Incidents of data loss seem to be more common nowadays with the latest study revealing that about 61% of businesses have owned up to loss or theft of consumer data over the last two years. It was found that when companies outsourced confidential data, the risk of data loss or theft was 43 times higher than if it were held in-house. It was also found that many of these companies did not have online data backups.
Of all the cases of data loss, 90% were not reported to authorities as the organisations did not know whom to inform or did not realise that it was important for them to do so under the Data Protection Act. An analyst of Butler Group stated that it is important to have data backups considering the number of memory sticks and laptops that have gone missing.
Research has shown that many individuals no longer have faith in the steps that organisations like government departments and banks take while handling personal data. These data loss incidents and the consequences that may follow can be easily avoided if they implement online data storage and backup. These disaster recovery solutions are the best way to ensure total security of confidential information.
