Backups are very important.
There is no second thought on that.
We are now enabling a DB backup function from the ADMIN PANEL
What it does ?
This script finds the MySQL database on the server, backs it up (for easy recovery of specific data), compresses them, and stores the file in a specified directory and also emails it to you.
This is being applied to few existing sites.
We will also tune it up to set it as CRON JOB which means, the above process will happen automatically at a specified interval (every 2 days or week)
Cheers !