Disaster recovery plans and the preventative measures they include are essential for stopping disasters from occurring in the first place and although disasters may not always be avoidable, having a recovery plan helps to reduce the potential damage and quickly restore operations when one occurs.
From data security breaches to natural disasters, you must be a plan in place in case of a catastrophe. Not having a disaster recovery plan in place can put the organization at risk of high financial costs, reputation loss and even greater risks for its clients and customers.
Every day, your business relies on documents, applications, and existing data to function. What would happen if you suddenly lost access to these things? For many businesses, it would be a significant problem, leading to a loss in profits and possibly even needing to close the business. With a disaster recovery plan, you can reduce your downtime and get your business operating again.
5 Reasons You Need a Disaster Recovery Plan
The world is unpredictable, and disaster could strike at any time. You buy insurance to protect your business financially against losses, but insurance can’t replace valuable data and the key applications that make your business work. To protect these items, you must plan ahead, creating a plan to restore your data when it is lost. Consider these five situations that could strike your business.
1. Natural Disasters
Mother Nature can be cruel. Storms, fires, and floods can all do irreparable damage to your business. Without a disaster recovery plan in place, you may find it extremely difficult to resume operations, putting the future of your company in jeopardy. 80% of companies that close for more than 5 days never reopen, so getting back on your feet is crucial in the event of a natural disaster.
2. Hardware Failure
Whether from a power surge or other cause, if your hardware fails it can take all your data with it. While you can take steps to protect your hardware with cooling systems, power surge protectors, and other technology, it is essential to regularly back-up your data. Using a cloud-based or off-site storage can add additional protections, as it is unlikely both locations will be struck at the same time. Your disaster recovery plan should include these steps, to ward off the potential data loss that could occur.
3. Human Errors
No one is perfect, and that includes you and your employees. Forgetting to save changes, accidentally deleting an important document, or flipping the wrong switch could lead to a significant loss for your company. Training programs can help reduce errors, but the only way to keep your business truly safe from a data loss due to human error is to back-up data regularly.
4. Cyber Crimes
Unfortunately, cybercrimes are on the rise and most businesses are affected at some point. A virus or ransomware attack could hold your data hostage, grinding your business to a halt and causing massive profit losses. Your disaster recovery plan should include steps to recover from a hacking attempt, keeping your data safe and accessible.
5. Customer Service
Ultimately, you need a disaster recovery plan to provide your customers the service they have come to expect from you. If your business must shut down, or has a prolonged service interruption, you could lose valuable customers to a competitor. The faster you can get back on your feet, the happier your clients will be.
No business is immune from the risk of losing access to their data and applications. A disaster recovery plan can help assure that a loss is minor and temporary problem, restoring your business operations quickly. This checklist can help you get started in creating a plan that can protect your business from a variety of potential disasters.