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HUB TechMinutes

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Data Loss Can (and Will!) Affect Your Entire Business

Data Loss Can (and Will!) Affect Your Entire Business

Data loss, on any scale, is an organizational nightmare. Not only do you have to restore data, any lost productivity that comes as a result of the data loss incident makes it difficult on the budget. That’s only scratching of the surface of how serious data loss can be.

You Lose More than Just Data
Your data is crucial to your whole business, and when you have some stolen or lost, it can be a problem for multiple parts of your business. Consequences don’t end there. Some businesses, if they lose enough data, would have to close, putting people out of work, and negatively affecting a lot of people.

Considering how important data is, take a second and try to calculate what the financial impact of a major data loss incident would be to you. Between discovering the problem and the resolution there is the possibility that you face downtime and a corresponding loss of productivity, negative exposure, and much more. In fact, a majority of small and medium-sized businesses will close their doors after a major data loss event; it is that serious.

Other Concerns, Regarding Customer Confidence
When we mention negative exposure, what we mean is that once your organization has the perception that you can’t protect their personal data, the customer base simply won’t trust you with theirs. For almost any business that looks at themselves as a responsible operator, this is a death sentence.

So What Can You Do?
Before you lose data, productivity, or customers you need to make efforts to understand who is taking this data. Typically hackers, sometimes working as a part of an organized concern are behind these data breaches, and while you focus on your business, they gain access through any means they can. With this diligent hacking strategy at hand, it is important that you, and maybe more importantly, your employees know what they are up against and are sufficiently educated. If the “weak links” on your network are properly trained and willing to adhere to industry practices designed to keep these issues from becoming problems, you will be a lot less susceptible to attack than the average business is.

The IT security professionals at HUB Technology Solutions deal with these issues every day and have the perspective and knowledge to help you and your organization mitigate potential security threats. We offer comprehensive security solutions that proactively monitor and manage your network traffic. We also provide employee training resources that ensure that the people you depend on know how to approach this new digital world where threats are as numerous as the benefits. For more information about how we can help, contact us today at 204-772-8822.

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