Cheap Data Backup Solutions
Research on enterprise data breaches from various countries indicates that costs related to data security hacks rose to $4 million in 2021. More alarmingly, along with the rise of ransomware attacks (an attack happening every 11 seconds, Cybersecurity Ventures), the cost of downtime is also increasing. Veeam’s 2022 Data Protection Report found the average cost of downtime to be around $88,000 per hour or $1,467 per minute. SMEs now find themselves in a quandary where they cannot afford to spend as much as big businesses on data security and neither can they not afford to. A single serious enough breach may be enough to wipe out an organization altogether. While it might be tempting for organizations to opt for cheap data backup solutions and hope for the best – it might be the costliest way out. A cheap data backup solution is only good for the short term. Eventually, it will become too expensive or incapable of protecting your data, leaving you with no choice but to switch to another option. For comprehensive security solutions for your local business, please refer to IT Support Redding.
Not Secure Against Cyber Threats
As the threats from cyber-attacks are increasing, it is important to protect your data. Your existing backup solution may not be able to withstand a cyber-threat. For instance, if you’re infected with ransomware and cannot recover your data through backups, you could lose months’ worth of critical business documents or financial records — resulting in major losses for your company!
To protect yourself from these types of attacks, look for solutions designed specifically for this purpose. When choosing a cloud service provider, it’s important to consider the security of your data. Look for a provider that offers features like top-notch encryption, along with other tools to protect your files. In addition, consider investing in in-house data backup methods for extra protection.
Increased Bandwidth Cost
Bandwidth can become a bottleneck in your business if not used strategically. If you are using cheap data backup solutions, it might not be able to handle the amount of data that you need it to. Bandwidth is expensive, so you will need to pay for more bandwidth or move onto the next solution for a better one that meets your needs. ISPs rarely advertise upload speeds (that you need in order to effectively back up all your files), because higher upload speeds nearly always cost more. With a cheap backup solution, the process might be even slower resulting in more bandwidth usage.
Storage Technology May Not Be Secure
Cheap data backup solutions are often not secure. Cheap storage technology can be easily hacked, corrupted and lost, putting your files at risk. Such storage is also a privacy risk as they make it easier for third parties to access your data without your knowledge. Such solutions can also land in legal problems if you’re using cloud solutions that improperly store personal information, such as credit card numbers or social security numbers. Finally, cheap storage increases the likelihood of data loss from disasters and cyberattacks. For cost-effective and secure storage solutions for your business, consider reaching out to Managed IT Services Fresno.
File Sync Cannot Replace Proper Backups
File sync (also called “cloud backup”) may not be all that you hope for it to be. It can’t replace a proper backup solution for your business, and you shouldn’t trust your data to it.
The problem with file sync services is that they’re designed to only protect the most recent version of a file. If you make changes to that file again at any point in the future, then those changes will be overwritten by the new version and there is no way for you to recover them. This means that if something happens to your computer or phone—or even if an attacker gains access using malicious software—they’ll have access not only to your current working files, but also all previous versions of them too!
Data Restoration Issues
In order to ensure your data is restored in case of a catastrophe, it is important to understand how to restore your data. One factor that differentiates cheap from premium software is the ability to test a backups restore functionality. If you cannot restore your data, you will not only damage your brand but also run the risk of incurring penalties due to compliance violations. Manual restoration could take hours to complete, but it offers many advantages. Additionally, you can make up for the shortcomings of automated restoration testing. When performing manual restoration testing, it is important to test application, data, and operating system integrity; scan for viruses before and after restoration; restore your backup in an isolated environment; build a report based on findings etc. Cheaper services will not give you these options; however, if you have pricier software that offers automation options and if you manually perform these tests once in a while then you’ll have a more reliable restoration process. Some cheap data backup solutions may not be able to restore your data at all.
Unable to Protect Sensitive Data
When you’re choosing a data backup solution, it’s important that you choose one that can protect sensitive data. Sensitive data includes any type of information that would be damaging if stolen or made public. This includes employee records, medical records, financial information such as credit card numbers and social security numbers, trade secrets and other intellectual property like software source code for your company’s apps or website.
The solution should encrypt all of this sensitive data so that it is protected from breaches and hacks by malicious hackers. The solution also needs to be able to prevent ransomware attacks against your network in order to protect all of your valuable files. The solution that you choose must be capable of handling high-end security to keep your data safe from breaches, hacks, and data theft. The ideal tool will have multiple layers of protection that can withstand cyber threats. Cheap data backup solutions may not be able to secure your customer/ user information effectively, jeopardizing their privacy, leaving them vulnerable to identity theft and a host of other issues. Failure to protect sensitive information will also attract serious regulatory ire and hefty penalties for your organization. If you have faced data privacy issues in the past, IT Consulting Fresno will be able to help.
George Passidakis is the Director of Sales and Marketing at Apex Technology Management, providing IT Consulting Sacramento, Redding & Sacramento. George has 30+ years of experience as an Information Technology professional. He also has extensive knowledge of Microsoft technology and other SMB IT products and solutions. Stay connected via LinkedIn.