Consumers have multiple options to back up their data, from hardware such as memory cards and external hard drives to online services like the cloud. Getty Images
Consumers have multiple options to back up their data, from hardware such as memory cards and external hard drives to online services like the cloud. Getty Images
Consumers have multiple options to back up their data, from hardware such as memory cards and external hard drives to online services like the cloud. Getty Images
Consumers have multiple options to back up their data, from hardware such as memory cards and external hard drives to online services like the cloud. Getty Images

Recent global IT outages are a lesson on why data backups should be taken seriously


Alvin R Cabral
  • English
  • Arabic

In the aftermath of two recent global IT breakdowns, barely two weeks apart, with one of them significantly crippling certain critical operations around the world, the importance of securing user data comes to the fore.

The first failure happened on July 19, after a botched update from US cyber security company CrowdStrike crippled Microsoft systems around the world, in what experts deemed the biggest IT disruption in history.

The second, less-volatile incident came on July 30, involving Microsoft again, which, this time, fell victim to a distributed denial-of-service attack that targeted its cloud division.

While there were no reported data losses, it could've been worse: any data loss would be a catastrophe, particularly for consumers, who experts argue should have the time to not just back up their data, but take it seriously.

“Everything can be lost in an instant, basically,” Yotasha Thaver, an analyst at the International Data Corporation, told The National.

Back up, or else

In 2023, the world created about 120 zettabytes of data, which would equate to about 337,080 petabytes in a day; with the estimated 5.35 billion internet users globally, that means each user can potentially create about 15.87 terabytes of data daily, according to data gathered by US software firm Edge Delta.

That's nearly double from just three years ago and expected to surge by a further 50 per cent by 2025.

For perspective, that means in a day, one person can fill up 16 units of an iPhone 15 Pro Max with a 1TB capacity – a considerable amount of data at risk of being lost.

Whether the data being created is for personal or professional use is irrelevant: the point is not having a backup plan could be damaging at any level.

In fact, the importance of backing up data has been further amplified by World Backup Day, which has been commemorated every March 31 since 2011.

Consider backing up as the “digital equivalent of having insurance” and regularly doing so as “digital hygiene”, said Tareq Al Husseini, a senior sales director at US data storage company Western Digital.

“Quantifying data loss and its impact can be a daunting task, but it’s essential to understand the gravity of not backing up your data,” he told The National.

“Losing years of work data, financial records and personal files can take a huge emotional or even professional toll on you – and in some cases, it can be irreparable.”

Safeguarding data at the consumer level is also a critical aspect of protecting one's digital assets, Mohit Pandey, head of sales for the Middle East, Turkey and Africa at US data storage company Seagate Technology, told The National.

These assets include sensitive content, such as personal and professional details, documents, and financial and legal information, and irreplaceable media, such as photos, videos and music.

Backups protect against human errors, hardware failure, power failures, natural disasters, over-reliance on automatic backup and, considering recent history, botched software updates and cyber attacks that lead to crashes.

“Backups can help save time, money and emotional distress if these failures occur. Being able to capture a full backup for various uses means that the need for automatic, unlimited solutions that you can access from anywhere are available to everyone,” Mr Pandey said.

The problem with backing up

However, inasmuch as there are several methods to back up data, consumers seem to take this for granted for a variety of reasons. As it is said, one may not take action for or believe in a certain situation until it happens or when it is too late.

“We all know why we should back up our data and we all know the consequences of not doing so when something goes wrong. There is no specific ‘biggest’ hurdle, but procrastination is a hurdle,” Ms Thaver said.

Mohit Agrawal, a research director at Counterpoint Research, agrees: “The 'I'll do it later' mentality often results in backups never happening … the thinking 'it will not happen to me' is a big mental block.”

Aside from procrastination, consumers also tend to have overconfidence in the reliability of the devices they use, he added.

Be it because of ignorance, laziness, or lack of awareness, “many users underestimate the importance of regular backups until they experience data loss first-hand”.

