OnlineBackupNews Exposes Major Financial Risk with SaaS and Cloud Applications

Significant Possibility of Losing Important Data Increases with SaaS and Cloud Usage on the Rise
Hollis Tibbetts - Noted Technology and Cloud Expert
Hollis Tibbetts - Noted Technology and Cloud Expert
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Austin - Texas - US

AUSTIN, Texas - Aug. 14, 2014 - PRLog -- OnlineBackupNews today exposed a major financial and business risk associated with the rise in popularity of Cloud and SaaS software applications.

"Data is the lifeblood of modern business - and increasingly organizations are trusting that their data will be protected by the SaaS and Cloud companies that provide their applications", Hollis Tibbetts - Chief Curator of OnlineBackupNews and a well-known technology author and expert in Cloud technologies.  "The dirty little secret is that these applications providers do not typically guarantee that this business-critical data will be protected against loss or corruption.  Most companies are not aware of this major risk - and as a result can suffer potentially devastating financial and business consequences" he continued.

Fewer than half of North American businesses have adequate protection measures in place for their data.  With the average cost of data breach or data loss approaching $1 million per incident, a solid data protection strategy is a necessity.

One of the leading reasons given for not having a cohesive plan for protecting corporate data is “lack of knowledge and skills” – an eminently fixable problem that OnlineBackupNews addresses by exposing risks, providing best practices and techniques and being a go-to resource for industry professionals.

About OnlineBackupNews:

Every year IT Downtime Costs $26.5 Billion In Lost Revenue Even with such high costs, 56% of enterprises in North America and 30% in Europe don’t have a good disaster recovery plan as reported by InformationWeek. Online Backup News aims to make sure you all have the news and actionable information needed to keep your IT Costs down and your information safe.

OnlineBackupNews ( is a free reference site to help organizations protect their data, applications and systems by providing online backup best practices, technology insights, strategies, real-world examples and various tips and techniques.


Michael Ortiz


Hollis Tibbetts

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If you’d like more information about this topic, or to schedule an interview with Hollis Tibbetts, please call Michael Ortiz at 512-998-9429 or email Hollis at

Hollis Tibbetts
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Tags:Cloud, Data, Security, Saas, IT
Industry:Business, Technology
Location:Austin - Texas - United States
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