Many businesses are nowadays victims of cyber attacks or data breach. Which leads to a loss in brand reputation, customer loyalty, and trust. Because of these kinds of attacks businesses loses their revenue as well as significant business opportunities.
Also, there are reports of malicious software and hackers are everywhere. With all these threats like cyber-attacks, Malware is in the news these days. It is easy to overlook or another type of natural disaster can wipe out all the data in your location and make recovery more hard or impossible.
Thus if you dont have multiple backups available, the simple act of hard drive crash or storage device could easily result in significant data loss.
It thats not enough, you should never take for granted the very real possibility of hard drive failures and other types of hard drive mishaps.
In simple words, data backup is just a copy of files from your computers or device and with the above-mentioned threats keeping a backup of your important business files and data is essential for several important reasons.