It does not matter whether you are a small or large business- data is a vital part of any enterprise. Losing corporate data can cost businesses millions of dollars.

Today, a large majority of companies are relying on online data backups to protect their valuable information from being damaged, stolen, or affected by natural disasters like fire or flood.

Online backup services have proven to benefit for many enterprises, as they give businesses the flexibility to access data anytime from anywhere. Cost effectiveness is another one of the biggest reasons why small businesses are choosing online data backups. It saves them from spending large amounts of revenue on hard drives, magnetic tapes, and other IT resources to store and protect corporate data.

Secondly, since multiple copies of data is stored in multiple locations, business owners can remain assured that their information is safe in case of any natural calamity. A natural disaster can completely destroy your data if it is stored within traditional IT systems in your office location.

Online backup methods allow for an extra layer of protection in such circumstances. Online backup services come with a variety of options like incremental backups, automatic backups, and file manager. Some of these features enable automatic data storage and backup without much human intervention.

In comparison to large businesses, small businesses benefit greatly from online data backups. As large companies have to backup significant amounts of data, they prefer to invest in building their own backup protocols rather than spending monthly fees on a third party service provider.

On the contrary, small businesses have a smaller amount of data to be backed up. With much more limited resources to spend on data protection, building their own backup system is not ideal, so online data backup works best for them. As businesses tend to put all their sensitive and critical assets in the hands of online data backup service providers, the security and privacy of their data becomes very crucial. Many business owners feel that only large, well-known organizations are lucrative targets for cyber criminals.

However, a study by the Ponemon Institute for insurer Hartford Steam Boiler completely contradicts this idea. According to the survey, most small businesses in the U.S. have experienced a data breach, or will be experiencing a breach in the near future. In fact, 55% of small businesses have had a data breach, and 53% of them have experienced multiple breaches.

Eric Cernak, vice president for Hartford Steam Boiler said, “Smaller companies are targeted by data thieves, but they often don’t know how to respond when sensitive information they keep on customers and employees is lost or stolen. Failing to act in a timely and effective way can harm the reputation of businesses and even risk legal penalties in many states.”

The research brought to light the importance of secure data backups for small businesses. As small businesses store valuable information pertaining to their customers and employees, they need to strengthen their security practices for better protection of sensitive data. Here are some of the steps that small businesses can take for secure data storage and backup:

  • Strong encryption standards: Encryption has time and again proved to be an effective tool for data protection. Properly implemented encryption technologies always prove beneficial against cyber attacks. Make sure that your online data backup service is using strong encryption technologies like 256-AES encryption or 448-bit Blowfish to protect your data.
  • Protect Passwords: Oftentimes, it is seen that  hackers exploit employee passwords to get access to company’s data. It is important to enforce security policies that encourage employees to use strong passwords and password managers. The strongest passwords are those which are harder to guess or harder to brute force, so using a randomly generated password is recommended.
  • Use Secure Socket Layer (SSL) to protect data in transit: Many service providers use SSL protocol to encrypt the channel between a business and server to protect data during transit. Usually, 128-bit SSL is considered to be the strongest security protocol.
  • Employee Training: Employees represent a significant security risk to an organization. Enterprises need to train and educate their employees about security risks and vulnerability. Adequate training should be provided to the employees for recognizing and dealing with cyber attacks.

As indicated by the survey conducted by Ponemon Institute, small businesses are extremely vulnerable to data breaches. Therefore, the need for secure and trustworthy data backup service becomes extremely important to them.

SpiderOak is one of the few cloud storage companies that respects user privacy by adhering to No Knowledge practices. It implements strong security practices like 256-bits AES encryption to protect user data.

SpiderOak encrypts the files in your computer before uploading them to the server. As a result, only you have access to your unencrypted data. Even SpiderOak cannot read your data because the keys used for encryption only belong to you. You can be sure that the data of your small business is protected with services provided by SpiderOak.