Disasters happen, and they happen frequently. Most people tend to think of fires, floods, earthquakes, and tornadoes when they think of disasters. However, there are much more common threats out there. For example, a particularly nasty cyberattack can put a very real stop to your daily operations by holding your data hostage.
Going without a plan is risky because it means you have no documented recovery process. 21% of small-business owners without a written disaster plan said they don’t have one because it’s not a high priority for them. In the short term, it inflicts your organization with more downtime (and therefore more costs).