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In the early days of computers, when most company files were still on paper, if your hard drive crashed, you might lose a few megabytes of images or small documents (because a computer couldn’t hold much more), and merely be inconvenienced. But today, most of our files are digital, contained not only on our own computer hard drives (which now hold Gigabytes of data), but also in cloud services, on servers, and spread across other devices. Data loss is no longer an inconvenience, now it’s something that could cause a small business to have to close its doors. Some sobering facts about the cost of data loss include: 93% of businesses that suffered catastrophic data loss lasting for at least 10 days, filed for bankruptcy within a year. The average failure rate for data backup/recovery is 75%. 40% of small to medium-sized businesses that don’t use an outside managed IT service will have their network accessed by a hacker in the next 12 months. Less than 10% of businesses back up all their data every day. While most companies know they should be backing up their data regularly, unfortunately, many either don’t or make common backup mistakes that cause them to lose their data anyway.  Let’s delve into the consequences of data loss for a business and how using some backup best practices, like the 3-2-1 backup rule, can help you protect yourself from losing valuable files. The Costs of Data Loss & How it Happens  We’re generating data at a rapid pace in this digital age, and that data is a valuable and vital asset for any company. From customer records to product marketing collateral to accounting records, these digital files can all too easily be lost, and without a strong backup and recovery system in place, that loss can be […]