The increasing amount of breaches, the globalization of supply chains, and greater dependence on technology all increase the likelihood of business interruption. This makes contingency planning more essential than ever..
Consider these findings on disruptive events:
31% of organizations reported revenue losses between $10,000 to $100,000 and data loss due to outages
A data breach results in eight hours of downtime for 40% of small businesses
Losses from data breaches cost $3.92 million, on average
Natural disasters can cause massive damage to public and private infrastructure, resulting in days of downtime.