Data loss is a significant and costly issue for businesses and individuals alike. According to a study conducted by Pepperdine University in 2003, the last year for which comprehensive statistics on data loss are available, there were over 76 million computers in use, and data loss cost businesses over $18 billion dollars a year. Today, it has been estimated that the number of computers in use has rapidly grown to over 2 billion worldwide, so the cost of data loss to businesses has likely increased to staggering proportions.
Data loss is not only expensive for businesses, data loss is often equally devastating to individual users as well. Whether the data loss is caused by malware and other viruses, or even actual hard drive failure, folks that suffer a data loss can end up losing access to important images such as family photographs, as well as other files that contain links to important documents and other information that support their ability to work and live.
Leading Causes of Data Loss
According to the Pepperdine report above, there are five main causes of data loss for computer users: hardware failure, hardware destruction, computer viruses, corruption of software code and actual theft.