In 2017, The Economist made the statement that data had surpassed oil as the world’s most valuable resource. This statement came 11 years after mathematician Clive Humbly said, “Data is the new oil,” and echoed others who have also made comparisons to show just how important and valuable a company’s data is.
Data loss can cost a business operational downtime, lost sales, and unexpected expenses to get the data back. Many data loss incidents are the result of cyberattacks, which can expose your business to other vulnerabilities.


