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SMBs Back Up Data, but Only Half Do So in Cloud

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 […]

Written By: Michael Vizard

May 23, 2014

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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.

Michael Vizard

Michael Vizard is a seasoned IT journalist, with nearly 30 years of experience writing and editing about enterprise IT issues. He is a writer for publications including Programmableweb, IT Business Edge, CIOinsight, Channel Insider and UBM Tech. He formerly was editorial director for Ziff-Davis Enterprise, where he launched the company’s custom content division, and has also served as editor in chief for CRN and InfoWorld. He also has held editorial positions at PC Week, Computerworld and Digital Review.

SMBs Back Up Data, but Only Half Do So in Cloud

Michael Vizard

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