It is important to have a plan in place for responding to cyber-attacks, including measures such as regular data backups and employee training on cybersecurity best practices. Failure to properly address and mitigate the effects of a cyber-attack can result in financial losses, reputational damage, and even legal consequences.
40 to 60 percent of small businesses, according to FEMA, perish in a big disaster like a flood, hurricane, fire, etc. Additionally, it notes that 20% of businesses lack a suitable disaster recovery strategy. Most of them rely on educated guesses and spur-of-the-moment thinking.
Here are some issues that companies might encounter in the event of a catastrophic event.