroyed and you have no other recourse. For example: If a fire breaks out and all your copies of backed up data are destroyed in the fire, you can recover nothing. Some common ways to backup data are:
Cloud storage and online file storage, however, are not the same. Most businesses use technology life dropbox, google drive, or other online storage websites to store backup copies of significant files.
Simultaneously, these are convenient ways to store and share important data; these are not actual cloud backup services. Real cloud services allow additional automatic backups on entire systems, store various versions, and are huge reserves according to your needs.
It is important to remember that backing up data is significant to all businesses and data, and multiple backups must be made instead of just one to be safe. These backups can save your company from huge revenue and other losses due to mere negligence.
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