True Cost of IT Downtime: Cyberattack Costs are up by 80%

In this podcast, Dave Hodgdon explains how disaster recovery as a service works. He outlines the many different risks that can cause downtime. Then, he explains how investing in disaster recovery as a service can help safeguard your continuity plan.

Hi, this is Dave Hodgdon. Join us Thursday, December 8th from 8:00 AM to 9:00 AM for our next technology webinar on the true cost of IT network downtime. Cyber attack costs for US businesses are up 80%. According to Forbes, the average cost of a data breach to a small business can range from $120,000 to $1.24 million.

For a company averaging $10 million in revenue, downtime can cost up to $50,000 per day. Information technology brings tremendous value to your company by making operational processes more efficient, and by enabling new ways of doing business. But an inherent side effect of its value is our growing dependence on our IT systems. A service outage of even a few minutes can be extremely annoying. But an outage continuing for hours or a day brings a business to a standstill. Any event that disrupts key IT services for extended periods brings the potential of profound financial harm as well as your company’s reputation.

There are many types of events that can cause such a disruption. They include: natural disasters, such as a weather driven power outage from a snowstorm or flood. Unintentional acts like a maintenance crew cutting cables and fire started by an accident. Criminal acts by disgruntled employees, such as arson, tampering with IT hardware, software, or data. Risk inherent to IT, such as equipment failure, and even more, ransomware attacks or just plain bad luck. The backup generator seizes after a primary power failure. A water cool on the floor above the data closet develops a leak over a holiday weekend. A system fault causes the sprinkler system to engage.

To learn more of how to combat these risks with a solid disaster recovery plan, join PCG’s webinar and learn about the five key tips for disaster recovery. Or, call one of our technology experts at 603-431-4121.

Here are the five key tips you learned from this session: Are you aware that you can send your servers up in the cloud in less than 30 minutes? Do you have a known recovery time and point objective to meet your company’s uptime requirements? Are you sure your local and cloud backups and data haven’t been encrypted by a ransom attack? Are you backing up your Microsoft 365 platform, which includes your email, SharePoint, and OneDrive? 90% of companies are not doing this. Do you have a backup ISP, Internet Service Provider, that can fail over immediately, and can turn on, on your current firewall?

From your servers going down to a ransom attack or just plain bad luck, these are all the risks that you’ll need to plan for and have a recovery plan to minimize your downtime. You’ll want this all documented as part of your business continuity plan, and review this yearly with your Leadership Team.

We call this service DRAAS, D-R-A-A-S. This is Disaster Recovery Service, and we’ll go over how your investment in this technology will help on your return on investment, give you known up times on your network for your employees and clients, protect your reputation, and give you peace of mind in knowing that you have a solution place that provides great value in uptime and access to your company’s data 24/7.