Assuming your Information Technology systems will remain functional because you haven’t experienced a disaster in the past can threaten your business’s continuity. Having an IT disaster recovery plan will help protect your business from a damaged reputation, loss of revenue, instability, reduced productivity, and loss of data. The disaster recovery plan will help you focus on essential aspects of your business without worrying about IT downtime. Here are essential steps to establishing an effective IT disaster recovery plan for your business:
The internet has changed the business world as we know it. While most businesses will profit from being online, a lot of them still aren’t aware of the risk cyber threats pose.
According to a recent IBM report, the average cost of a cyber attack in 2020 was as high as $3.4 million. Moreover, it can take businesses up to 200 days to recover from that attack. The average cost of ransomware has also increased in 2020 to $200,000 compared to $5,000 in 2018.
So, why are small businesses prone to cyber-attacks? Here are four mistakes that they are probably making: