Three out of four companies are failing in cloud disaster preparedness (Disaster Recovery Preparedness Council). Far too many businesses wait until a cloud disaster strikes to realize the necessity of a disaster recovery plan. At this point, it’s often too late to take action to prevent a majority of the financial loss incurred. According to IBM, the average data breach costs American companies upwards of $8 million.

While having a plan in place to prevent cloud disasters doesn’t guarantee a company will be spared the headache and stress of an emergency, it can exponentially reduce the cost by almost half when the unthinkable happens. Companies with fully-fledged security automation in place saved on average $3.58 million, according to the same IBM study.

Some cloud disasters take significant time to contain as well—sometimes nearly a year. Think of the cost of manpower alone that it will take to come back from that, especially if a company is stuck in reactive mode trying to assess the damage.

The good news is that most cloud disasters don’t simply materialize out of thin air, and there are elements that your company can control in order to significantly reduce your risk of damage from natural disasters, data breaches, cyber-attacks and more. By understanding the forms cloud disasters can take, creating a dynamic recovery plan, and leaving room for adjustments, your company can be well on its way to preventing the astronomical losses when disaster inevitably strikes. Download the whitepaper.