{"id":74353,"date":"2024-12-04T13:14:57","date_gmt":"2024-12-04T05:14:57","guid":{"rendered":"https:\/\/www.tech-critter.com\/?p=74353"},"modified":"2024-12-06T11:58:28","modified_gmt":"2024-12-06T03:58:28","slug":"industry-survey-malaysian-smb-data-loss-risk","status":"publish","type":"post","link":"https:\/\/www.tech-critter.com\/industry-survey-malaysian-smb-data-loss-risk\/","title":{"rendered":"New industry report details 77% of Malaysian SMBs are at risk of losing their precious data"},"content":{"rendered":"

In today\u2019s rapidly evolving digital landscape, safeguarding business data has become an essential task. Cyber-attacks, hardware failures, and human errors underline the need for robust backup systems to ensure smooth recovery and business continuity.<\/p>\n

The widely recognized \u201c3-2-1 Backup Rule\u201d<\/strong>, which advocates for three copies of data stored across two formats with one off-site, forms a solid backup foundation. However, its implementation can be challenging due to associated costs, specialized hardware, and the need for skilled personnel.<\/p>\n

The cost barrier to data backups<\/h3>\n

Although data backup is vital, many Malaysian small and micro businesses hesitate to invest in comprehensive solutions. This is particularly significant in Malaysia, where 90%<\/strong> of the economy comprises micro-enterprises and SMBs, and 77% <\/strong>of these businesses remain at a basic level of digitization.<\/p>\n

Infrastructure costs, recurring software fees, and limited direct impact on revenue make data backups appear less critical. Moreover, the decentralization of data due to hybrid work setups poses operational risks like unsupervised migrations and compliance issues.<\/p>\n

Despite these challenges, Malaysia\u2019s digital economy is projected to contribute RM100 billion by 2025<\/strong>, making digitization and data backup integral for business resilience.<\/p>\n

Therefore, Synology is here to share some practical examples of how they helped corporations of various scales to achieve proper backup infrastructure.<\/p>\n

Small Businesses<\/strong>\"Synology