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Reflecting on data backup best practices on the eve of World Backup Day
For many firms, data backup plans are like insurance policies: they figure they’ll never really need them and every dollar invested is done so with regret. But woe to any organization that finds its systems going offline for any length of time and its vital data rendered inaccessible. Consider these sobering statistics: 93 percent of companies that lost their data center for 10 days or more during a disaster filed for bankruptcy within one year of the disaster (National Archives & Records Administration); and of companies that suffer catastrophic data loss, 43 percent never reopen and 51 percent close within two years (University of Texas). With those stats in mind, March 31 marks World Backup Day, the perfect time to reflect on how well organizations are doing at protecting their data. To aid in the process, Information Management asked several IT security experts for their best practices advice.
Good data security begins with good security professionals
“Research by Ponemon in 2017 shows that the average total cost of a data breach reached $3.62 million, with a 27.7 percent likelihood of a recurring material data breach over the next two years. With the overload of data being created by devices and apps, that number will soar over the next few years. But what can companies do to secure their digital business? They can proactively address the security challenge, and World BackUp day can be the perfect reminder for individuals and businesses to secure the applications that are the lifeblood of their business: back-up, patch-up, and remediate vulnerabilities. To address this challenge, however, we need to encourage security education across all teams responsible for developing and maintaining secure apps. It’s on us—security vendors—to help organizations bridge the divide between the security and development teams so that they’re all working together towards the safety of the business, and the safety of everyone navigating the digital ecosystem through applications.” Craig Hinkley, chief executive officer, WhiteHat Security