Storing your data securely has never been more important than in 2023, as the risk of cyberattacks and data breaches continues to rise.1 However, defensive security is only half of the story — businesses must also ensure their data is backed up and protected from accidental loss, system downtime, and human error. 
93% of companies that suffer a major data loss event and don’t have an emergency plan within a year close down, so having the right systems in place to prevent data loss can make the difference between a company’s success or its failure.2 With budgets tightening, finding a cost-effective solution is key.
This is where backup as a service (BaaS) comes in. BaaS can be used by IT professionals to reduce the time, costs and uncertainty surrounding their data’s safe storage. Having to do manual or on-prem backups is time-consuming and expensive, and outsourcing this responsibility allows teams to focus more on their day-to-day operations.
In this blog, we’ll outline what BaaS is, what its benefits are, and how you can utilise it to better protect your company’s data. We’ll also consider a number of best practices, so you know what to look out for (and what to avoid) when choosing your BaaS solution. 
1 Check Point Research Reports a 38% Increase In 2022 Global Cyberattacks  
2 50+ Backup Statistics 2022 Backup vs. Recovery, Disaster Recovery, Trends
3 34 cybersecurity statistics to lose sleep over in 2023 
4 Report: Cloud Services Mostly Used for Data Protection — Redmond Channel Partner 
5 Global average cost of a data breach 2022 | Statista 	
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What is Backup as a Service?
BaaS is a storage solution that maintains backup copies of all your primary, application, and on-premises data. BaaS solutions are installed on your systems and run continuously, ensuring data can be recovered quickly in the event of loss, breach, or disaster. BaaS is popular because it provides a cost-effective alternative to hiring an in-house security team. Backup and recovery services allow IT teams to focus on their core tasks, rather than on data protection.Types of BaaS
There is no ‘one type’ of BaaS. However, popular backup services include:- Cloud-to-cloud backup: uploading cloud data onto another, secure cloud. The benefits of cloud backup have seen this become one of the most popular BaaS methods.
- On-premises to cloud backup: uploading data onto a cloud from on-prem locations.
- Physical backup: transferring data to a protected offsite location owned by the BaaS provider.
Why is Backup as a Service important in 2023?
Security experts predict that more than 33 billion records will be stolen by cybercriminals by 2023 — an increase of 175% from 2018.3 And according to Mr. Raj Sivaraju, Arete’s president of APAC, ‘2023 could present new security challenges, given the advances in quantum computing, pervasive networking, AI, and next-generation security management techniques’. The increasing danger of the cyber landscape can largely be attributed to:- Artificial Intelligence (AI): AI can be used to create more sophisticated cyberattacks. ChatGPT, for example, allows criminals to write targeted phishing emails, while deep fake technology can be used to forge passports or other important verification documents.
- The metaverse: This is a new environment where businesses may be more vulnerable to attacks, especially attacks that use AI.
- Big data: Big data challenges are widespread, with many companies struggling to properly safeguard large quantities of sensitive information.
What are the benefits of Backup as a Service?
BaaS is used by approximately 58% of organisations, protecting valuable data from accidental loss, environmental destruction, and cyber threats.4 Let’s explore some of its key benefits.External support
Every company knows the importance of secure data storage, but hiring an in-house security team is an expense that many SMEs simply cannot afford. BaaS is a more affordable solution for companies seeking to increase the security of their data while keeping costs down. Businesses that invest in a managed backup service can have confidence in knowing that their sensitive data is secure, without paying for in-house IT specialists.Maintain compliance
Adherence to data regulations like GDPR and HIPAA is essential to running a successful business. Failure to comply could result in data breaches, found to cost companies not only their reputation but an average of $4.35 million per breach.5 With a good BaaS solution, companies can ensure valuable business and customer data is held in line with compliance regulations.Ensure security
BaaS helps businesses protect their data from cyber security threats as well as smaller, more common cybersecurity events like accidental loss or corruption. A full backup service gives companies peace of mind knowing professionals are looking after their valuable data. BaaS solutions will typically include:- Data encryption
- Multi authentication
- Anti-malware software
 
					 
