{"id":6129,"date":"2016-06-08T11:07:28","date_gmt":"2016-06-08T01:07:28","guid":{"rendered":"https:\/\/www.backupassist.com\/blog\/?p=6129"},"modified":"2016-06-08T11:07:28","modified_gmt":"2016-06-08T01:07:28","slug":"most-smbs-at-risk-of-closure-bankruptcy-data-loss","status":"publish","type":"post","link":"https:\/\/www.backupassist.com\/blog\/most-smbs-at-risk-of-closure-bankruptcy-data-loss","title":{"rendered":"More SMBS at risk of closure than ever; BackupAssist"},"content":{"rendered":"

\"Bankrupcy-smbs-data-loss\"<\/a><\/p>\n

The results are in; almost half of small to medium business owners (SMBs) are at risk of closing their doors forever due to bankruptcy.<\/strong><\/p>\n

It sounds dramatic, but it\u2019s true. In fact, many SMBs\u00a0have already filed for bankruptcy and are warning others. The thing is, their pleas fall on deaf ears. Why?<\/p>\n

<\/p>\n

The problem we\u2019re talking about is data loss. Yes, I know, on the scale of disaster-related topics, it\u2019s not very sexy. Compared to stock-market crashes, office explosions or hostile takeovers, data loss is the small, glasses-wearing guy in the corner of a room filled with Swarzeneggars and Stallones.<\/p>\n

Over two-thirds of businesses have been taken down by data loss1<\/sup>. Two thirds<\/em>. Just let that sink in a second; if you experience data loss, there’s a two-in-three chance your business would not survive.<\/p>\n

So why do SMBs not take it seriously?<\/p>\n

It can\u2019t be that many, surely?<\/h2>\n

Yes, it is<\/strong>. In the UK, 68% of SMBs said they had no strategy to recover from data loss or a data breech2<\/sup>. Don\u2019t think you\u2019re more enlightened if you live in the U.S. either\u201490% of U.S. SMBs don\u2019t even bother to protect their corporate or consumer information3<\/sup>.<\/p>\n

That\u2019s a phenomenally huge number when you consider most businesses can\u2019t handle data loss of any kind. Now that we\u2019re moving into a digital age where hackers are actually offering out their easy-use software to anyone who wants to hold your business data to ransom, it\u2019s even scarier.<\/p>\n

It’s really baffling since it\u2019s so easy for SMBs to circumvent bankruptcy and data ransom. All they\u2019ve got to do is use a proper backup plan<\/a> and software<\/a>, and hey, presto. No more worries.<\/p>\n

So why, WHY<\/em> are SMBs not doing this very simple thing and protecting their crucial data? Since that\u2019s one thing there\u2019s not much statistical data on, all we can go with are thoughts\u2014here\u2019s mine.<\/p>\n

\"data-loss-smbs-server\"<\/a>
Too many small to medium businesses don’t think about data loss\u2014until it happens.<\/figcaption><\/figure>\n

\u2018It Won\u2019t Happen To Me\u2019<\/h2>\n

Let\u2019s face it; this is the reason for most people not protecting themselves or the things they own. People don\u2019t get insurance or take precautions because the idea of something bad happening to them seems hard to swallow, until it is happening, and then shock sets in.<\/p>\n

It would explain a great deal as to why so many SMBs have no data protection whatsoever, yet still state they could not survive without said data. They believe the likelihood of experiencing data loss is so low as to not bother with.<\/p>\n

Wrong. Outages are a constant occurrence, and with every outage comes the possibility of data loss. In the last two years, over 50 percent of businesses experienced an unforeseen interruption, and 81% of these caused the business to be closed for one or more days4<\/sup>.<\/p>\n

‘Hackers don\u2019t bother with SMBs’<\/h2>\n

WRONG (Seriously, big caps)! The automated delivery of ransomware and other viruses means SMBs are equally at risk, just less likely to be able to pay for their data back.<\/p>\n

Ask yourself this. Who is at more risk from automated viruses; an enterprise-sized company with a dedicated, highly-trained IT staff ready to intercept ransomware attacks, or a small to medium business with little to no protection\u00a0plan?<\/p>\n

\"Data-loss-hacker-smbs\"<\/a>
Small fish are the first to get eaten, not the last.<\/figcaption><\/figure>\n

\u2018It\u2019s too expensive\u2019<\/h2>\n

In some cases, where a backup and recovery software charges you for every single unneeded software tool in their toolkit, I agree. For a SMB, being burdened with the upfront or monthly costs for a fully-featured software package can be daunting, especially if it\u2019s a \u2018what-if\u2019 scenario.<\/p>\n

That said, there\u2019s BackupAssist<\/a>, which has a \u2018pay for what you need\u2019 setup which immensely drops the price. Instead of paying a thousand dollars upfront for a full package, you can pay for less than a third of that, plus throw in some extras<\/a> if you want them.<\/p>\n

Considering the cost of a decent computer is about a thousand dollars, and your organization\u2019s data is worth much more than a single machine, it\u2019s really a no-brainer.<\/p>\n

No Excuses!<\/h2>\n

If you\u2019re running an SMB with no backup and recovery software<\/a>, or a decent recovery plan<\/a>, you\u2019re playing Russian roulette with your organization\u2019s future. If you want to hear more about the risks of running without a backup strategy, give this article a read<\/a>.<\/p>\n

 <\/p>\n

    \n
  1. DTI\/Price Waterhouse Coopers<\/li>\n
  2. ITProPortal, Citing CSID study<\/li>\n
  3. The Guardian, Citing a McAfee report<\/li>\n
  4. ZDnet, Citing Gartner<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    The results are in; almost half of small to medium business owners (SMBs) are at risk of closing their doors forever due to bankruptcy. It sounds dramatic, but it\u2019s true. In fact, many SMBs\u00a0have already filed for bankruptcy and are warning others. The thing is, their pleas fall on deaf ears. Why?<\/p>\n","protected":false},"author":3,"featured_media":6141,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22,23],"tags":[451,329,330,452],"class_list":["post-6129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interest","category-news","tag-businesses","tag-data-loss","tag-data-loss-prevention","tag-smbs"],"yoast_head":"\nMore SMBs at risk of business closure than ever; BackupAssist<\/title>\n<meta name=\"description\" content=\"The results are in; almost half of small to medium businesses (SMBs) are at risk of bankruptcy and closure. 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