5 Risks to business continuity you need to be aware of

Approximately 40% of businesses never reopen after a serious disaster. Whether their primary workplace is rendered unusable after a natural catastrophe, or a severe data breach results in an enormous loss of trust with customers, the risks have never been greater. If you’re not prepared for such eventualities, it’s only a matter of time before your business becomes just another statistic. The effects of such disasters can be mitigated by having a solid business continuity plan.

#1. Unplanned outages

Hardware failures and service disruptions can both lead to extended periods of downtime. Now that people have more options than ever before, it doesn’t take a lot for your customers to start looking elsewhere if they can’t, for example, access your website or reach customer support.

That’s why you must identify the business processes and data you can’t live without in the event of an outage. The maximum amount of data you can afford to lose and the maximum amount of time it should take to get a system back up and running are two of the most important parameters to address in your business continuity plan.

#2. Data breaches

Hackers are out in force exploiting system vulnerabilities to gain unauthorized access to confidential business data, which they’ll then sell on the dark web. Most companies don’t even realize they’ve fallen victim to a data breach until months after it actually happens and the damage has already been done. A proactive approach to information security is essential for identifying, evaluating, and mitigating potential threats before they have a chance to cripple your organization.

#3. Natural disasters

Many businesses still depend heavily on a central base of operations. But if it goes offline due to a natural disaster, the potential losses may result in the company closing its doors for good. This isn’t helped by the fact that it can take months to rebuild, which is more than enough time to lose all your customers.

Fortunately, the worst effects of a natural disaster can be mitigated by migrating your operations to the cloud where your applications, data, and processes will be backed up in multiple off-site locations. That way, your employees will be able to work from secondary premises or even from home if your primary workplace becomes inoperable.

#4. Ransomware attacks

Ransomware attacks might have dropped over the past couple of years, but they remain one of the biggest threats facing businesses of all sizes and industries. While it’s not always easy to avoid ransomware attacks altogether, it’s not nearly as difficult to mitigate their effects as you might think. By having an off-site backup, preferably in a cloud data center, you’ll always have a fallback if ransomware makes it onto one of your office computers and spreads across the network.

#5. Supply chain disruption

Today’s businesses entrust their data and operations to dozens of different companies, which can result in many single points of failure. For example, the massive Target data breach a few years ago resulted from a vulnerability in an HVAC company that the retailer was working with. While your supply chain and other third-party vendors are crucial to the continued operations of your business, it’s essential that you know where your data resides and which controls are in place to protect it. For critical suppliers that your company can’t function without, your continuity plan should always stipulate a second and, preferably, tertiary option to fall back on.

Netwize helps clients leverage modern technology to ensure they’re prepared for any catastrophe. Call us today to get a robust business continuity solution so you can rest easy.

Why you need a backup and disaster recovery plan

Your company relies on its documents and applications to keep customers happy and to stay in business. Imagine what would happen if you suddenly lost access to all of it. If you’re lucky, your business may be able to come out unscathed, but the reality is many businesses affected by a major disaster close their doors for good.

To mitigate the financial losses caused by unforeseen events, many companies take out cyber insurance policies. However, no insurance policy is going to help you recover from reputational damage or retrieve the critical data you’ve lost. That’s why you also need a documented backup and disaster recovery plan.

#1. Natural disasters

Storms, floods, and fires can all cause irreparable damage to your digital assets by destroying hardware and backup media alike. Unlike many other incidents, a natural disaster might also render your primary workplace inoperable. That’s why backup and disaster recovery planning isn’t just about data; it also needs to incorporate people and processes.

With cloud backups, employees should be able to resume working from home or from a secondary location using their own devices with little-to-no disruption.

#2. Human errors

Many disasters start with human error, whether that’s succumbing to a phishing scam, accidentally deleting an important document, or even failing to turn a computer off properly. Just flipping the wrong switch can lead to a significant loss that could easily have been avoided.

Training programs can help reduce human error and, most importantly, susceptibility to cyberattacks. You can also mitigate employee-induced disasters by tightening access controls and automating your backup routines.

#3. Cyberattacks

Cyberattacks can strike at any time, and small businesses are a favorite target among hackers. Data breaches are especially severe since they can cause serious damage to your reputation, which is one of the most valuable things any business has. Another common threat is ransomware, which can render your data as good as lost.

Every business must take a multilayered approach to protecting its digital assets, and backup and disaster recovery is one of those layers. If data is lost or stolen to a cyberattack, disaster recovery is often your last line of defense.

#4. Hardware failures

Hardware failures can lead to extended periods of downtime. While most hardware can either be fixed or replaced fairly quickly, any accompanying data loss is a lot harder to mitigate if you don’t have a recent backup. Often far worse than losing the value of the hardware is losing the data stored on it.

Businesses can better protect their data by reducing their reliance on hardware. With cloud technology, they can build a software-defined computing architecture that’s kept safe across multiple locations, with redundant systems kicking in whenever the primary fails.

#5. Compliance

Businesses need to comply with a growing number of regulations, many of which include strict availability standards. In other words, if you lose your data to a disaster, you could also end up paying a fine if you haven’t made every reasonable step to protect it. For example, HIPAA gives organizations five days to respond to requests for information, while SOX requires CEOs to report financial results each quarter and year-end. To ensure your data stays available through any eventuality, a robust backup and disaster recovery plan is, indirectly at least, a compliance necessity.

NetWize prepares companies for catastrophe with a comprehensive data backup and disaster recovery plan. We’ll help you implement the solutions and even maintain your backups, so you always have access to your most critical assets. Call us today to ensure your business can survive the worst.

VIDEO – Health Clinic Avoids Costly Downtime Thanks to NetWize and Datto

Advanced Health Clinic is an integrative medicine clinic serving clients all over the world. Their patients rely on various kinds of treatment for their healthcare needs.

Recently, the clinic experienced a power surge causing major damage to their servers. NetWize acted quickly to spin up the VM on their Datto device. Thanks to the quick thinking of our engineers, we were able to help Advanced Health Clinic save time and money by getting them back to normal business operations in no time. Learn more in the video below.

[youtube https://www.youtube.com/watch?v=gwH1M-T4voo&w=560&h=315]

Would you like to learn more about how NetWize helps companies with business continuity? Contact us today at inquiries@netwize.com or by calling 801-747-3200, option 1.

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