Have been in the thick of this in Australia, 'tis both mostly a money and mindset issue.
I've seen this time and time again. IT budgets barely cover what users want anyway, and projects being what they are with non-planned feature-creep extras etc. that suck away the last few bucks, so you can only just afford the stock standard minimalist disaster-recovery package. Whilst it usually looks good on paper and at board approval meetings (and keeps auditors happy); it, in reality, really sucks.
As with one's PC, business-wide backups are a 'she'll-be-right-mate' technology that everyone pays lip service to--full stop. (Except for the budget-cursing, fingernail-biting, fingers-crossed IT (projects) manager,)