As cyberattacks continue to evolve, cybersecurity has become an increasingly important concern for businesses. At Dapango Technologies, educating the cyber community on the significance of maintaining regular data backups to protect against the damaging consequences of cyber-attacks is crucial. In this regard, we highlight the risks of not having a backup of your activity in the cloud.
According to the 2021 security report by Check Point Software Technologies, 87% of companies have experienced attempted attacks on known vulnerabilities. In the absence of adequate backups, companies are exposed to several significant risks:
- Loss of customers: The loss of data can lead to the interruption of services, inability to meet customer expectations, and ultimately, loss of business and reputation. Regularly backing up business data is essential to maintain customer trust.
- Legal issues with the FTC: Failure to comply with data protection regulations, such as the Federal Trade Commission’s Safeware Rule, can have severe legal and financial consequences for businesses. Without proper backups, a security breach can expose sensitive data, leading to sanctions and fines from regulatory authorities.
- Financial costs: Data loss can have a significant economic impact on a business. Data recovery without backups can be expensive and consume valuable time and resources. Additionally, data loss can disrupt business operations, resulting in lost revenue and business opportunities.
- Stoppage of activity: Data loss can lead to the temporary stoppage of business operations. Lack of access to critical data can impact employee productivity, responsiveness to customers, and overall business continuity.
- Irreversible damage to reputation: Data loss can have lasting consequences on a company’s reputation. Loss of confidentiality of customer data can erode brand trust and credibility, which can be challenging to regain.
Regular backups are essential to protect business data and mitigate the risks of cyber attacks.
Backups are necessary for several reasons, including:
- Data recovery: In a cyber attack or technical failure, up-to-date backups allow businesses to quickly restore lost or damaged data and minimize downtime.
- Protection against ransomware: Ransomware is a common threat today. Securely stored and up-to-date backups can help businesses recover from a ransomware attack without paying ransoms to cybercriminals.
- Regulatory compliance: Backups of operations help companies comply with data protection regulations. By ensuring that data is stored and protected correctly, companies can avoid penalties and legal problems.
- Business continuity: Backups ensure the availability of critical data in the event of interruptions or disasters. This allows business operations to continue smoothly, minimizing the impact on customers and stakeholders.
Businesses must understand the dangers of failing to back up and take proactive steps to protect their data. Additionally, implementing robust cybersecurity solutions and staying current on the latest threats and security best practices is crucial. At Dapango Technologies, we are committed to cybersecurity and offer comprehensive solutions to protect business data. Our security experts can help companies implement effective daily strategies worldwide and develop solid security policies to protect against cyber attacks.
Don’t let your company become a victim of cybercriminals.
Protect your data and ensure business continuity today!
Please request an appointment with our advisors.