Data loss poses significant financial risks, with breaches averaging $4.88 million in damage. A significant portion of technology leaders report having faced data loss. The prevalence of cloud reliance compounds the issue, as most incidents occur there, yet many skeptics remain. Malware is a leading cause of data loss. In response, organizations should adopt a structured 10-step backup strategy to transform data protection from an overlooked necessity into a critical business function, adjusting methodologies as risks and regulatory requirements evolve.
One corrupt table or misconfigured bucket can stall an entire supply chain run. Fortunately, a clear-headed backup strategy turns that existential threat into a five-minute inconvenience.
IBM's 2024 Cost of a Data Breach report pegs the average incident at $4.88 million, including everything from emergency forensics to months of churned customers.
When InfraScale surveyed more than 71,000 U.S. technology leaders, 67.7% admitted their companies had already suffered significant data losses, forcing teams to scramble for workarounds.
In short, many organizations are already living through the consequences of inadequate backup and security hygiene - they just haven't appeared in the headlines yet.
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