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BC Management recently released its 2021 Business Continuity Management Event Impact Report in partnership with Witt O’Brien’s. As pandemic impact lingered, some organizations had disruptive events that happened 10 times or more within the year such as protests, software issues, civil unrest, supply chain disruptions, and power outages.
” Containers Will Become Mainstream to Support the Cloud Explosion of 2021. “Businesses wrongly predicted that employees would return to the office, as normal, in 2021. Some will see this as an obstacle, but once implemented, this will be a good thing as it puts consumer privacy at the core of business strategy.”
According to the Veeam Data Protection Report 2021 , the average hourly toll of downtime is $84,650, the typical outage taking around 79 minutes to resolve. Ransomware alone, which can lock up a system for days, doubled in frequency in 2021 according to the “ Verizon Data Breach Investigations Report.” There’s cost.
READ TIME: 4 MIN May 12, 2021 5 Reasons Why Financial Institutions Need Managed IT It is all about the now. Spending System outages at financial institutions cost an average of $9.3 Consumers crave instant gratification. million per hour of downtime. It is not just large companies that rack up a high bill of downtime costs.
In 2021 the average cost rose to $9.41 The pain is felt by the healthcare organization when a vendor has an outage because of ransomware or another cybersecurity intrusion. Does the vendor outsource any IT services to fourth parties that can increase risk exposure? million ) than any other sector.
READ TIME: 4 MIN June 9, 2021 3 Ways Energy & Utility Companies Can Increase IT Security Now Youve seen the panic in the news; youve experienced the fuel shortages at the gas station; youve lit your darkened home with flashlights and candles when the power failssometimes for days. The average power outage in the U.S.
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