What is a Disaster Recovery Plan and Why Does it Matter for Your Business?
Certain situations can have a huge impact on your business and its future. Everything from a fire destroying your office to a cyber attack exposing sensitive data could bring your operations to a sudden stop. And this can lead to massive costs and serious reputational damage down the line. For example, ransomware is an ever-present threat to Canadian companies: this form of cyber attack locks users out of their systems or specific files (via encryption) until a ransom is paid. But there’s no guarantee that handing over the requested amount of money will inspire the culprits to honor their part of the deal. The cost of downtime caused by ransomware attacks is $180,000 in Canada (on average), and this cutting-edge extortion practice is (sadly) unlikely to go away anytime soon.…
