Recently, Point32Health, the second-largest health insurer in Massachusetts, disclosed for the first time that patient information had been stolen during a data breach that hampered the company for weeks. The data breach included employee and member’s private information, as well as sensitive medical records. For over a month, the company has struggled to bring its services back online, and currently, the website is still not 100% back to normal operations. Claims or requests for prior authorization were not being processed. Some members were completely unable to use their insurance. The financial implications of the breach at Point32Health were unclear, and long-lasting—including Point32Health’s offer to pay for complimentary identity protection and access to two years of credit monitoring services for potentially affected individuals. The costs of data breaches seem never ending.
The Point32Health insurance example is just one of the types of organizations facing numerous threats daily. These threats can disrupt operations and jeopardize data. Whether it’s a natural disaster, a cyberattack, or a hardware failure, the consequences of such events can be devastating. To mitigate these risks and ensure business continuity, organizations need a robust disaster recovery plan. Following are crucial reasons why organizations of all sizes must have a disaster recovery plan.
THE GROWING NEED FOR DISASTER RECOVERY PLANS
Cybercrime will cost companies worldwide an estimated $10.5 trillion annually by 2025, up from $3 trillion in 2015. At a growth rate of 15 percent, year over year — Cybersecurity Ventures also reports that cybercrime represents the greatest transfer of economic wealth in history. Furthermore, research by the Disaster Recovery Preparedness Council found that 73% of organizations worldwide are not adequately prepared for a major disruption. These alarming figures underscore the potential financial and operational implications of overlooking disaster recovery planning.
EMPOWERING ORGANIZATIONS WITH COMPREHENSIVE SOLUTIONS
Trusted data protection providers offer a comprehensive suite of products and services that cater to the diverse needs of organizations, irrespective of their size. Its cloud-based disaster recovery as a service (DRaaS) solution provides real-time replication of critical data, applications, and systems, ensuring minimal downtime and rapid recovery in the event of a disaster.
UNPARALLELED FEATURES AND CAPABILITIES
At LiquidPear we offer exceptional features and capabilities that make it an ideal choice for organizations seeking a robust disaster recovery solution. Its advanced technology enables seamless and automated failover, minimizing the risk of data loss and ensuring continuous availability of critical systems. In addition, customers prefer flexible recovery options to tailor their disaster recovery strategies to their specific requirements, be it on-premises, cloud-based, or a hybrid approach.
SCALING DISASTER RECOVERY FOR ORGANIZATIONS OF ALL SIZES
Partners and customers select their cybersecurity business based on their scalability, making it suitable for organizations of all sizes. Whether you are a small business, a mid-sized enterprise, or a large corporation, solutions can be tailored to your unique needs. With its pay-as-you-go pricing model, organizations can avoid the upfront costs of building an in-house disaster recovery infrastructure and instead leverage our cost-effective and reliable services.
In an increasingly interconnected and vulnerable digital landscape, the need for organizations to have a robust disaster recovery plan cannot be overstated. The statistics speak for themselves, with the financial and operational costs of not being adequately prepared proving to be astronomical. Some Cybersecurity Businesses offers a comprehensive and scalable solution that empowers organizations of all sizes to protect their critical data and ensure business continuity. By partnering with a cybersecurity organization, businesses can sleep soundly, knowing that their data is secure and that they have a trusted ally to rely on in times of crisis.
