It only takes a second to lose all your company’s information. And believe that if you are not prepared in advance it takes a long time to recover the day-to-day operations of your business. As a rule, human beings only remember to solve problems after they happen and unfortunately, few organizations really invest in business continuity plans and data recovery solutions like RAAS. The loss of data for a business can be completely fatal, so it is essential to know the real cost of information loss for companies.
Financial losses
All losses make us lose money at first. If our business comes to a standstill, we will not be able to produce or respond to requests and this is undoubtedly reflected in the company’s financial area. Even if you are able to recover lost or stolen data, if you don’t have an instant data recovery solution you will have a period of interruption and there will inevitably be monetary loss for the business.
Waste of time
Employees have their tasks well defined and when it is necessary to redo a job there is a waste of time. Employees who are responsible for resuming normal business activities will be prevented from carrying out their daily activities and this will be reflected in an accumulation of work. In addition, having to redo tasks can also lead to general demotivation on the part of the teams. And, again, the financial losses are underlying here: the teams have accumulated work, produce less and the company misses opportunities.
Loss of sensitive information
The loss of sensitive data, such as bank details, is a problem and this information is a favorite of hackers. Losing financial data can become a real nightmare, as the financial losses can be huge (again, we have the financial issue present!). Unfortunately, we cannot completely eliminate the likelihood of suffering an attack, but we can be careful. If you are out of the office and need to access important information, you should always use a VPN connection. A VPN (virtual private network) is a type of private connection that uses a public network to access your company’s data. Contains connection encryption that prevents data interception and IP tracking. This is the safest way to access company data through public networks and should be the only way the company allows employees to access corporate email outside the internal network.
Loss of customers
Ultimately, due to data theft and exposure, companies may lose customers, as trust is broken when customers know that the company doesn’t effectively protect their data. In addition, getting new customers can become really difficult after a company has its data exposed.