Risks of a poor disaster recovery solution
A poor disaster recovery solution can have severe consequences for your
business. Prolonged downtime can cause financial losses, damage your
company's reputation and compromise your customers' trust. According to ITIC,
the average hourly cost of downtime now exceeds $300,000 for most SMBs and
large enterprises. Data loss not only disrupts operations but can lead to legal and
regulatory issues. You can also lose valuable intellectual property.
Additionally, not having a reliable DR solution leaves you more vulnerable to
cyberattacks. Ransomware attackers, for example, can encrypt critical data and
demand a ransom for its release. Without a robust DR plan, you may have no
choice but to pay the ransom or face extended downtime.
These risks highlight how important it is that you prioritize DR in your overall IT
strategy. Swift disaster recovery is not just a technical necessity but a business
imperative.
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