Many businesses make the mistake of not having a disaster recovery plan for cloud-related issues until they experience a disaster, leading to significant financial losses. According to IBM, data breaches can cost American companies over $8 million on average. However, having a proactive plan to prevent cloud disasters can reduce these costs by almost half. IBM’s study shows that companies with robust security automation in place saved an average of $3.58 million. Some cloud disasters can take a long time to contain, leading to substantial expenses, especially in terms of manpower.

The good news is that most cloud disasters are not sudden occurrences, and companies can take steps to reduce their risk. Understanding the various forms cloud disasters can take, creating a flexible recovery plan, and allowing for adjustments can help companies significantly in preventing these disasters.