data loss prevention

Lack of Disaster Recovery Can Lead to Catastrophic Loss

By Michael
March 13, 2015

Data loss prevention might be a more important topic today than it ever has been before in the IT industry. Backing up files, increasing the viability of storage and finding more efficient backup strategies are all more desirable options in the light of potentially losing important information.

This is becoming especially prominent in the light of recent industry findings, which indicate that data loss could be the biggest overall concern in today’s modern business world. Without the right precautions, thousands of hours and dollars both could be lost, harming business practices for extended periods of time.

Seen as major risk
A recent survey of nearly 500 IT and risk management professionals conducted by Forrester Research found that data loss and theft is the single most significant risk seen in the modern business world, according to Kroll Ontrack. About 63 percent of survey respondents considered data loss the biggest potential issue in the marketplace, compared to just 55 percent worrying about their vendors delivering quality and timely services. This has been said to make the supply chain a “cyber-security minefield,” one that could lead to countless hours of downtime and issues.

A second survey from EMC, which spoke to more than 3,000 IT leaders in 24 countries, found that data loss may have cost companies around the world up to $1.7 trillion in the last year. Data loss rose by 400 percent in the last two years, with nearly three-quarters of organizations laking confidence that they’d be able to recover in the event that data was lost.

No easy fix after the fact
When data was lost, the survey found, the average business lost about 25 hours of working time. That’s untenable for any location when resources like tape and vault management exist.

B&L Associates offers several platforms, all the better to allow organizations better management of backups across locations and vaults. Its abilities utilize barcode scanning for more accurate tracking and easy-to-follow audit trails.