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For many the threats to business continuity is paramount. Lockdowns over the last 13 months enforced by COVID-19 have highlighted the need for businesses to stay open and remain operational no matter what.
However, the rate of ransomware attacks has risen drastically over the past 12 months, as cyber criminals seek opportunity with many businesses enforced to send their employees to work from home – making them more vulnerable to targeted phishing email campaigns.
By causing disruption through downtime, cyber criminals can hope to extort thousands of pounds from businesses through ransoms. These ransoms demand payment or else the business will not regain control of their systems and data again – worse still, even with a paid ransom, some criminals will still not hand back data they have stolen from a victim or may retain copies and sell them on!
And that is just one of 9 threats to Business Continuity that businesses face each day.
Here are the other 8 biggest threats to Business Continuity that all organisations should be aware of:
Workplace Fire or Flood
If you lose access to your premises due to an office fire or flood, then all of your company’s data could be lost, if your Business Continuity and Disaster Recovery (BCDR) practices are not in place as they should be. By saving to the Cloud, an off-site copy of your business data will allow your employees to continue trading in the unfortunate event of a fire of flood at your premises.
Theft and Vandalism
On-site data is at risk of burglary or vandalism – this is especially prevalent at the moment if your offices are less populated due to the pandemic. The problem will be present no matter where an employee is working from, though, as laptops could be stolen whilst working in a public place, or left on trains, or simply damaged by a spilt cup of coffee. By ensuring copies of data held on every device are saved to an external resource, such as the Cloud, then recent files will be able to be accessed – even in the event of a theft.
Device Failure
Servers break, over-heat and or fail all the time – it is not uncommon, yet businesses always seem surprised when it happens and unprepared for the consequences. If technology fails, a high-performance virtual machine can be used to use the latest copy of your data. This would eliminate any downtime as your BCDR device can serve as this virtual machine, to enable employees to connect to a monitor and continue working locally without any problem.
Data Non-Compliance
Your business needs to ensure the data it holds is secure – especially if that data belongs to another party. GDPR regulations mean that failing to take reasonable precautions in storing, securing and backing up data that belongs to customers or suppliers could result in large fines. Not only could your business be breaking the law, but reputational damage could occur if your business is responsible for a huge data breach. By not having a BCDR plan in place, your business is doing not only itself a disservice, but their customers and suppliers too.
Power Outage
Should a power outage strike, or if the internet connection goes down, a solution will be required to safeguard your company data. A thorough BCDR solution ensures that your business’ data is saved regular and often, so that in the event of a power outage, your business restricts the amount of data lost.
Human Vulnerability
It’s possible that an employee could delete an essential file or lose company hardware by mistake. By backing up to multiple locations, your business will be able to retrieve the lost or damage data / file without any issue.
Loss of Connectivity
Internet connectivity allows us to connect siloed business functions with ease, but relying on connectivity also carries a larger risk to your business. On-premises data backup is essential here. The connectivity offered by the internet is a game-changer but on the rare occasion it is unavailable it is time to access all the data saved locally to remain operational.
Software Failure
Should your software fail, you will need other provisions in place to remain operational, or risk experiencing downtime. Software failure can be critical, depending upon how reliant your business is on certain software it is running. By using a dedicated backup specialist to hold your business data, even in the event of certain software failing, employees will be able to access company information and continue working, albeit outside of the set parameters the business usually operates within.
The solution to all these 9 threats to Business Continuity?
A multi-layered Business Continuity and Disaster Recovery plan from Neuways means your business would be able to recover quickly, often within an hour, from any disaster. It would ensure that your data is securely backed up and stored under the Power of 3 principle (to multiple locations), and that it is completely recoverable in the event it is needed, through testing with DRaaS from Neuways.
Basically, if any of the 9 threats were to unfortunately happen to your business – your data would be safe and you’d remain operational. To hear what our BCDR solution could do for your business, contact the experts at Neuways today on 01283 753333 or email hello@neuways.com
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