The Importance of Secure Data Backup for your Company

Data loss can be a devastating hit to your company. In today’s digital world, it is essential for Canadian businesses to backup and safeguard their sensitive information against cyberattack.
In reality, setting up proper data backup protocols can be an intimidating task. It can be difficult to find a solution that is appropriate for your organization’s specific needs. However, it is an effort well worth your time, as cyberattacks are not the only threat to your data. While 40% of Canadian data breaches are caused by malicious attackers, another 35% were the result of bugs and glitches in the system. The lasting impacts of these data breaches can often be fatal to many SMBs – 60% of small companies close within half a year of suffering a breach. Simply put, customers lose trust in companies after their sensitive information such as personal data or payment details get leaked.
With a secure data protection solution, you can ensure that your organization’s information is constantly protected against attack, significantly reducing the chance of a breach. Furthermore, a data backup solution will assist in recovering lost information should an incident occur, reducing the costs of downtime and recovery efforts. Here are some threats that a data backup solution can help protect against:

Accidental Disasters
Oftentimes, data is stored locally on storage devices on-site in a company’s office. This solution is highly susceptible to disasters such as fires or floods. This threat can be alleviated by backing up data in an off-site or cloud-based location. With this, even if the local copies are destroyed, the information can be easily restored from simply downloading the backed-up copies off the second location.

Human Error
Human error is unavoidable – sometimes a mistake as simple as misplacing a flash drive containing sensitive data can result in devastating consequences. A contractor working in your office that accidentally damages a hard drive may be another cause. Secure data storage and backup strategies can be an effective method of countering these risks as well. Clear data management policies can reduce the risk of misplaced data on insecure drives, and offsite backup can easily restore lost information from damaged hardware.

The Ongoing Ransomware Threat
During the past 5 years, ransomware attacks have become more common as well as more vicious. In a ransomware attack, malicious actors lock a company’s information behind an encryption wall, demanding a ransom payment for its release. The main leverage that this attack has on victims is the cost of downtime. Without access to its data, a company cannot complete its daily functions. However, this leverage is eliminated if you have access to complete backups of your information.

Working with an MSP gives your Organization a Competitive Advantage
Setting up and maintaining data backup is a costly and time consuming tasks. However, working with an MSP to manage your data is a cost efficient method of doing this. Managed service providers such as GIGE can maintain secure backups of your company’s data without any additional work on your company’s end. Should an incident occur, MSPs would spearhead the recovery procedures, ensuring that your organization is back up and running as quickly as possible.
Don’t lose your sensitive data. Get started with us today by calling +1 888 366 4443 or emailing info@gige.ca.