09/23/2021 | Press release | Distributed by Public on 09/23/2021 07:28
By Magna5
Data is the lifeblood of busy organizations. Worldwide data is expected to explode to 175 zettabytes by 2025, representing 61% CAGR1. 51% of the data is expected to be in data centers and 49% will likely be in the cloud. 90 ZB of this data will be from IoT devices in 2025. And 80% of data is predicted to be unstructured by 2025.2 With such exponential growth and dependency on data, the stakes of protecting mission-critical data have never been higher.
The need to build resilience to avoid downtime
Organizations today are being digitally disrupted almost daily. Rising cybersecurity threats. Unpredictable natural disasters. Power outages. Equipment failure. You name it. Data backup and recovery safeguards critical data, applications and systems from permanent loss that can cause major business disruptions.
As a busy "as-a-service" managed security provider serving customers nationwide, our teams at Magna5 regularly tell our customers to be prepared for the unexpected. Recently, one of our customers, a multi-state supplier of technical motion and control systems and industrial lubrication solutions, was a victim of a ransomware attack. Fortunately, they were able to bounce back quickly. We were providing VMware image-based backups with off-site replication leveraging Commvault software. As a result, we recovered multiple Windows systems, including web servers and Microsoft SQL servers, on our hosting platform located in our secure Iron Mountain datacenters. The customer also had an offsite air-gapped copy of their data that allowed them to fully recover and resume business operations after the ransomware attack.
Many organizations are not so fortunate. Research shows a business will fall victim to a ransomware attack every 11 seconds in 2021.3 The average cost of a data breach is $3.86 million.4 Roughly 40-60% of midsize businesses never reopen after a disaster.[add source citation] Even more eye opening … 90% of businesses that experience a disaster and do not resume operations in five days go out of business within the first year.5 With regular data backup, organizations can ensure data security and business continuity in the event of data loss. To bounce back quickly in the event of a disaster, a fully managed backup-as-a-service strategy makes a lot of sense to avoid downtime when catastrophe occurs.
What questions should you be asking when determining the right Backup-as-a-Service for your organization?
A checklist to get you started
To avoid business disruption or downtime, here is a good checklist to help ensure your organization can respond rapidly when disaster strikes.
Conclusion
Safeguarding your data with reliable backup should not be a battleground. Managed data backup-as-a-service with seamless recovery can provide organizations with better assurance their data and network recovery are in good hands. If you need to team up with a trusted partner, do not wait for a disaster to strike. Let Magna5's experts do the heavy lifting of managing and monitoring your data backup activities to protect your organization's critical assets … on-premises, in the cloud or wherever your data resides.
Magna5 provides managed IT, voice and connectivity solutions to mid-market and enterprise customers nationwide, including leaders within the education, healthcare, government, financial services and other industry segments. Within the managed services offerings, Magna5 provides security services, data backup, disaster recovery management, hosting services, and IT consulting from their 24/7/365 fully staffed Operations Center. The company also provides voice and data services, as well as a host of "above the net" cloud services, and operates a proprietary, secure network designed to leverage diversified carriers and infrastructure in targeted points-of-presence (PoPs) throughout the United States, a key strategy for network reliability.Headquartered in Frisco, TX, Magna5 operates nationally and has office locations in Pittsburgh; San Antonio; Seattle; and Troy, NY.
References
1 IDC, "Data Age 2025" [Seagate] [Aparavi]
2 IDC, as quoted by Data Management Solution Review, "80 Percent of Your Data Will be Unstructured in Five Years" [Solutions Review] [Aparavi]
3 Cybercrime to Cost the World $10.5 Trillion Annually by 2025 [Cybersecurity Ventures]
4 Average Cost of a Data Breach in 2020: $3.86M [Dark Reading]
5 A Good Business Leader Will Prepare for a Disaster. Here's How [Environmental Defense Fund]