An organization does various things to ensure the effective growth of its business, right from taking precautionary measures to, implementing effective measures and network policies. Even insurance of various kinds are taken to ameliorate the losses should a mishap occur. When such measures are taken for tangible things then it is baffling to see businesses miss a trick by not employing a disaster recovery plan in the scenario of a security breach.
Irrespective of its size, a disaster recovery plan is crucial for every business, since it ensures that any security breaches are contained and business operations are not affected. The benefit of having a disaster recovery plan is that a business will earn the trust of its stakeholders, clients and law enforcement.
However, let us elucidate the effects business could bear at the absence of a disaster recovery plan.
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Data loss
Data is of paramount importance to any business, the loss of data could lead to the collapse of an entire organization. Data losses can occur in various ways and it’s often seen that organizations that experience severe data losses, do not recover easily. Sensitive data loss can also lead to loss of reputation along with monetary loss landing the business in a pickle of a situation.
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Effective Business Operations
Having a stagnant business operations means there is no productivity of any sorts which can once again lead to loss to the organization. In such a scenario, business productivity and employee productivity are both affected. Hence, without a recovery plan, it is near impossible to recover from a security breach. Making an alternate recovery plan will make things even difficult once the security incident has already happened. Consequently, the business will suffer from no or slow recovery happening.
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Recover Expense
According to IBM’s data breach report, the average cost of data recovery has increased by 12% over the period of the last 5 years. The cost of recovery is too high for some organizations which would prove to be fatal for businesses. The cost is affected by many factors like the cost to rekey the data, cost to cover the loss of productivity, emergency cost and even cost to settle the breach and more. Many organizations are not prepared to handle these costs and hence they opt to shut the business down.
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Loss of Clientele
Post a security incident, the clients whom an organization has served are not bothered by how the organization recovers, rather they are interested in knowing when they would recover or if the data they shared is safe. Having invested their time, money and trust in the organization and failing to deliver at their expectations could directly result in the loss of customers. If the clients come to know that the organization does not have a recovery plan in place that would create a doubt in their mind and the public image of the organization would suffer which would once again lead to the loss of clients.
It is clear as a day that disaster recovery is important to each and every organization yet we still preach the precaution is better than cure motto. Nemasis is not only a tool that would carry out various network penetration tests to appraise various businesses on its technological loopholes but also committed to empowering every business with needful training and resources for seamless business continuity and growth.
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