Facts About Data Loss
Most businesses today have considered the risk of data loss, but few have adequately protected their data.
- 34% of companies fail to test their tape backups, and of those that do, 77% have found tape backup failures. (A)
- 93% of companies that lost their data for 10 days or more due to disaster filed for bankruptcy within one year of the disaster. (B)
- 50% of businesses without their data for the same time period filed for bankruptcy immediately. (B)
*Statistics: (A) The Gartner Group (B) National Archives & Records Administration
If you think this can’t happen to you, please think again. For recent examples, we have included some articles below:
JP Morgan Loses Clients’ Data
JP Morgan Chase has alerted thousands of its Chicago-area millionaire clients, that it cannot locate a computer tape containing their account information and Social Security numbers.
May 01, 2007
THE WALL STREET JOURNAL | JP Morgan Chase has alerted thousands of its Chicago-area millionaire clients, as well as some of its own employees, that it cannot locate a computer tape containing their account information and Social Security numbers.
The tape, which was in a locked container, was being… continued.
Perhaps you know that sinking feeling when a single keystroke accidentally destroys hours of work.
April 20, 2007
JUNEAU, Alaska: Perhaps you know that sinking feeling when a single keystroke accidentally destroys hours of work. Now imagine wiping out a disk drive containing information for an account worth $38 billion.
That is what happened to a computer technician reformatting a disk drive at the… continued.
Voters’ personal information exposed investigation initiated immediately
April 11, 2007
Atlanta, GA (April 11, 2007) – Secretary of State Karen Handel today initiated an investigation regarding the disposal of approximately 75,000 voter registration application cards. The investigation will be led by the Georgia Bureau of Investigation (GBI), in conjunction with the Fulton County Solicitor General’s… continued.
The social security numbers and other personal identification data of 6,000 DCH Health System employees.
April 05, 2007
TUSCALOOSA | The social security numbers and other personal identification data of 6,000 DCH Health System employees are missing raising concerns about the possibility of identity theft.
An encrypted disc and hardcopy documents containing the personal identification information were lost by a… continued.
Providence Health System now faces charges that it was negligent in securing patient files when some 365,000 medical records were stolen.
February 02, 2006
Providence Health System based in Oregon now faces charges that it was negligent in securing patient files when some 365,000 medical records were taken when a hospital employee’s car – which contained the files – was stolen. Portland resistant Laurie Paul filed a suit earlier this week to force the health system… continued.
Your business isn’t safe if your data is unprotected
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