Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Risk

1/11/2011
11:24 AM
50%
50%

57% Of SMBs Have No Disaster Recovery Plan

Symantec study finds that one in four of the small and midsize businesses surveyed don't view computer systems as critical to business.

One in two small and midsize businesses (SMBs) have no recovery plan in the event of a network outage, data loss, or other IT disaster, according to a study released Tuesday by Symantec.

That represents an increase from a similar study Symantec conducted a year ago, when 47% had no program in place. Small businesses -- defined in the report as firms with between 5 and 99 workers -- may be at particular risk: 57% have no disaster recovery plan. 47% of midsize companies with between 100 and 1,000 employees didn't have a recovery process in place.

"Obviously, at a high level, SMBs are still not prepared for disaster," said Bernard Laroche, senior director of SMB product marketing. "From our standpoint, it's not good news."

Of the firms without a disaster recovery plan, 41% said it had never occurred to them. 36% said they intend to implement one within the next six months. More than half (52%) said they don't think computer systems are critical to business -- that translates roughly to one in four of all of the businesses polled.

"This is probably the most shocking revelation of the survey," Laroche said. "That's pretty alarming."

Symantec's 2011 SMB Disaster Preparedness Survey included 1,288 businesses worldwide with between 5 and 1,000 employees -- as well as 552 customers of those companies -- across a broad range of industries. A "disaster" could be anything that causes an outage or data loss, whether natural or human-made. The new findings arrive in spite of a different Symantec report, published in June, that showed SMBs are increasingly fearful of online threats and data loss.

The businesses polled experienced on average six outages during 2010, with the top reasons given including cyberattacks, power failures, and natural disasters.

Those outages are expensive, according to Symantec's data, to the tune of $12,500 vaporized from the business' bottom line per day of downtime. Customers of SMBs also feel the pain: Outages at their SMB vendors cost them $10,000 per day, and 44% said they have had a smaller vendor temporarily shut down because of a technology failure. 29% of the customers in the study said they have lost "some" or "a lot of" data owing to a vendor's disaster.

 

Recommended Reading:

Previous
1 of 2
Next
Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
COVID-19: Latest Security News & Commentary
Dark Reading Staff 7/14/2020
Omdia Research Launches Page on Dark Reading
Tim Wilson, Editor in Chief, Dark Reading 7/9/2020
Russian Cyber Gang 'Cosmic Lynx' Focuses on Email Fraud
Kelly Sheridan, Staff Editor, Dark Reading,  7/7/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
Special Report: Computing's New Normal, a Dark Reading Perspective
This special report examines how IT security organizations have adapted to the "new normal" of computing and what the long-term effects will be. Read it and get a unique set of perspectives on issues ranging from new threats & vulnerabilities as a result of remote working to how enterprise security strategy will be affected long term.
Flash Poll
The Threat from the Internetand What Your Organization Can Do About It
The Threat from the Internetand What Your Organization Can Do About It
This report describes some of the latest attacks and threats emanating from the Internet, as well as advice and tips on how your organization can mitigate those threats before they affect your business. Download it today!
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-6287
PUBLISHED: 2020-07-14
SAP NetWeaver AS JAVA (LM Configuration Wizard), versions - 7.30, 7.31, 7.40, 7.50, does not perform an authentication check which allows an attacker without prior authentication to execute configuration tasks to perform critical actions against the SAP Java system, including the ability to create a...
CVE-2020-6289
PUBLISHED: 2020-07-14
SAP Disclosure Management, version 10.1, had insufficient protection against Cross-Site Request Forgery, which could be used to trick user in to browsing malicious site.
CVE-2020-6290
PUBLISHED: 2020-07-14
SAP Disclosure Management, version 10.1, is vulnerable to Session Fixation attacks wherein the attacker tricks the user into using a specific session ID.
CVE-2020-6291
PUBLISHED: 2020-07-14
SAP Disclosure Management, version 10.1, session mechanism does not have expiration data set therefore allows unlimited access after authenticating once, leading to Insufficient Session Expiration
CVE-2020-6292
PUBLISHED: 2020-07-14
Logout mechanism in SAP Disclosure Management, version 10.1, does not invalidate one of the session cookies, leading to Insufficient Session Expiration.