What is backup and why do I need to need it?

What is backup?
Backup is a second copy of all your files and data that can be used to bring a failed system back online, following an attack or a disaster. Rather than storing all your important files at a single place, you maintain a copy of everything important for added safety.
You need it because you're in a digital world where you spend nearly 12 hours a day on your digital devices.
Businesses lose over $100,000 per ransomware incident due to downtime and recovery costs.
The cybercrime will cost the world $6 trillion annually by 2021, as compared to $3 trillion in 2015.
96% of businesses with a disaster recovery solution in place fully recover operations.
In a ransomware attack, 60% respondents paid the ransom. However, 67% did not pay it as they had a full backup
93 percent of consumers and 97 percent of businesses back up their data at least once a year.
Cryptojacking attacks are increasing by over 8000% as miners exploit the computing power of unsuspecting victims.