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Source: Privacy Commissioner

We sometimes hear stories about individuals losing their entire photo library after their home is burgled. Failing to keep an offsite backup of important information can be a huge risk for organisations or individuals. A recent data breach incident at a New Zealand law firm provided an example of how professionals can also get into great strife if they do not have secure back-ups of their work. The firm in question was burgled, and their computers were taken. They had relied on the physical security of their building to protect their data and had no off-site back-ups of critical files. An external hard drive with backups of all the data was stored on-site and was also stolen. The data was not encrypted. The importance of securing your data

For ordinary business records, a total loss of data is bad enough.

MIL OSI