World events have always had a big impact on the banks that one finds on Wall Street, but in many ways, the one that coronavirus (COVID-19) has demonstrated has been unprecedented. As such, it almost provides a case study of the importance that disaster recovery planning has for any business… Wall Street institutions included.
Partner IT Blog
You don’t need to be repeatedly told just how important risk management is. If you did, you probably wouldn’t have made it this far. One problem you see from business owners today is that while they understand just how many problems there are--and which ones they need to find solutions for first--they want to grow their company so fast that they overlook potential problems and end up hurting their business as a result. This month, we thought we would talk a little bit about contingency planning and how, if it is done right, it can have a marked effect on your business’ ability to carry-on after a problematic event.
For the modern business, ensuring that you have contingencies in place will go a long way toward keeping you in business if disaster strikes. One of the contingencies many businesses choose to make as part of a business continuity strategy is a disaster recovery plan. Disaster recovery is more than restoring data, it can mean mobilizing people and capital against time. Let’s take a look at two of the core components of a comprehensive disaster recovery strategy, Recovery Time Objective and Recovery Point Objective.
You’ve heard it over and over for the past several years: data loss is a disaster. A data breach can ruin your business. Ransomware is a business’ biggest enemy. Your reputation can never recover after a data breach. These statements may be redundant, but if you don’t heed the message behind them, you will likely regret it.
You know the phrase, “Don’t put all of your eggs in one basket?”
The idiom comes from the novel Don Quixote, and is used as a lesson to not put all of your efforts and success on a single thing. For computing, we say it like this:
“Don’t put all of your data in only one place… or else.”
Businesses need to be extremely careful about how they protect their interests, but just in case something unfortunate happens, you want to have measures in place to guarantee that your future is secure. To this end, data backup and disaster recovery is critical. We’ll walk you through what you need to know about implementing data backup and disaster recovery, including the best way to make it happen.
Maintaining a proper data backup system is one of the most important parts of business continuity, even if it’s something you’d rather not think about. If you don’t take data backup seriously, your organization is at considerably greater risk compared to what it would be like if you had it. We’ll walk you through the proper steps toward making your organization’s future more secure through data backup.
Let’s face it; nobody wants to talk about disaster recovery, as even invoking these words makes the possibility a reality. Unfortunately, this is something that has to be discussed, as your business depends on it. This might seem like hyperbole, but if you knew what is at stake, you’d likely agree with us.
There is a lot on the line for any business when disaster strikes. Is your business ready for a data loss incident? Every year people from all over the world make resolutions as the new year commences; and, this year will be no different. For the business owner hoping to mitigate their exposure to downtime and client backlash in the face of an event like this, having a plan in place is essential to seeing a positive resolution to a bad situation. We’ll go through what constitutes a good backup solution, and what goals you need to prioritize to get your business in a position to succeed if it is put in a tight spot.
Disasters are a very real possibility that businesses have to deal with, but not all disasters come in the form of a flood or fire. You can predict weather effects that can create problems for your business, like thunderstorms and ice storms that bring down power lines, but you can’t possibly predict when and how your organization will suffer from a data loss incident. We’ll discuss in-depth how your business can save itself the trouble of dealing with cyberattacks and user error--particularly in regard to data backup and disaster recovery.
Data backup. Nobody wants to think about it until it’s too late to do anything about it. While no business ever hopes that they will be struck by a data loss incident, no business will ever regret implementing a backup on the off-chance that they ever suffer from a worst-case scenario. What are some of the most important parts of a data backup and business continuity system? We’ll start with Recovery Point Objective and Recovery Time Objective.
Data backup is one of the most critical parts of protecting your business, but there are a lot of moving parts that need to be considered before implementing a solution. For example, did you know that data backup and disaster recovery are two different things completely? While they may both be involved in the business continuity process, the two represent equally important, yet disparate, parts.
If we asked you how your organization backs up its data, would you be able to smile and tell us all about it in detail? While it’s important to be optimistic about the future of your organization, you should never believe that you are impervious to data loss. We’ll discuss some of the most important terminology behind data backup and recovery, as well as the best way to protect your organization from the crippling situations presented by data loss.
