Back-Up Copy

A back-up copy is a duplicate of information stored on a computer, made to prevent data loss or destruction. Essential for any business, ensuring continuity and data security through proper storage strategies.

Definition

A back-up copy is a duplicate version of data stored on a computer or a digital system, created to prevent data loss due to accidental deletion, hardware failure, or cyberattacks. These copies are critical in ensuring data integrity and continuity, and they should be stored in a different physical or cloud location from the original to minimize risk. Sensible businesses regularly schedule the creation of back-up copies based on the frequency of data changes, the difficulty of data replacement, and the overall importance of the data.

Examples

  1. Daily Back-Ups: A financial institution performs daily back-ups of transaction records to an offsite server to ensure data recovery in case of a server crash.
  2. Weekly Back-Ups: A small business that does relatively less frequent data entry may opt for weekly back-ups of its non-critical documents stored on cloud storage.
  3. Real-Time Back-Ups: An e-commerce website uses real-time back-up solutions where every data change is immediately mirrored to a secure remote storage location to avoid losing any customer transaction information.

Frequently Asked Questions (FAQs)

What are the different types of back-up copies?

  1. Full Back-Up: A complete copy of all data at a specific point in time.
  2. Incremental Back-Up: Copies only the data that has changed since the last back-up.
  3. Differential Back-Up: Copies data changed since the last full back-up.

How often should I perform back-ups?

The frequency depends on:

  • How often the data changes.
  • The critical nature of the data.
  • The feasibility of data replacement.

What is the best storage option for back-up copies?

Optimal storage options include:

  • Cloud Storage: Flexible and scalable for all sizes of data.
  • External Hard Drives: Cost-effective for smaller volumes of data.
  • Offsite Servers: Better for large businesses requiring frequent back-ups.

How secure are back-ups?

Security measures for back-ups include:

  • Encryption: Protects data in transit and at rest.
  • Access Control: Limits access to authorized personnel.
  • Regular Audits: Ensures that the back-up process is effective and data remains intact.

Why store back-ups in a separate location?

Storing back-ups in a separate location protects against:

  • Physical damage (fire, flood).
  • Localized hardware failures.
  • Site-specific cybersecurity breaches.
  1. Data Integrity: The accuracy and consistency of data over its lifecycle.
  2. Disaster Recovery Plan: Strategies and processes for swiftly recovering data and operations after a disaster.
  3. Business Continuity Plan: Plans to ensure critical business functions continue during and after a disaster.

Online References

Suggested Books

  1. “Backup & Recovery” by W. Curtis Preston: A comprehensive guide on data protection fundamentals and best practices.
  2. “Implementing Backup and Recovery: The Readiness Guide for the Enterprise” by David B Little: Resourceful book for strategies in large-scale data backup and recovery solutions.
  3. “Data Protection: Governance, Risk Management, and Compliance” by David G. Hill: Focuses on policies and procedures for secure data management and backup.

Accounting Basics: “Back-Up Copy” Fundamentals Quiz

### What is the primary purpose of creating back-up copies? - [x] To prevent data loss and ensure data recovery. - [ ] To duplicate data for extra processing power. - [ ] To reduce storage costs. - [ ] To increase network speed. > **Explanation:** The primary purpose of creating back-up copies is to prevent data loss and ensure data recovery in case of accidental deletion, hardware failure, or cyberattacks. ### Where should back-up copies ideally be stored? - [ ] On the same server as the original data. - [ ] On a nearby local device. - [x] In a different physical or cloud location from the original. - [ ] In the same office for easy access. > **Explanation:** Back-up copies should ideally be stored in a different physical or cloud location from the original to minimize the risk of data loss due to hardware failure or other localized disasters. ### Which type of back-up copies only record data changes since the last full back-up? - [ ] Full back-up - [x] Incremental back-up - [ ] Differential back-up - [ ] Redundant back-up > **Explanation:** Incremental back-ups only record data changes since the last full back-up, making them more efficient and taking less space compared to full back-ups. ### Why is encryption important for back-up copies? - [ ] It reduces the storage cost. - [ ] It speeds up the back-up process. - [x] It protects data from unauthorized access. - [ ] It reduces back-up size. > **Explanation:** Encryption is important for back-up copies as it protects data from unauthorized access, ensuring that sensitive information remains secure. ### Which of the following is a common type of data loss? - [ ] Regular maintenance - [ ] Network upgrade - [x] Hardware failure - [ ] Hiring new staff > **Explanation:** Hardware failure is a common type of data loss that underscores the importance of having back-up copies. ### What factors determine how often back-up copies should be made? - [ ] Company size and location - [x] Frequency of data changes, criticality, and replacement difficulty - [ ] Type of data stored and budget constraints - [ ] Employee count and office hours > **Explanation:** How often back-up copies should be made depends on the frequency of data changes, the critical nature of the data, and how difficult it is to replace the data. ### What is the benefit of offsite servers for back-up storage? - [x] Protects data from local disasters - [ ] Reduces energy consumption - [ ] Speeds up data retrieval - [ ] Lowers employee workload > **Explanation:** Offsite servers help protect data from local disasters such as fire or flood, ensuring that data can be recovered even if the primary site is compromised. ### What type of back-up strategy copies all data at a specific point in time? - [x] Full back-up - [ ] Incremental back-up - [ ] Differential back-up - [ ] Mirror back-up > **Explanation:** A full back-up strategy copies all data at a specific point in time, creating a complete duplicate of the original data. ### Which aspect does a Business Continuity Plan primarily focus on? - [ ] Data encryption - [ ] Profit maximization - [x] Continuation of critical business functions during and after a disaster - [ ] Reducing operational costs > **Explanation:** A Business Continuity Plan primarily focuses on ensuring that critical business functions continue during and after a disaster. ### Which tools or software can offer real-time back-up solutions? - [ ] NetBeans - [ ] AWS Lambda - [x] Acronis, Carbonite - [ ] Microsoft Word > **Explanation:** Tools like Acronis and Carbonite offer real-time back-up solutions, where data is continuously backed up to a remote location to ensure its immediate availability when needed.

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Tuesday, August 6, 2024

Accounting Terms Lexicon

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