Let’s begin by exploring some of the most important business data loss statistics and recovery in 2022 that every business must know.
40-60% of small businesses that experience data loss will go out of business forever.
Last Updated: 02/01/2022
Only 2% of businesses recover from a disaster in less than an hour.
Last Updated: 05/25/2022
The average cost of downtime for companies of all sizes is almost $4,500 per minute.
Last Updated: 05/25/2022
it takes an average of 206 days to detect a data breach.
Last Updated: 05/25/2022
The cost of data breaches rose from USD 3.86 million in 2020 to USD 4.24 million in 2021.
Last Updated: 02/01/2022
There were 1,862 breaches in 2021, which is an increase of 754 over the previous year.
Last Updated: 02/01/2022
The two biggest reasons for data loss are hardware failure (40%) and human error (29%).
Overview of Business Data Loss Statistics 2022
- Downtime costs an average of $1,410 per minute for small businesses.
- It takes around 206 days on average to detect a data breach.
- The average cost of a data breach in 2021 was $4.24 million.
- In 2021, there were 1,862 security breaches, which is an increase of 754 over the previous year.
- The two most common causes of data loss are hardware failure (40%) and human error (29%).
- Recently, 26% of companies experienced a data breach.
- 93% of companies that experience prolonged data loss go bankrupt.
- Malware causes 35% of all data loss.
- 21% of files are not protected at all.
- 22% of small businesses close after a ransomware attack.
Small Business out of business due to data loss
Downtime is costly for small businesses. The average cost per minute is $1,410. This can lead to a significant loss in revenue over the course of a day or week.
Time to detected data breach
Data breaches can often go undetected for months or even years. In fact, on average it takes around 206 days to detect a data breach. That’s a long time for sensitive information to be floating around in the wrong hands.
So what can you do to help protect your data? First, make sure you have strong security measures in place. This includes things like firewall protection and encrypting your data. Second, continuously monitor your systems for any suspicious activity. If you think something might be going on, it’s better to err on the side of caution and investigate further. By taking these precautions, you can help mitigate the risk of a data breach and keep your information safe.
Average cost of data loss
The average cost of a data breach in 2021 was $4.24 million. That’s a huge increase from the $3.86 million cost in 2020. And it’s only going to get more expensive in the future.Companies need to be prepared to deal with the fallout from a data breach, which can include everything from legal costs to damage to their reputation.
Number of data loss occurrence
in 2021, there were 1,862 security breaches. This is an increase of 754 over the previous year.
This trend is alarming, and it seems that each year the number of security breaches is increasing. What can be done to stop this dangerous trend?
One possible solution is to improve security protocols and make sure that all companies are following these updated protocols. Another solution is to Educate employees on how to spot possible breaches and understand how to report them. If we work together, we can start to decrease the number of security breaches each year.
Common Reason for data loss
Data loss can be caused by a number of factors, with the most common being hardware failure (40%) and human error (29%). These two factors account for the vast majority of data loss cases, so it is important to be aware of them.
How many companies experience data loss
In today’s digital age, data breaches are all too common. Recently, 26% of companies experienced a data breach of some kind. This can be a major setback for any business, large or small. In order to prevent a data breach, it’s important to have proper security measures in place. This includes both physical and digital security.
Data loss lead to bankrupt
93% of companies that experience prolonged data loss go bankrupt.
This startling statistic emphasizes the significance of data security. Even losing a few critical data can be disastrous for a company, yet many do not have proper backup mechanisms in place.
Objectively, data loss is one of the most serious risks faced by companies today. But it’s often ignored in favor of more flashy risks like cyberattacks. This needs to change.
Data loss due to Malware
Nearly 35% of all data loss is caused by malware infections. This is a significant problem because it can lead to sensitive information being leaked or stolen. Malware can also cause damage to computers and networks, which can lead to downtime and lost productivity. It is critical to have a comprehensive security solution that includes malware protection to secure your organization.
Number of file are not protected
Did you know that 21% of files are not protected at all? This means that anyone can access them and possibly view sensitive information. If you have any unprotected files, it is critical that you protect them as quickly as possible.
Ransomware attack for small business
In the wake of a ransomware attack, 22% of small businesses have to close their doors. For these businesses, the attack is often devastating, spelling the end of their operations.
How to prevent data loss
cost of disaster recovery
