Data Recovery Cost: Is It Worth It?

Data recovery cost varies. In some cases, it can cost a lot. Not all data recovery issues are the same. For example, the cost of recovering data from a hard drive wouldn’t be the same as the cost of recovering data from another storage device. That said, it’s not that easy to put a flat rate on any kind of data recovery cost.

The first thing to note is that hard drive data recovery prices are variable. It is typically not one price to do every HDD recovery because as is often the case, the first answer is really ‘it depends…’!

(Via: https://www.thetechmentor.com/posts/how-much-for-hard-drive-recovery-the-costs)

Data recovery could also get quite costly, especially if it’s not done by professional technicians. Luckily, these days, there are reliable hard drive recovery experts who can get the job done well.

There are still ‘sharks’ who charge much more than what it costs them to recover your data, but in most cases the more damaged your hard drive and therefore the more difficult and time consuming the data recovery, the higher the cost. Good professionals have pushed most of those sharks out of the industry in recent years.

(Via: https://www.thetechmentor.com/posts/how-much-for-hard-drive-recovery-the-costs)

The first thing a reliable hard drive recovery service provider should do is to diagnose the hard drive.  Before anything else, there would have to be a proper diagnosis.

A reputable business will offer to assess your drive first to determine what kind of damage it has sustained. Once they have performed an initial analysis, they can discuss with you not only the cost, but also the likelihood of success. Remember that partial recovery may be possible and worthwhile.

(Via: https://www.thetechmentor.com/posts/how-much-for-hard-drive-recovery-the-costs)

There is a cost to data recovery. Even if it’s a DIY data recovery, there would be a time element to get it done. Time is cost. So there really is no free option to data recovery. It really costs to lose data and it costs even more to recover them. Data recovery cost is the sad repercussion of data loss.

One thing is definite though, the cost of not getting back data is lot higher than the cost of data recovery. Lost data can cost a business to close down.

According to an industry study by The Diffusion Group, who surveyed small business organisations, 60 percent of companies that lose their data close down within six months of the disaster and a staggering 72 percent of businesses that suffer major data loss disappear within 24 months.

The results of a similar study carried out by the British Chambers pf Commerce found that 93 percent of businesses that suffer data loss for more than 10 days file for bankruptcy within one year, 50 percent immediately.

(Via: https://www.workspace.co.uk/community/homework/technology/opinion-what-is-the-true-cost-of-lost-data-to-bus#OxTmwdweQSz3IdTs.99)

It’s pretty obvious that the cost of losing a business is a lot higher than data recovery cost. That’s just one aspect of the high cost of not getting back lost data. An even more scary thought that comes with lost data is security. Lost data can lead to security disasters such as identity theft. The cost of identity theft is unsurmountable.

Identity theft doesn’t just impact victims financially; it also often takes a significant emotional toll. A survey from the Identity Theft Research Center found that 69 percent felt fear for their personal financial security, and 65 percent felt rage or anger. And, almost 40 percent reported some sleep disruption. These feelings increased over time when victims were unable to settle the issue on their own, according to the report, which can result in problem as work or school, and add stress to relationships with friends and family.

(Via: https://www.csid.com/2016/09/real-cost-identity-theft)

Obviously, the cost of unrecovered data is a lot more. That just makes data recovery cost worth it. Choosing reliable data recovery experts to get the work done is critical. For the data recovery cost to be really worth it, only professional services, like https://www.harddriverecovery.org/data-recovery-services.html, should be considered. You can check out their recovery pricing at https://www.harddriverecovery.org/pricing.html.

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