85% of accredited businesses report ISO certification increased their organisation’s resilience, with over a quarter claiming it also reduced their insurance premiums. ISO certification helps organisations to increase their resilience, but also positively affects the balance sheet.At £1.71m per incident, regulatory change costs organisations the most in terms of cost per incident with the financial services sector the one which is hit most by this category of disruption.According to Datto: “An hour of downtime costs £6,038 for a small company, £55,851 for a medium company and £528,325 for a large enterprise.” For large enterprises, this equates to around £8,755 per minute.For many, this may entail having a backup hard drive in a physical off-site location or storing files on the cloud. You can protect yourself from losing data in such an event by having a reliable data backup solution. According to Backblaze, hard drive failure increased to 1.37% from 1.07% last year.The bigger your company, the more files that can be compromised. On average, only five percent of a company’s folders are protected.93% of companies who suffer a major data disaster and don’t have a disaster recovery plan in place are out of business within one year.96% of companies with a trusted backup and disaster recovery plan are able to survive ransomware attacks.This is followed by the loss of power (35%), software failure (34%), data corruption (24%), external security breaches (23%) and accidental user error (20%). Hardware failures cause 45% of total unplanned downtime.

75% of small businesses have no disaster recovery plan in place.With the following stats, you can gain an insight into why investing in a strong business continuity and disaster recovery solution can change your business for the better. A fundamental aspect of securing your business is its business continuity plan, ensuring you keep afloat and remain thriving when the going gets tough. From the ever-evolving threat landscape to simple human error, there are a range of difficulties that make it harder for your business to mitigate risk. For many businesses like yours, preparing to navigate the tumultuous business landscape is no easy feat.

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