It happens when you least expect it, when the timing is bad, when it’s the last thing you’re prepared to deal with. That’s why it’s a disaster. But the real disaster is that so few companies are ready with a plan to get them through one.
Most Don’t Have One
As per research done by Symantec in a study from 2011, 57% of small to medium businesses didn’t have a Disaster Recovery Plan or DRP. Those numbers don’t appear to be improving. From an article in February 2015, roughly 60% of businesses in Canada did not have a plan in place to address security incidents like massive hacks. This information comes from 2 online surveys done by analyst firm IDC Canada for Cisco, comprising 2000 Canadians and 498 Canadian businesses.
Questions addressed security preparedness, and topics like security policies, recent cyber attacks, and familiarity with mobile and cloud-based applications. The result? Per Cisco “many Canadian businesses operate without any security strategy for their networks and are ‘woefully unprepared’”.
It’s like jumping without a net. Per CRA, a managed IT solutions firm in NYC, that the average cost per day of IT downtime can amount to as much as $12,500. Many smaller businesses fail to recover from the financial losses they sustain, and go out of business within a year. As stated by Tom Richer, CRA Chief Sales & Marketing Officer:
SMBs that do not have a disaster recovery plan are taking an unnecessary risk. Not recovering quickly from a disaster or outage could mean the loss of many clients and revenue.
Read more about Disaster Recovery:
- Do YOU Have Your Plan in Place? A Real-Life Example of DRP in Action
- Backup and Disaster Recovery Services
So Why Not?
If we know the risks are growing and the costs of downtime are perilously high, why do so few companies have a plan in place? Below are the results from a recent survey done by Continuity Central. The numbers speak for themselves:
- Lack of budget, funds and resources: 35.6 percent
- Lack of top management commitment, buy-in and support: 16.4 percent
- Lack of business unit support: 6.6 percent
- The low priority given to BCM compared to other deliverables. 5.3 percent
- Organizational apathy towards BCM: 4.9 percent
- Staffing difficulties (loss of business continuity staff and difficulties in recruiting staff with appropriate qualifications): 4.8 percent
- Lack of time available for business continuity staff to manage all their tasks: 3.5 percent
Simply put, lack of preparedness equals a perceived lack of funds and an ongoing lack of buy-in. We are looking at the formula for disaster.
What Are You Waiting For?
Last year gave us
- Mass data breaches: illustrating how Point of Sale malware is increasingly pervasive, continuing to feed our valuable information into the coffers of cybercriminals across the globe
- The Sony Hack: how disgruntled employees become destructive forces we don’t anticipate
- Ransomware: cybercrime knows how to hold us hostage, and we pay regardless
- Natural disasters: global warming or not, tornadoes, hurricanes, massive blizzards shut down cities and businesses increasingly
Putting a Disaster Recovery Plan in place is a lot easier than cleaning up the aftermath of a disaster. There are many approaches and templates to work from (we can help with that!) but the best approach is to take the proverbial bull by the horns and get to work on your plan. Because the old adage holds true: failure to plan is a plan to fail. Don’t let it be yours.
- The 6 Most Common IT Issues That Hinder SMB Owners
- 5 Ways Software Can Slow Down Your Workflow
- How Off-the-Shelf Software Often Struggles to Meet Today’s Business Needs
- What Goes Into Creating Custom Software
- How Custom Software Can Eliminate Redundancies in Your Operations
- Your Dated Software is Costing You Clients
- Why You Should Replace Your Current Legacy System
- These Software Inefficiencies Are Hampering Your Competitiveness
- How to Ensure a Smooth Legacy System Migration
- Why You Need a Cloud Based VoIP Phone System
- Why You Need a Mobile Device Management Solution
- Leverage our Disaster Recovery Planning to Protect and Restore Your Company’s Data
- 5 Benefits to Choosing Managed IT for Your Healthcare Organization
- 6 Benefits to Choosing Managed IT Support
- 6 Questions to Ask Yourself Regarding Healthcare Managed IT
- 4 Common IT Security Vulnerabilities You Should Know About
- The Impressive Benefits of Office 365 for Small- and Medium-Sized Businesses (And How You Can Get Them)
- Waterfall vs. Agile Methodology in Software Development
- Can a Not-For-Profit Afford Managed IT?
- 7 Reasons Why Your Business Needs Enterprise-Grade WiFi
- Should You Fear Machine Learning?
- Technically Speaking
- Ransomware: Don’t Get LOCKY’d Out
- Laying in Your Security Foundation
- The Windows 10 Update: Be Wary of Shiny New Things
- An Example Of Why You Need A Disaster Recovery Plan (DRP)
- DRP: What Have I Got to Lose?
- Helping Those Who Help Others: Security for Non-Profits
- Security: One Step Forward and Two Steps Back
- Case Study