Stats to keep in mind
November 1, 2008
In a 2007 Datamonitor study, one-third of IT executives believed a major data-loss incident would cause the company to go into bankruptcy.
In another study, 93 percent of businesses that lost data for 10 days or more ended-up filing for bankruptcy within a year; 50 percent of those businesses filed for bankruptcy immediately.
Based on a study by Dell and the Ponemon Institute, 12,000 laptops are lost in airports each week; two-thirds of these are never returned. Recent statistics from the FBI claim a laptop is stolen every 12 seconds and, once gone, there is only a 3 percent chance of return.
Surprisingly, there is not a lot of substantial research on hard drive failure, but some studies indicated that as many as 14 percent of hard drives fail each year. Contrast that with manufacturers published mean time before failure (MTBF) specifications that indicate failure rates below 1 percent.