Is Your Business at Risk to Data Loss?

document security

Most modern businesses have integrated digital processes into their routine workflows. In 2018, there are very few businesses that cannot benefit in one way or another from digital technology. While this technology has made a significant impact in offices around the world, it does not come without serious risks.

With digital integration comes the risk of data loss. Devices and networks are gold mines for hackers, and every business of any industry has the potential of being targeted.

Are you at risk?

Modern technology does not always mean safer technology. Many businesses choose not to invest in additional security measures, like document security, because they assume that their high-tech devices are sufficient to protect data and information. If you have been operating without an additional line of defense, you are not alone. In 2016, Nationwide did a survey that revealed that 68% of small businesses in the United States do not have a disaster recovery plan. In other words, more than two-thirds of small businesses are not prepared to recover from data loss if they were to fall victim.

Data loss can occur a few different ways. Accidents happen when data is inadvertently deleted, hackers breach networks and devices to steal information, and natural disasters like fires and floods can ruin storage equipment.

What is the cost of being unprepared?

So how much does it hurt when an unprepared small business is a victim of data loss? A study done by Verizon revealed that a data breach can cost an organization between $18,000 and $36,000. For most small businesses, a cost like that could close the company.

If your business is unprepared for a data loss disaster, you can become prepared through document security solutions from EDGE Business Systems. Contact us today to start developing a disaster recovery plan that can save your business from additional repercussions from a disaster.