[ Backup and Recovery Tip] A Few Stats on Lost Data

At Peak Technologies, our comprehensive data analysis reveals that a significant portion of data loss can be attributed to end user or a human element. According to Veaam (a preferred backup and disaster recovery partner of Peak technologies BTW) showed in their research the following:

• The human element: 82% of breaches in 2021 involved a human element, such as error or misuse.
• Hardware failure: Hardware failures are one of the leading causes of lost data, with some surveys finding that they account for up to 43% of data loss.
• Malicious software: Malware and scams also pose a significant risk. A recent survey found that 86% of organizations had at least one user who tried to connect to a phishing site.

In examining some additional statistics from Acronis a world wide leader in data protection they state 41% of users are not backing up their data in any way at all. Taking that into account we can really start to see why data loss is so impactful to a business.

How impactful you ask? Lets look at some more statistics:

• 93% of companies that lost their data center for 10 days or more due to a disaster filed for bankruptcy within one year of the disaster. 50% of businesses that found themselves without data management for this same time period filed for bankruptcy immediately. (National Archives & Records Administration in Washington)
• 94% of companies suffering from a catastrophic data loss do not survive – 43% never reopen and 51% close within two years. (University of Texas)
• 30% of all businesses that have a major fire go out of business within a year and 70% fail within five years. (Home Office Computing Magazine)
• 77% of those companies who do test their tape backups found back-up failures. (Boston Computing Network, Data Loss Statistics)
• 7 out of 10 small firms that experience a major data loss go out of business within a year. (DTI/Price Waterhouse Coopers)
• 96% of all business workstations are not being backed up. (Contingency Planning and Strategic Research Corporation)
• 50% of all tape backups fail to restore. (Gartner)
• 25% of all PC users suffer from data loss each year (Gartner)

Bottom line is, end user are more likely to make a drastic mistake and deletes data or clicks on something that starts the snowball of disaster down the mountain of momentum. The platform your systems are on doesn’t matter all that much when it comes to the human factor and that data loss can quickly become a business crippling problem for a plethora of reasons.

As a leading provider of managed information technology services, we understand the critical importance of safeguarding your data assets no matter where they are housed. Our technical support, and managed backup services, along with the security services we provide are all designed to work together to mitigate risks and ensure the seamless operation of your IT infrastructure. By addressing the root causes of data loss, providing solid cloud as well as on premise backup solutions, as well as implementing a properly configured security and data loss prevention solution we empower businesses to proactively protect their valuable information and maintain operational continuity. Trust Peak Technologies to provide the expertise and solutions needed to safeguard your data.