7 Threats to your credit union’s downtime lurking below the surface

by: Matt Wilhelm

The importance of data backup & business continuity can’t be overstated, especially when one of the most common threats to downtime is all around you, moving through your branches and data centers at this very moment. The Aberdeen Group identified the 7 leading threats to your credit union’s downtime are, in order, as follows:

  1. Network outages
  2. Human error
  3. Server failures
  4. Storage failures
  5. Application errors
  6. Power outages
  7. Usage spikes/surges

Being near that fault zone or flood zone may not be as risky as expected… the human zone knows no bounds when it comes to data. Even with top-notch hardware and protection, you can still be vulnerable.

When you take in the average cost of downtime at $163,674 per hour, according to the Aberdeen Group, having a backup plan is more important than just a safety net. Aside from outages, errors, and failures, there’s the ever-looming threat of malicious attacks on your data. Whether it’s in the form of malware, phishing, or exploited applications, breaches are still a very real threat.


continue reading »