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Shopify is a cloud-based e-commerce platform that allows users to build online stores, manage sales, market products, and accept payments both online and in physical locations. Serving over 2.1 million customers daily, Shopify is widely adopted by small and medium-sized businesses. With the growing number of users, the risk of data loss also increases.
Data loss can have severe repercussions. Recent statistics show that nearly 70 percent of small businesses close within a year of experiencing significant data loss. Moreover, the data breach cost for SMBs averages around $4.45 million, which can be devastating for businesses with limited financial resources. Given these statistics, it is evident that safeguarding your Shopify data through regular backups is not just a precaution but a necessity.
Regularly backing up your Shopify data is critical for safeguarding your business information, ensuring compliance, and maintaining business continuity. By implementing a secure cloud backup solution like SysCloud, you can protect your business from data loss and recover swiftly from disruptions.
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