93% of companies that lost their data center for 10 days or more due to a disaster filed for bankruptcy within one year of the disaster. 50% of businesses that found themselves without data management for this same time period filed for bankruptcy immediately.
Source: National Archives & Records Administration in Washington
Companies that aren't able to resume operations within ten days (of a disaster hit) are not likely to survive.
Source: Strategic Research Institute
6% of all PCs will suffer an episode of data loss in any given year. Given the number of PCs used in US businesses in 1998, that translates to approximately 4.6 million data loss episodes. At a conservative estimate, data loss cost US businesses $11.8 billion in 1998.
Source: The Cost Of Lost Data, David M. Smith
31% of PC users have lost all of their files due to events beyond their control.
34% of companies fail to test their tape backups, and of those that do, 77% have found tape back-up failures.
60% of companies that lose their data will shut down within 6 months of the disaster.
Every week 140,000 hard drives crash in the United States.
Source: Mozy Online Backup
Simple drive recovery can cost upwards of $7,500 and success is not guaranteed.
20% of all companies will suffer fire, theft, flood damage, power failures, terrorism or hardware/software disaster. Of those without a business continuity plan: 43% will never re-open, 80% fail within 13 months, 53% of claimants never recoup the losses incurred by a disaster. Source: Aveco
Less than 50% of all organizations have a business continuity plan, 43% of companies that do have a business continuity plan do not test it annually, 80% of companies have not developed any crisis management to provide IT coverage sufficient to keep the business functionally effectively, 40% of companies that do have crisis management plans do not have a team dedicated to disaster recovery.
Source: London Chamber of Commerce
30% of all businesses that have a major fire go out of business within a year. 70% fail within 5 years
Source: Home Office Computing Magazine
American business lost more than $7.6 billion as a result of viruses during the first six months of 1999.
Source: Computer Electronics