Chances are at some stage, you could be the victim of data loss.

Most people only think about backup after they experience data loss. Setting up data backup, recovery and retention policies is the only way to prevent disaster from happening and safeguard your business continuity. Additionally, governments have started imposing regulations to ensure safe data retention in businesses so as to protect public interest. Although your industry may not be affected at the moment, it is wise to do it earlier.

Did You Know?

	1MB of data is worth approx. $11,200^1,5
	Re-building just 20MB of lost data could cost more than $19,000 and nearly three weeks to re-build^2,5
	A leaked record may cost you $200 to rectify^3,5
	Retrieval of data from a crashed hard drive can cost you a fortune, and there is NO GUARANTEE of success!¹
	Your business data goes hand-in-hand with your business operations. The loss of such data, or even its temporary inaccessibility, may threaten your hard-earned competitive position.
	Companies without proactive backup and recovery policies are likely to be OUT OF BUSINESS within 2 years of a major disaster⁴.
	Loss of business data may ruin your company’s reputation, or may lead to expensive litigation.
	Most importantly, it interrupts your business continuity.
Sources:
1 -	David M. Smith, PhD. "The importance of investing in that ounce of prevention.” The Cost of Lost Data. 2003.
2 -	Recent study from Ontrack
3 -	Data Breach Study,Oct. 2005 Ponemon Institute
4 -	Study by the National Archives and Records Administration
5 -	Currency converted from 1$USD to 1.11885$AUD Based on exchange rate on 11 Jan 2008.