All the big headlines go to ransomware these days, but there’s another threat that remains one of the top causes of data loss: natural disasters Rain, flooding, fire, earthquakes – the list of threats goes on and on. And when they strike, they pose a serious risk to your IT infrastructure, especially your data. In this post, we take a closer look at how to avoid data loss from natural disaster.
We already know that 90% of businesses experience downtime at some point, leading to losses in productivity and revenue. But how do natural disasters play a role in those statistics? Here’s what we know …
Power outages cause 35% of unexpected downtime
You don’t need a Category 5 hurricane to lose access to your critical data. One survey found that power outages cause roughly 1 in 3 downtime events at businesses around the world. And when it happens, data loss is inevitable. In a sudden outage, workers often lose their work in progress. And in worse-case scenarios, hard drives can be corrupted in the process.
40-60% of small businesses never reopen after disaster
Natural disasters literally destroy businesses, and the smallest companies are the most vulnerable. According to FEMA, up to 60% of businesses never reopen their doors after a major disaster. And among those that survive, less than a third survive another two years before shutting down for good. The reasons are wide-ranging: too much data loss, too much downtime and even communication failure following the disaster.
90% of small companies fail within a year if they don’t do this one thing…
FEMA has also found that 9 out of 10 small businesses will close within one year if they don’t resume operations within five days after a natural disaster. This reveals how costly the downtime can be. The longer a business stays closed, the more the costs rack up—often exponentially.
Businesses that lose their IT for 9 days go bankrupt in a year
Another FEMA stat, highlighted by Forbes, shows how data loss and other IT disruptions can be the most destructive outcomes of a natural disaster. Businesses that “lost their information technology for nine days or more after a disaster” filed for bankruptcy within a year.
43% of companies go out of business after a major data loss
A study conducted by Gartner Group found that 43% of businesses that experienced a “major” data loss from natural events and other disasters went out of business for good. Another 51% went belly up within two years. If you’re doing the math, your jaw should be on the floor — because this translates into only a 6% survival rate (!!) for businesses that lose their critical data.
Natural disasters aren’t the biggest cause of data loss
While natural disasters pose a persistent and destructive threat to your data, they are not the top cause of data loss. In one survey, only 5% of businesses said that natural disasters were the top cause of data loss at their organizations within the previous year. That should come as no surprise to IT folks. After all, it’s not every day that a hurricane or tornado destroys your infrastructure. But it is every day that files get accidentally deleted or compromised by things like malware and hardware failure.
What kinds of natural disasters?
While we don’t have specific data on which natural disasters cause the most data loss, we know that these events can take many forms. It’s not just the “big” ones like hurricanes that businesses need to be concerned about. From fires to ordinary rainstorms, even the “smallest” natural disasters can quickly snowball into a catastrophic data loss. Here are some of the disasters you need to plan for:
How to prevent data loss from natural disaster
Okay, so you know the risks. What can you do about them? While you can’t stop Mother Nature, you can make sure that your data is protected (and quickly accessible) no matter how devastating the disaster. Here’s how:
Final words of wisdom
Natural disasters are a serious threat, and their potential for destruction is what gets all the attention in the news media. But don’t forget that other causes of data loss are much more common. On any given day, you run the risk of losing important files due to human error or malware. A good hybrid data backup system will ensure your data can be quickly retrieved, regardless of the disaster.
Learn more about your data backup options
Get more information on how your business can prevent data loss with smarter backup and disaster recovery solutions from UDI by contacting us at 504.934.7100.