Symantec’s 2011 SMB Disaster Preparedness Survey found that though SMBs are at risk, they are still not making disaster preparedness a priority until they experience a disaster or data loss. The data also reveals that disasters can have a significant financial impact on SMBs. The median cost of downtime for an SMB is $12,500 per day.
The findings show that many SMBs do not understand the importance of disaster preparedness. Half of the respondents do not have a plan in place. Forty-one percent said that it never occurred to them to put together a plan and 40 percent stated that disaster preparedness is not a priority for them. The survey revealed that the information that drives most small- and mid-sized businesses is simply not protected. Less than half of SMBs back up their data weekly or more frequently and only 23 percent back up daily.
According to the survey findings, half of the SMBs that have implemented disaster preparedness plans did so after experiencing an outage and/or data loss. Fifty-two percent put together their plans within the last six months. However, only 28 percent have actually tested their recovery plans, which is a critical component of actually being prepared for a potential disaster.