Protecting Your Company Against Catastrophic Data Loss: Five Things Small To Midsize Businesses Need To Know

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If you've been thinking that it's time to do something to bullet-proof your small-to-midsize business's critical data and systems – such as financial transactions, patient records or your email and Web retail storefront – you've been thinking right. Fifty percent of companies that lose their data go out of business immediately and ninety percent don't survive more than two years, according to research firm Baroudi Bloor International. That's a lot of unnecessary risk for something so preventable.

The causes and instances of data loss are much more commonplace than you might think – it's rarely an act of God. In fact, it's usually just an easily corrected system or user error, if you've protected your data correctly. Only three percent of all data loss is caused by fire, flood and other such disastrous events. The most common causes are hardware or system malfunction (44 percent), human error (32 percent), software corruption (14 percent) or viruses (7 percent).

"There are very good reasons for protecting your important business data," according to Bob Schaefer, CEO of Breece Hill, whose company manufactures iStoRA, an integrated disk and tape-based backup, recovery and archiving appliance. "Obviously, you need it to run your business. But beyond that, businesses face a growing list of strict legal requirements, and the need to be prepared for any potential lawsuits or audits that might follow events such as an employee termination, worker injury or the sale of the company."

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•White Paper: Five Things To Know About Backup