3 min read

10 Reasons Why You Need to Back Up Your Data

With World Backup Day approaching, it’s the perfect time to discuss all the reasons why you should back up your data and the risk you and your business are at by not doing so.

Let’s first start by explaining what a cloud backup solution is…

Put simply, it’s when a copy of your data is stored in the cloud, allowing you to retrieve it any time. This also differs from cloud storage and even they need a backup solution in place.

Here are 10 reasons why you need to have a cloud backup solution in place today, not tomorrow.

Why Should You Backup Your Data?

1. Reduce Downtime

Businesses operate in real-time with large amounts of data being processed and transferred every minute. Restoring what has been lost, while working as quickly as possible, is extremely time-consuming and disruptive to your organisation’s performance.

Why spend time fixing and trying to restore your systems and data (sometimes from the ground up) when you can just avoid these problems in the first place?

 

2. Your Competitor’s Advantage

Without a cloud backup solution in place, your better-prepared competitors that do will have an opportunity to push ahead, leaving you behind. Don’t let your misfortune become your competitor’s advantage.

 

3. Saas Apps Are Insufficient Data Backup Solutions

Although Microsoft and Google Workspace are popular programs, they are also attractive targets for cybercriminals and are insufficient alone for backing up your data. Yes, they have data backup and protection solutions, however, if you’re at fault for the loss of your data, they may not be able to restore it. At the end of the day, you as the business owner are responsible for your data.

 

4. Cyber-Attacks Not Slowing Down

Unfortunately, cyber-attacks are not slowing down but increasing, where reports show that at least 3.4 billion fake emails are sent around the world every day. This leaves most industries extremely vulnerable, which is why backing up their data to the cloud strengthens their cyber security defence.

 

5. Data Breaches and Small Businesses

SMEs are still extremely susceptible to data breaches, if not more, due to common misconceptions.

Small businesses commonly underestimate the value of their data, despite holding intellectual property, supplier information, employee details, customer details and accounts information in their IT systems. 95% of small businesses hold this information in their systems, making them an immediate target for cybercriminals. Backing up their data in the cloud helps keep their organisation and customers safe.

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6. Tax Reporting and Audits

It’s crucial for businesses to save their financial and accounting data for tax purposes. Backing up this data in the cloud preserves it, even after a disruptive event, allowing you to show your books to auditors and save face during audits.

 

7. Essential to Your Disaster Recovery Plan

If your business already has a disaster recovery plan in place, backing up your data is an extremely crucial component to that plan for things to get back up and running as smoothly as possible.

 

8. Annual Reporting

Business decisions revolve around accurate data-driven insights. In order to make effective business decisions, you need to have the correct data. This includes previous data reports to compare company performance. Having this data safely backup up in the cloud allows your organisation to make real decisions based on real data.

 

9. Client Relationship

Loss of data, especially sensitive client information, normally results in a major loss of public trust and the value of your company. This can obviously have a catastrophic effect on your organisation’s success. Managing your client relationships involves keeping your customers safe, and to do that you need to protect their data by backing it up to the cloud.

 

10. Additional Costs

Losing your data can also be extremely costly from repairing networks and restoring backups to replacing lost or damaged devices.

 

Tips…

Putting safety measures in place protect your business and data as much as possible. In order to do so, we recommend the following tips…

  • Back up your data!
  • Have a backup of your backup
  • Conduct a security risk assessment
  • Regularly train your employees
  • Use multiple layers of protection (MFA, VPN, firewalls)
  • Ensure software is up to date
  • Establish cyber security policies
  • Use Ransomware Detection
  • Know your responsibilities
  • Manage access to systems
  • Partner with a managed service provider to alleviate cybersecurity concerns

Conclusion

Preparation against data loss and data theft has never become more important where losing your files is far more common than most would expect. From the wasted downtime to reputational damage, incorporating a cloud backup solution is the first step to protecting your business from the consequences of data loss.

If you’re looking for your cloud backup solution provider in Sydney, TribeTech has got you covered. We understand the importance of our client’s data and are here to protect you and your business.

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