From natural disasters to security breaches, unforeseen catastrophes can wreak havoc on a business in customer confidence, unforeseen financial costs, business interruptions, and privacy risks for clients. Many companies change their IT operating procedures after a major disaster, yet it is often impossible to reverse the harm caused. A 2015 study sponsored by IBM found the costs incurred by each lost or stolen record containing sensitive information has increased six percent from an average of $145 to $154 per record.
Disaster Recovery Plan
A flood, earthquake, tornado or fire can devastate a business. When systems go offline it is important to access what damage has occurred and be able to act decisively. A big question is usually how long will it take to recover. The answer depends on whether you have a disaster recovery (DR) plan in place. When constructing a disaster recovery plan, working with professionals experienced in DR and business continuity (BC) planning is crucial to quickly recovering your software, data, and operations.
DRaaS (disaster recovery as a service) providers give you:
- a backup plan to meet your needs
- ability to meet compliance concerns
- swift recovery times
Business Continuity Plan
What a DR plan does for your critical IT systems, a BC plan does for your critical business functions. BC is recognizing that some products or services must be continued without interruption to satisfy shareholders and protect stock prices. Establishing a plan where key personnel will be available in those circumstances will reduce the impact of interruptions and lessen revenue loss.
Here are situations you may want to plan for:
- fire
- tornado, hurricane, or other natural disaster
- flooding
- stolen property
To help accomplish your BC plan, DRaaS providers are able to aid your company in data retrieval. DRaaS is a proactive solution to those unforeseen events in the life cycle of your business.