As companies continue to grow and introduce the concept of hybrid working after the pandemic, the use of SaaS (Software as a Service) is emerging. The increased demand for communication and collaboration tools has moved more and more data to cloud storage. According to the stats for 2021-2022, around 50% of all corporate data is stored in the cloud.
The data contains sensitive information like passwords and logins to sensitive information which are important for any organisation. The data on the cloud is at exposure to security threats such as ransomware. Ransomware encrypts data and online accounts like Microsoft and Gmail and makes it impossible to access without paying the hacker reasonable money. The data might be lost due to technical glitches as well.
To avoid such a situation, it is advised to always keep your back up. Here are the 5 points of key importance that highlight the importance of data backup:
Here are the top 5 reasons why SaaS data needs backup:
1. Data is your asset
Data is a valuable asset for businesses in today's digital age. It provides insights into customers, operations, and market trends, which can help businesses make informed decisions and improve their overall performance.
By properly securing and managing data, businesses can protect their assets and ensure that they can continue to extract value from it over time.
2. Business disruption
A data loss can have a significant impact on business continuity, as it can cause disruptions to operations and negatively impact the overall stability of the organisation. The aftermath of a data loss can result in significant downtime, as the organisation works to rectify the breach and restore access to its systems.
3. Reduced Productivity
The disruptions caused by a data breach can reduce employees' productivity and impact the organisation's ability to deliver products and services to customers.
4. Loss to Business repute
A data loss can have a significant impact on the reputation of an organisation. A data breach can result in losing trust among customers, employees, and other stakeholders. This can make it difficult for the organisation to regain its reputation and attract new customers.
5. Financial loss
A data breach can result in significant financial losses, including the cost of rectifying the breach, as well as potential legal and regulatory penalties.
What should be done?
How the loss can be prevented. Here are some tips:
1. Compliance with standards
Data backup compliance refers to following established guidelines and regulations to ensure the safe and secure backup and storage of an organisation's valuable data. The purpose of data backup compliance is to protect the confidentiality, integrity, and availability of sensitive information and to ensure that it can be recovered in the event of data loss or corruption.
The organisations need to comply with GDPR, or similar regulations to demonstrate the ability to quickly restore data
2. Data backups
Make data backup policies and comply with them. There are different types of techniques. You need to study which technique is suitable for your data and stick to it.
Organisations frequently need to conduct audits of their data security practises and compliance with the standards. The purpose of a security audit is to assess the effectiveness of an organisation's security measures and identify any gaps or weaknesses that need to be addressed to improve the overall security posture of the organisation.
How we can help
Unilakes offers professional services to clients in the Technology industry. Over the years, businesses have come across many different challenges that need creative solutions. Unilakes is your business partner a partner who can provide IT-managed services and consulting to address your IT needs.
Customer Success Manager