Many businesses underestimate just how important it is to backup company data. And, while hackers and ransomware outbreaks are certainly making headlines, old-fashioned viruses and malware attacks continue to be among the leading reasons for system breaches and data loss. Data is like gold to hackers… once they have access to it they typically exploit it, or hold onto it permanently and charge a ransom to give it back.

Some stats!

Backing up data
Company security statistics
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Cybersecurity costs

Physical Disasters

It’s important to remember that your business data isn’t just open to online threats, it’s also vulnerable to physical disasters. It’s easy to overlook some of the more conventional physical threats your business faces, but a fire or flood could easily wipe out your entire business network and its data. Making it essentially impossible to recover. Without the access to multiple backups, a simple theft of a hard drive or storage device could easily cause your business to lose a lot of its data. Likewise, many people forget that hard drives sometimes become corrupt and suffer from failures. Therefore, cloud data backup is vital!

Cyber Attackers, Viruses and Ransomware

With the continuous amounts of cyber threats happening nowadays, it’s more than likely that your business has already been a victim, or will become a victim to a cyber attack. Attackers are thinking of all types of methods to access and control your information. Of course, installing anti-malware and anti-virus software is a good start to protecting your business data, however even with updated software most businesses still remain exposed to losing data from hackers, malware and ransomware.

How to Backup Your Data

There are various different ways to backup your data. Each is going to have its own procedures, therefore its important to know which method is best for you/your business. The more places you have data, the better your chances are of being able to restore it when needed. Don’t feel like you have to choose between locally storing your data and backing it up to the cloud. Why not do both?

  • Cloud storage offers a number of advantages compared to local storage. Cloud backups are secure offsite copies of data that are stored on remote servers, and accessed via an internet connection. In the event of a physical disaster, you’d typically not be able to recover damaged data unless it was backed up to the cloud.

Pros/Cons of Cloud Storage

As soon as you save an important file to your computer, you can automatically set your cloud system to backup the file.

You can share and work on files at the same time as other users, therefore improving workflow and accessibility.

Downtime can be a big factor to consider when deciding whether to use cloud computing for your business. Service slowdowns occur a lot, therefore can your business afford to lose temporary access to its data in the event of an outage?

  • An easy way to backup business data is to store multiple copies on local hard drives, tape drives, network attached storage systems, USB drives or other storage devices connected to your systems or network. These are easy and efficient solutions, however can be costly if they become corrupt or suffer from hardware failure.

Pros/Cons of Local Storage

The data stored on a local drive can be accessed almost immediately.

The user does not require an internet connection to access files and documents stored on local drive. Meaning users can access files on the go.

Locally storing your business data means that you also have to manually back it up. This can be quite frustrating for the user after a while, as it’s time consuming and isn’t efficient.

Cases of Data Loss

JP Morgan Cyber Attack

The JPMorgan Data Breach

The 2014 JPMorgan Chase data breach was a cyber-attack against the US bank, that was believed to have compromised data associated with over 83 million customer accounts. The firm had failed to upgrade one of its servers with 2-step authentication, leaving it open to attacks from hackers. Had JPMorgan implemented the dual password security measure, the hackers would’ve found it much more difficult to gain access, and therefore would’ve most likely prevented them from accessing millions of customers confidential data.

The eBay Cyber Attack

The online marketplace reported a cyber attack in May 2014, and claimed that hackers got into the company network using the credentials of three corporate employees. The hackers had account access for 229 days, in which they were able to make their way into the user database. Overall, the hackers exploited names, addresses, dates of birth and even encrypted passwords.

eBay data breach

If you want to find out how we can help you implement efficient and reliable data backup solutions, please feel free to drop us an email at info@ourtechteam.co.uk, or give us at call on 020 3794 1414.