Another sticking point is the fact that you have to pay for backups – whether for hardware like external hard drives or on the cloud – as some users are reluctant to invest in such solutions, viewing them as an unnecessary expense. However, as a matter of fact, it can also be affordable.

In the UAE, a standard external hard drive starts from Dh200. Meanwhile, on the cloud, you can have options not to spend.

For instance, Apple offers free 5GB of iCloud storage on its devices; if you need more, plans start at Dh3.99 a month for an extra 50GB. Google, on the other hand, has a pay-as-you-go model in which you only pay for the space you use. The cloud may be cheaper up front, but you're locked into subscriptions to keep using that extra storage.

Despite all the options – and all the manuals and walk-throughs from data storage providers – users have the perception that the backup process is too intricate, which is a reason why older users do not back up their data, Mr Agrawal said.

“Other issues could be … that [backing up] is too slow and it takes too long, [and] the space required to backup data and the cost it comes with. Other times, accessing the backed-up data may be rather difficult if credentials are forgotten or compromised. It may seem like a tedious task,” Ms Thaver added.

Backup plans

While any breakdowns can be deemed unexpected, it is also not an excuse to be unprepared.

In both the CrowdStrike and Microsoft breakdowns, customers faced an “impossible event” that required them to respond quickly to recover their business operations, said Kevin Reed, chief information security officer at Switzerland-based cyber security firm Acronis.

“In the CrowdStrike event, they had to recover systems from a faulty update, while in the Microsoft case they needed to work with copy of data and systems available locally or from a different provider,” he told The National.

“This shows, that regardless of the nature of disruption, whether it’s a deliberate attack or a software bug, data recovery from a backup often remains the fastest and the most reliable approach to ensuring business continuity.”

These incidents put a spotlight on several key points for both consumers and businesses, including testing system updates, regularly backing up and ensuring that they have disaster recovery plans in place.

“While no data at rest was lost, many companies likely experienced loss of data that would have been captured during the downtime,” Andreas Hassellof, chief executive at Switzerland-based technology consultancy Ombori, told The National.

“Data at rest” is data that is not actively moving from network to network, or device to device.

This highlighted the “need for robust data collection and backup strategies that can handle temporary outages”.

Classification of skills

A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation. 

A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.

The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000. 

How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

How to avoid crypto fraud
  • Use unique usernames and passwords while enabling multi-factor authentication.
  • Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
  • Avoid suspicious social media ads promoting fraudulent schemes.
  • Only invest in crypto projects that you fully understand.
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  • Store funds in hardware wallets as opposed to online exchanges.
Gifts exchanged
  • King Charles - replica of President Eisenhower Sword
  • Queen Camilla -  Tiffany & Co vintage 18-carat gold, diamond and ruby flower brooch
  • Donald Trump - hand-bound leather book with Declaration of Independence
  • Melania Trump - personalised Anya Hindmarch handbag
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BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

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Price: From Dh650,000

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Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

FIXTURES

Thu Mar 15 – West Indies v Afghanistan, UAE v Scotland
Fri Mar 16 – Ireland v Zimbabwe
Sun Mar 18 – Ireland v Scotland
Mon Mar 19 – West Indies v Zimbabwe
Tue Mar 20 – UAE v Afghanistan
Wed Mar 21 – West Indies v Scotland
Thu Mar 22 – UAE v Zimbabwe
Fri Mar 23 – Ireland v Afghanistan

The top two teams qualify for the World Cup

Classification matches 
The top-placed side out of Papua New Guinea, Hong Kong or Nepal will be granted one-day international status. UAE and Scotland have already won ODI status, having qualified for the Super Six.

Thu Mar 15 – Netherlands v Hong Kong, PNG v Nepal
Sat Mar 17 – 7th-8th place playoff, 9th-10th place play-off

Monday's results
  • UAE beat Bahrain by 51 runs
  • Qatar beat Maldives by 44 runs
  • Saudi Arabia beat Kuwait by seven wickets
ULTRA PROCESSED FOODS

- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns 

- Margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars

- Energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces

- Infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes

- Many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts

Updated: August 11, 2024, 4:00 AM