An employee abuse led to the corruption of a large amount of sensitive financial information in an Excel file belonging to a global accounting firm in August 2023. 

As a result of the Excel data corruption, the accounting firm was unable to provide timely and accurate financial reports to its clients and faced significant financial losses and reputational risk. 

Statistics showed that the direct financial loss caused by the Excel file corruption exceeded US$1 million, and the indirect financial loss was incalculable. In addition, the data loss also led to serious consequences such as disruption of client company operations, decreased customer trust, and brand image damage.

It is clear from this incident that enterprise data security is of critical importance. When we are confronted with a situation such as this, what can we do to repair corrupt Excel files?

Status Quo of Excel Data Damage

In recent years, Excel data corruption incidents have been frequent, causing huge losses to individuals and businesses. According to statistics, the economic losses caused by Excel data corruption in 2023 has been amounted to billions of dollars globally. The causes of Excel data corruption are varied and include:

• Human error: Misuse, file deletion, formatting errors, etc.
• Hardware failure: Hard disk damage, motherboard failure, power supply failure, etc.
• Software failures: Software errors, virus attacks, system crashes, etc.
• Natural disasters: Fire, flood, earthquake, etc.

Here are two relevant cases of Excel data damage:

• In November 2022, Employee misuse at a major U.S. retailer resulted in the Excel corruption of its core data, causing more than $100 million in daily losses and hampering operations at hundreds of stores.

• In May 2021, virus attack on a major Chinese hospital cripples the healthcare system. This resulted in the Excel loss of a large amount of patient information, forcing the hospital to pay a large ransom and suffer reputational damage.

Excel data is the lifeblood of an organization. These files contain critical data including financials, customer management and other important details. Given the growing data security landscape, organizations must prioritize document security and implement strong data security measures. One of the key points is to have a reliable method to recover from Excel data corruption.

Repair Corrupt Excel File Utilizing Processional Software 

Moebius Tech-STORM(MTM) understands the significant impact that document loss or corruption can have on your work and life. To address this challenge, we have developed MTM File Recovery software to protect your documents.

Powerful Features of MTM File Recovery

1. Support multiple file formats: MTM File Recovery supports repair excel various file formats to ensure compatibility with your important documents.

2. Solve Corrupt Excel File Problems: MTM File Recovery solves Excel file corruption problems including:

Inability to open documents

Lost or corrupted document content

Formatting errors

Virus infection

Accidental deletion

Compression or format corruption

MTM File Recovery utilizes advanced repair algorithms to effectively solve even complex corruption problems, providing stronger repair capabilities and higher success rates than similar software.

3. Batch Repair: With MTM File Recovery’s batch repair feature, you can repair multiple corrupted documents at the same time, increasing your work efficiency.

4. Check for Document Damage: Use MTM File Recovery’s Document Damage Check feature to quickly identify damaged documents. Scan your computer or a specified folder to find all corrupted documents.

5. Protect your privacy: MTM File Recovery utilizes advanced security technology to protect your privacy. It ensures that your documents and information remain confidential during the repair process. MTM File Recovery offers higher security and reliability than other similar programs.

Steps of How to Repair Damaged Excel Files

To repair corrupted Excel files using MTM File Recovery software, you can follow the steps given below:

Step 1: Download and install MTM File Recovery software. Download MTM File Recovery software from the official website. Take care to select the software version for Excel before downloading.

Step 2: Select one or more corrupted Excel files. After the installation is complete, double click on the software icon to open MTM File Recovery. click on the “Add” button at the top of the software to select Excel files.

Step 3: Wait for the software to scan and repair. After selecting the files, the software will automatically start and finish scanning and repairing the Excel files.

Step 4: Preview and select files for export. After the scanning is finished, you can preview the found file data and confirm whether they are the Excel files you want to recover.

Select the Excel files you want to recover. Click the “Export” button on the top of the software to choose a safe location to save the recovered files.

Case Solved with MTM File Recovery

In September 2023, a virus attack on a large hospital’s healthcare system resulted in the loss of a large amount of patient information, including a large number of Excel files. The hospital used MTM File Recovery software to successfully recover all patient information and avoid a medical incident. 

The case show that MTM File Recovery can effectively help organizations solve data loss and corruption problem. It is second to none for secure Excel data recovery for judicial sectors, government, and enterprise.

How to Prevent Excel Data Corruption

Here are the bonus tips. In order to avoid Excel data corruption, it is recommended that you take the following measures:

1. Back up your data regularly: Back up your data to an external storage device or to the cloud regularly to ensure that you can recover your data even if data corruption occurs.
2. Use reliable antivirus software: Install reliable antivirus software and update the virus database regularly to prevent data corruption due to virus attacks.
3. Use the software carefully: When using the software, please pay attention to the operation specification to avoid data corruption due to misuse.

Conclusion

Excel data security is an issue that businesses and individuals need to pay great attention to. If you also encounter problems such as corrupt Excel files, MTM File Recovery is the perfect solution to help you repair them easily. MTM Technology S.T.O.R.M is committed to providing you with high-quality data recovery solutions that give you peace of mind!