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The Issue |
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In
the modern business world, companies regardless
of size are required to protect the data
they hold. This data can for example be
about their customers, suppliers, products,
sales or employees. It may be built up over
years of trading and is typically of much
higher value than the hardware on which
it is stored. |
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The
requirement to protect your business data
is not just a legal one,
but also a critical component of good business
practice. |
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The problem
is that the data which businesses are trying to
protect is most likely to be created and stored
on devices away from the central servers which
are protected by backups. This unprotected data can literally
be anywhere in the world on desktops, laptops
or mobile devices. |
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Traditional
backup solutions which rely on centralised data stores such mapped drives or users with network shares to put their data on cannot protect the data on remote devices or in remote offices. A
new type of backup strategy is required
which protects data regardless of its location,
does not require mobile or remote users
to connect to their office network to backup
their work and delivers superior recovery
performance compared to traditional backup systems.
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The Impact
on Your Business of Not Protecting Your Data |
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The News Media
is full of stories about businesses who, failing
to take appropriate measures, believing it
would not happen to them or through just plain
bad luck, have been brought into the spotlight
as examples of headline-grabbing data security
incidents. |
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In
the event of losing some or all of your
business data, how quickly could you get
your business up and running, if at all? |
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The
impact on your business of such an incident
can be catastrophic. Over 40% of businesses
suffering large scale data loss never reopen
[i] and
in the UK, the average data security incident
costs approximately £5000 [ii].
Damage is not limited to the data which
has been lost. There can be serious consequences
from even the smallest incident;
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The cost of recovering from the incident can far exceed expectations.
Hardware and software may cost a few thousand
pounds to replace, but the value of years
of accumulated business data is likely to
be measured in tens or even hundreds of
thousands of pounds. |
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Years
spent developing company and brand reputations
can be ruined beyond repair within seconds.
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Legal
action for failure to comply with regulations
is possible. |
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Customers
or suppliers will take their business to your
competition and may also consider litigation
where negligence is assumed to have occurred. |
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Time is money
and it is the unforeseen amount of time it
takes to recover from these events which is
probably the most underestimated component
in the recovery plan and the hardest one to
cost out. How long can you afford not to be
able to transact business? |
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Most computer
users have experienced the results of data
loss; the frustration and the inordinate amount
of time it takes to get back the data they
lost; the wasted hours and the impact on their
ability to do their job. |
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The
Contingency Planning Research &
Strategic Research Corporation
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[ii] |
DTI report
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