Backing up data is important for companies that are storing business-critical data on their devices. According to recent research by managed online backup and recovery solutions provider Backup My Info!, 98 percent of respondents said it would be unacceptable to wait for longer than one day to restore data after an incident.
Cyberattacks happen to many companies, and in many cases, there is nothing they can do to defend against them. By protecting their customer’s data with cyber liability insurance, they can be assured an essential measure of financial security.
“Backing up your data is only the first step in protecting your organization,” said Jennifer Walzer, CEO of BUMI. “What really counts is how quickly and effectively you can recover your information. A common misconception is that once backups are put into place, you’re all set. Unfortunately, data backup is not a flawless process. Glitches occur and hardware fails.”
Results from the survey showed about 24 percent of businesses do not test their restore process, and 17 percent of respondents check their process once per year. Businesses expecting to restore data after an incident should consider their testing policies and institute more frequent tests if necessary.
