Last Updated on March 6, 2023 by

Your business’s data is crucial to its success. Customer histories, digital assets, and other files can cripple your enterprise if they are lost. So it’s not enough to simply back up. IT Consulting New Jersey provideshigh-quality and reliable backup services to ensure your business remains safe and secure.

According to recent research, the cost of data security breaches rose to $4 million in 2021. This increase is likely due to an increase in the number of attacks. In addition, downtime costs are also increasing due to these attacks. The average price of downtime is $88,000 per hour or $1,467 per minute, according to the data protection report from Veenam.

It’s not a secret that small businesses can’t afford to spend the same amount on data security as large businesses. A single severe violation may be enough to shatter the organization. Cheap data backup solutions may be tempting for organizations, but they could cost more in the long run. When it becomes too expensive or useless to protect your data, you’ll have no choice but to switch to another option.

This article will look at different types of “backups” some companies have chosen. Then, we’ll discuss why these are inadequate and what a better, safer solution would be.

7 Ways That Cheap Data Backup Solutions Fail Your Business

1.   Your Data Is Organized, Not Backed Up

Many business owners don’t know that some cheap backup systems don’t back up their files. Instead of having your files replicated and stored, a mirror image is created. How is this detrimental? If you accidentally wipe out an important file on your main drive, the synchronized file will be affected similarly. You should always double-check that the system you use backs up your data because this is not what you had in mind.

2.   Bandwidth is an Issue

Your company’s download speeds may be good, but the upload speeds may not be as good. Most internet service providers don’t advertise their upload speeds. The cost of uploading speeds is the main reason. Think about what it would cost to advertise these speeds. Would you buy those speeds if you knew how much they cost?

You might not know how long it would take to back up the company’s data. For example, it would take five days for all the business data to be uploaded if you had more than five terabytes of data to back up.

Take a look at the reverse scenario now. If you are hit with ransomware, everything in your business is backed up in the cloud. That is great, but do you know how long it takes to download all that data? It will take days to months to restore your system if your Internet speeds are slower than 100mbps. Is it possible for your business to survive that many downtimes?

3.   Failing to Protect Sensitive Data

Businesses handle a wide range of sensitive information, from intellectual property to personally identifying details. Massive exposure of private information can occur if the backup where this information is stored is not secured. This can lead to a loss of trust in your business. In addition, it can result in significant financial penalties for lack of compliance with data safety rules. We store our customers’ data in stenographic files to keep sensitive records safe. Keeping your data safe from snoops is part of protecting it. If customers do not comply with data safety guidelines, such as having their accounts closed or data destroyed, punitive measures may be taken.

4.   Storage Technology Could Not Be Safe

Don’t rely on cheap data backup solutions. These programs often back up the wrong files, which puts your important files at risk. In addition, you need to protect your privacy so that your personal information is not stolen or used by someone else. Cloud services store sensitive information, such as your credit card or security number. There are many ways that cheap storage can lead to data loss, including hardware failures, hard drive crashes, and other kinds of problems.

In addition, cheap storage solutions can cause massive data loss in the form of a fire, flood, data theft, or a cyber attack if your organization doesn’t have enough redundancies.

5.   Increasing Cyber Threats

If a cyberattack hits your company, what do you do? If you have a backup, you will be ready for a hacker. But, can you depend on only one backup? What happens to the backup if it is corrupted?

For this reason, it’s best to have two or three backups. Cloud services are fantastic but not always necessary. It’s always better to have a second backup plan in addition to your cloud backup service. We’re referring to a backup that you can take offline or physically.

6.   Leaves You Unable to Test For Restoration

While testing a backup system is time-consuming, ensuring your design will come through for you in a disaster is essential. Unfortunately, most inexpensive backup software doesn’t allow for restoration testing, so you never know if it will successfully restore your data or not until the moment you need it. So, are you willing to take risks by waiting and seeing your business files? We didn’t think so.

7.   Not testing backups

It is not enough to have a backup. If there is a data loss, a business needs to be able to recover it. Back-ups should be regularly tested to ensure that files are opened, and their information is used.

Bottom Line

While more expensive backup systems may dig deeper into your pockets, there’s much more at stake if your business data is lost and can’t be restored. It’s better to err on caution and keep your info backed up and accessible when needed. Data loss can seriously impact a business, preventing vital records from being recovered and leading to lost revenue. Keeping your data backed up and accessible is key to ensuring it remains safe and viable.

Post courtesy: Chris Forte, President, and CEO at Olmec Systems.

Apart from this, if you are interested to know about Power of Structured Data to Increase Your Visibility then visit our Business category.