Backing up is dull to do for advisers; Many ignore the chance of a hard-drive meltdown.(Tech Tips)

From: Investment News | Date: May 5, 2008 | Copyright information

Byline: Davis D. Janowski

Backing up computer files is a vital but tedious way to protect a financial practice. Nevertheless, many financial advisers don't do it, perhaps because they think a hard-drive meltdown almost never happens or won't happen to them anyway.

The odds that such a meltdown will occur, however, are greater than many of them understand.

For instance, out of a fleet of more than 100,000 consumer-grade hard drives, 1.7% of those dr...

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