It’s no industry secret that one of the most important pieces of IT any business should have is a data backup solution. However, this is like saying that every business should have a plant: the type of plant, and (by extension) the type of data backup, matters. You want a data backup that is more like a peace lily or a cactus, hardy and resilient, and less like a basil plant or orchid, high-maintenance and requiring very specific conditions to prosper.
The protection of your business includes many facets. Physical security, training, and network security get most of the attention (and rightfully so), but does your business have a plan in place if those strategies fail? For the growing business, understanding that your data is an asset doesn’t have to come after you lose some. If your management team prides itself on taking proactive measures to keep business running smoothly, one element that has to be on the table is the practice of data backup and recovery.
By now, you’ve probably heard about the importance of business continuity and disaster recovery planning for small businesses. According to FEMA, more businesses have business continuity plans than ever before. With so many SMBs looking to secure their future, there are still a few aspects of business continuity planning that today’s business need to comprehend. After all, there is more to it than just data backup. Disaster recovery is something that needs to be planned, practiced and updated.
Few organizations take business continuity planning as serious as financial organizations do. The Federal Reserve Bank (FRB) and Securities and Exchange Commission (SEC), as well as the organizations they oversee, depend heavily on technology for their daily operations. For these establishments, a severe data loss event or significant downtime has the potential to cripple the economy, depending on the severity. As such, they require all of the institutions that they have jurisdiction over to meet certain business continuity benchmarks.
Some organizations want to better understand the process that they use to take backups of their data and restore them in the event of an emergency. This is great, because the value of being able to do so cannot (and should not) be understated. A proper data backup and disaster recovery system could be all that stands between prosperity and failure.
Just over a third (36 percent) of businesses don’t back up business data at all, and apparently this number isn’t keeping some IT providers up at night (not the case for us). Your businesses’ data is precious, irreplaceable, and extremely expensive to lose. Let’s talk about how delicate and dangerous it is to not have it backed up.
Hard Drives are Extremely Fragile
The device inside your computer or server that holds your data is easily the most sensitive and breakable component. Traditional mechanical hard drives work by spinning a spindle of platters at extremely high speeds. These platters have a thin magnetic coating that stores your data. A tiny arm rests over the platter with nothing but a cushion of air holding it in place. The spinning of the platter keeps the magnetic head on this arm from touching the platter. If the head were to touch the platter while it is spinning, it would decimate your data.
Modern drives have plenty of safeguards to prevent issues, but like any mechanical device, wear and tear will happen, and outside forces like bumps and shocks can shorten the reliability of a drive. If your data is confined to one drive, it just takes one bad day to lose it all, and recovering the data could be impossible.
Users Make Mistakes
Let’s say your company uses a Word document as a template for your sales proposals. Your sales team knows to make a copy of it, drop it in the client’s folder, and edit it from there. That is, until someone makes the mistake of editing the original copy and saves over the file after making major edits to it. Now someone needs to scramble to restore the file by hand. If it were backed up, you could simply restore the file from your backup.
Ransomware is Evil
Everyone knows they need to protect their computer with antivirus, but there are threats out there that can penetrate commercial antivirus solutions. One of the most common is ransomware, like Cryptolocker and Cryptowall. Both work in a similar fashion, commandeering your PC and locking your files from you unless you fork over cash. They can even infect other computers on your network and external storage devices, which could include your backup depending on your setup. Storing an off-site backup is critical for preventing this.
Is Anyone Checking Your Backup?
If your IT company set up a backup solution, is it being tested and maintained? If you don’t have an agreement or aren’t getting a bill for it, the answer is probably not. Just like any computer, things can go wrong with your backup solution. Backups should be tested and evaluated regularly, or else you might find yourself out of luck in the event of an emergency.
Our powerful backup and disaster recovery solution can be just what you are looking for to protect your business from the myriad of threats out there. Call Partner IT’s certified technicians today at 1300 968 748 to learn more.
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