Learn Why Data Retrieval & Unhappy Employees Go Hand in Hand

by | Jul 15, 2015 | Business Continuity

How important is data retrieval in today’s dynamic work environment?

Although it seems that your employees are loyal and trustworthy, there is always the possibility that someone will seek revenge after being reprimanded or worse, fired from their job. Ask yourself: Is my business protected and are safeguards in place in the event our employees were to leave? How would it effect our business, and our client’s business if we couldn’t have data retrieval.

Data loss is often the cause of financial hardship for any business. When data is lost at the hands of a disgruntled employee, it can cost your business between $5,000 and $3 million dollars. According to a research study, 25% of survey respondents claimed that a malicious employee was the common cause of data loss.

Data retrieval has become of the utmost importance as many businesses are struggling financially due to a former employee destroying company data. A malicious employee may install remote desktop protocol software on company computers which allows him or her to steal a company’s trade secrets or proprietary software. Other tactics include the use of cloud storage services such as Dropbox to store sensitive company data.

The damage created by data loss is astronomical. Companies are facing issues such as:

  • Costly legal fees
  • The loss of customers who lose trust in the company
  • Revenue losses due to customers leaving
  • The cost of credit card monitoring services
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When a data retrieval plan isn’t executed on time, costs may pile up, which may lead to your business closing its doors. Data security is crucial in order for a business to survive. Creating an incident-handling plan as well as implementing a network security system are necessary when it comes to data protection.

There is no way of knowing for sure that a former employee wouldn’t take matters into their own hands and harm your business. Protect your business and your customers at all times.

Invenio IT specializes in data retrieval. Learn more now about how to protect your business against devastating downtime.

Dale Shulmistra is a Business Continuity Specialist at Invenio IT, responsible for shaping the company’s technology initiatives -- selecting, designing, implementing & supporting business continuity solutions to bolster client operational efficiencies and eliminate downtime.