It can be difficult for small- and mid-sized businesses (SMBs) to predict when they will be hit by disasters like natural calamities, faulty devices, and data breaches that can disrupt their operations. And despite the fact that 40% of small businesses never reopen after a disaster, many still don’t have a proper backup and disaster recovery (BDR) plan.
Losing data is more than an inconvenience. In today’s digitally driven marketplaces, it can result in serious enterprise setbacks. To give you an idea, ransomware — a form of cyberattack that hijacks data until a ransom is paid — has cost the US healthcare industry $150 million in the last four years.