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The High Cost of IT Disaster

THE HIGH COST OF IT DISASTER Your data is the lifeblood of your business. Many organizations assume they will never experience a disaster. Whether you are online or offline, it is important to know the repercussions of-and prepare for-an information emergency. DISASTER IS A SCARY WORD WHAT TYPES OF DISASTERS SHOULD YOU ACCOUNT FOR? The catastrophe most businesses experience is not fire, flood, or earthquake, but rather something much more deceptive-malware. Server failures Network failures V Power outages Service provider failures More than 37% V Computer security breaches of disasters V Natural disasters involve a V War, Acts of terrorism malicious or criminal attack. 31% of PC users have lost all of their files due to events beyond their control. 34% of companies fail to test their Every week 140,000 tape backups. hard drives 77% CRASH of those that do, have found tape in the United States. backup failures. THE COST IS HIGH FOR DATA LOST More than $26.5 billion in revenue is lost each year from IT downtime, which translates to roughly $150,000 lost annually for each business. The U.S. and Germany have the highest total cost per data breach. The cost of data breaches is also on the rise. A study found that the global average cost of compromised records increased. $130 $136 2011 2012 $5.4 million $4.8 million Brazil and India also have lowest cost per compromised record $58 $42 Companies in Brazil are the most Companies in India are most likely to have a data breach caused by a system glitch or business process failure. likely to suffer a data breach due to human error. On average, businesses face 10 hours of downtime annually, crippling worker productivity to 63%. 10 Companies that aren't able to resume operations within ten days (of a disaster hit) are not likely to survive. 50% of organizations said IT outages can damage their reputation. BE PREPARED Having a plan for both physical and virtual disasters keeps your business running smoothly. C-level executives surveyed about the value of a data protection plan said that: 47% felt it lessened the possibility of regulatory action 73% felt it reduces 53% felt it creates the risk of data loss more efficient data usage and reduces operation inefficiencies. or theft. and lawsuits. STORAGECRAFT. csoonline.com/article/735078/most-data-breaches-caused-by-human-error-system-glitches crn.com/news/security/240156157us-tops-charts-for-most-costly-data-breaches-study.htm informationweek.com/storage/ disaster-recovery/it-downtime-costs-265-billion- in-lost-re/ 229625441 graphics.kodak.com/Doclmaging/uploadedFiles/DisasterRecovery.pdf severalnines.com/news/article/disaster-recovery/cloud-technology-changing-disaster-recoveryplans/ 801598501 itispivotalcom/blog/ 10-backup-and-disaster-recovery-statistics-you-must-know/ symantec.com/content/en/us/about/medial pdfs/b-smb-disaster-preparedness-report.en-us.pdf ponemon.org/locallupload/file/WatchDoWhite_Paper_FINAL.pdf ponemon.org/localupload/file/Encry ption_in_the_Cloud% 20FÄ°NAL_6_2.pdf ponemon.org/locallupload/file/Business Case_for_Data_Protection_WP.pdf smb.blob.core.windows.net/smbproduction/Content/ Disaster%20Preparedness%20eGuide.pdf

The High Cost of IT Disaster

shared by StorageCraft on Oct 28
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This StorageCraft infographic illustrates the high costs of IT disasters and works under the assertion that data is the lifeblood of any organization. This long-held belief has become even more intens...

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StorageCraft

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Technology
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