Indian businesses lost $1m from data loss: EMC

 Indian businesses lost over $1 million from data loss and downtime in the last 12 months, a survey by EMC Corporation — the world’s largest data storage multinational — revealed on Tuesday.

“Organisations are getting better at protecting themselves against traditional threats to data but new threats mean that despite progress, more businesses are losing data than before,” said Ripu Bajwa, Country Manager-Data Protection Solutions at EMC in a statement

Highlighting the growing challenges of protecting data, the research commissioned by EMC and carried out by technology market research provider Vanson Bourne revealed that average cost of data loss to Indian organisations was more than $114,000 while globally, the costs was more than $914,000. 

In India, 46 per cent of organisations suffered unplanned system downtime and/or data loss due to an external or internal security breach, the study found.

While majority (over 80 per cent) of businesses think that their organisation’s current data protection solution will not enable them to meet all future business challenges, Cloud is changing the game for Indian organisations when it comes to data protection.

In India, on average, 34 per cent of organisations have their IT environment in public Cloud and more than 60 per cent organisations believe that not all their data stored in the Cloud is protected.

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