Data loss
The True Cost of Data Loss
Nearly a third (31%) of the SMBs polled said it would cost them more than $500,000 if they lost their data, and 23% said it would cost them $100,000 to $499,999.
Preparation of SMBs for Data Loss
Surprisingly, 42% say they are fully prepared for a data loss situation while another 47% are somewhat prepared.
Putting the Business at Risk
Of the SMBs surveyed, 18% say their business would go under if they permanently lost their data while 23% said it would be very likely.
Impact of Data Loss
The No. 1 impact was a loss of profitability reported by 33% of respondents; 32% pointed to missed business opportunities as an impact.
Last Time Backed Up All Files and Documents
A full 32% say they backed up all files and documents as of that day, and 45% say they did so in the last week.
Percentage of Data Being Backed Up
63% say they back up more than 75% of their data.
The Backup Location
The vast majority, 70%, rely on an external storage device, but 56% say they also use the cloud.
Level of Employee Trust to Back Up Files
Surprisingly, 33% of respondents trust their employees completely while 53% trust them most of the time.
Use of Encryption During Backup
About 36% of SMB sites encrypt more than 75% of their back up data; 18% encrypt 50% to 75% of it.
Likelihood of a Security Breach
In the next 12 months, 12% say it is very likely their systems with be hacked, and 11% say it is somewhat likely. Yet 47% say it is somewhat unlikely, and 30% say it’s very unlikely.
Rogue IT Raises Ugly Head
While 18% strongly agree that end users making their own IT decisions is a definite problem, another 31% agree somewhat that it is. The other half, however, are not as concerned.
Personal Cloud Application Usage
While 29% say 1% to 10% of their employees are using personal applications for work, another 33% put the number at 21% or more.
Employee Understanding of Data Protection Policies
When asked to provide a ranking from A to F, 73% gave their employees either a B or a C.