By Shawn Dougherty and Bryan Flores, Verisk Insurance Solutions Group

Information technology professionals have recommended backing up files to protect information against hard drive crashes or stolen equipment since the integration of computers into the business world. Over the last three decades, data storage has evolved from floppy disks that held 1.44 megabytes of information to external storage capable of storing millions of megabytes (or, more concisely, multiple terabytes) of information.

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