In today’s new world of home working with more and more of our employee’s working alone and without easy reference to colleagues, the threat of data loss through employee generated Cyber Incidents increases. Your on-premise data is backed up by Solsoft, but what about your Cloud based Microsoft Office 365 data, surely Microsoft back that up, don’t they?
Unfortunately not, Microsoft retain your data for their own recovery purposes, however, if you have managed to delete and purge all your own data (or a bad-actor has manually or using malware automation), you may be left with no recovery option.
Here’s the most common scenario according to Microsoft:
An employee becomes the victim of a phishing scam after unknowingly clicking a fraudulent link in an email. The attacker gains access to account passwords, and POOF…just like that, the cybercriminal has open access to your accounts to delete, share, or hold your data ransom. When you learn of the breach – which on average can take 101 days – you contact Microsoft for help. Unfortunately, without any business continuity and disaster recovery protections, Microsoft can’t do a thing past 14 days and your data is gone.
Depending on the industry you’re in, compliance and data privacy regulations might require data protections – a breach in the event of an attack can cost you significantly in fines and wipe out profits.
Today, cybercrime is the fastest-growing form of criminal activity, can you afford not to protect yourself?
Regardless of your company, industry, role or yearly budget, the answer is a hard NO.
Cyber-attacks targeting small-to-medium sizes businesses (SMBs) are on the rise, and despite the often fatal cost of these breaches, many SMBs continue to risk the future of their business without any business continuity and disaster recovery (BCDR) solutions in place.
When it comes to cyber-attacks the cliché is true, “it’s not if, it’s when,” and if you don’t think it will happen to you, think again. Take a look at these statistics to determine if you can afford to leave your data door open.
- 43% of cyber-attacks target SMBs
- 71% of ransomware attacks target SMBs
- £125,000 average ransom demand from SMBs
- £160,000 average cost of ransomware-downtime for SMBs
- 50% of SMBs suffered a breach within the last year
- 4 in 10 SMBs suffered multiple cyber-attacks in the last year
- 14% of SMBs are prepared to defend themselves
- 66% of senior decision-makers at SMBs still believe they are unlikely to be targeted
- 6 in 10 SMBs have no digital defence plan in place
- 101 average number of days a digital threat before being detected by business operators
- 60% of SMBs that lose their data will shut down within just 6 months
The cost of a Cyber Attack goes beyond £££’s
If you are a victim of a ransomware attack, it is suggested that you not to pay the ransom; since you’re dealing with criminals, there’s no guarantee that payment will unlock your data; you also don’t know if that data has already been shared or is being used by other attackers.
Of course, some companies do choose to pay the ransom hoping for a quick solution to a huge problem. To do that, you’ll need an to know how to communicate and negotiate with the attackers, as well as make payments in bitcoin. Do you have the experience and mechanisms in place to handle this?
And the expenses continue from there as well:
- Regulatory compliance fines
- Legal fees and litigations
- Technical investigation costs
- Lost profit, wages, and downtime
- Disruption of normal business operations
- Unrealized customer revenue
- Damage to intangible assets like brand reputation and customer goodwill
These costs compound especially quickly for SMBs, which is why so many are forced to close after a breach.
Luckily, none of this every has to happen…
Safeguarding your business with Business Continuity and Disaster Recovery eliminates the impact of cyberattacks on your business and extending Business Continuity and Disaster Recovery out into your cloud systems, such as Microsoft 365 is the next step in data protection and ensuring your business can recover your data should the worst occur.
No one can guarantee you won’t get hit with a cyberattack – in fact, you probably will – but our backup solution, Axcient, can guarantee the integrity of your data no matter what.
With Solsoft and Axcient CloudFinder backing up your Microsoft Office 365 data 3x a day, every day, you can restore data quickly in the event of a breach, keep your business up and running, and sleep peacefully knowing your business can come back from anything.
Instead of leaving your data wide open to cybercriminals, protect it with unlimited retention in the most secure cloud in the industry – the Axcient cloud. Eliminate the risks of a natural disaster, ransomware, phishing attacks and other potential data breaches that are taking down SMBs around you.
And when you are hit (remember it’s not if, it’s when), or an employee clicks a bad link, or a bad employee deletes an important folder, CloudFinder will find the data with full text search and filtering, restore it at both a granular and user level, and keep your business running as usual with minimal downtime.
Protect your data, your reputation and the future of your business with Solsoft Axcient CloudFinder.
You can also benefit from Solsoft Axcient CloudFinder as part of our Security Technology Plus package, which further reduces your risk of security compromise.
Contact us here.
Chief Technical Officer
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