Our modern day society wouldn’t even be imaginable today without computers and the Internet. The world is so interconnected that sending a message from one part of the globe to the other is possible within seconds and sometimes even fractions of a second. This is how fast the world we live in today works. However, this speed does not come without costs. Although cheap to the regular day-to-day consumer, this speed of information transfer is at a tremendous expense for companies which continually invest in their IT departments to make communication between them and their clients possible at any time and a solid backup and disaster recovery plan is extremely vital.
When dealing with clients, no matter if you’re operating in the Business to Business (B2B) sector, Business to Client (B2C) sector, or both, every IT Director, VP of IT, CIO, CTO, CEO, CFO of a company operating in the financial industry should keep this in mind.
Like in most industries, the financial services sector makes no exception. It is always better to prevent than to fix because when you’re operating in finance, one mistake could cost the company a fortune, or it could even mean the end of it.
To be sure that in case of any cyber-attacks or an unfortunate system crash your company’s and your clients’ data is safe, you need to implement constant backups for each operation your company undertakes. It means paying particular attention to details and having efficient software to deal with thousands of transactions (if not millions) each day.
In the case of a disastrous event for your company, the first department that must be contacted is IT. Make sure that the Disaster Recovery Plan (DRP) is up to date and check the latest updates with the person in charge of supervising it, as it may be crucial to your company’s fast recovery.
Anything starting from a hacker attack to a hurricane can ruin your entire system and make it crash for minutes if not hours on end. Your Disaster Recovery Plan needs to have an analysis of all possible threats, natural or human-caused, and an action plan equipped with tasks for each IT specialist in the event of such a disaster takes place.
Having a strong updated DRP can make the difference between companies losing none, or close to none of its data, funds, and clients; and a company losing everything within minutes, hours or days.
The difference between having your own IT department undergo the best practices for a reliable backup and disaster recovery plan and outsourcing this service is that with your employees you are dealing with people who work on different fronts, thus dividing their attention, as opposed to an IT management company which oversees this process strictly.
Having the solid backup and a disaster recovery plan updated to the latest best practices in the field is a crucial aspect in running any business, whether we’re talking about the financial sector, biotech, healthcare or even non-profit organizations. Everyone is at risk if specialized people are not focused strictly on making this task a priority.
Most of the times, it only takes a few minutes or hours without having a reliable backup or a well-structured disaster recovery plan for the information to be leaked to the press. When this information reaches the public, your company’s stock, credibility, and reputation drop immediately, even if you eventually manage to solve the problems without any severe damage to your clients and their accounts.
However, it takes years to build a reputation and just a few moments to ruin it, so why take the chance? If you’re interested in learning more about best practices for solid backups and disaster recovery plans, be sure to visit our website or contact our specialists for more details and any questions you may have.
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•The cluster topology (client nodes, master nodes and data nodes)
•The structure of each index (the number of shards and replicas to specify)
•The virtual hardware (disk capacity and speed, amount of memory, number of CPUs)
•The allocation of resources on each cluster (disk layout, Java Virtual Machine memory usage, Elasticsearch queues and threads, I/O buffers)
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By Pallavi Joshi as written on azure.microsoft.com
More and more cloud customers are hit with security issues, as a result, awareness of the importance of Azure backup security is increasing rapidly.
These security issues result in data loss and the cost of security breach has been ever increasing. Despite having security measures in place, organizations face cyber threats because of vulnerabilities exposed by multiple IT systems.
All these and many such data points pose very strong questions – Are your organization’s IT applications and data safe? What is the cost of recovering from the huge business impact in case of cyber attacks? If you have a backup strategy in place, are your cloud backups secure?
“Currently, there are over 120 separate ransomware families, and we’ve seen a 3500% increase in cybercriminal internet infrastructure for launching attacks since the beginning of the year” - CRN Quarterly Ransomware Report.
To mitigate the threat of such attacks, FBI recommends users regularly backup data and secure backups in the cloud. Continue reading today's blog to learn about Security Features in Azure Backup that help secure hybrid backups.
Malware attacks that happen today, target production servers to either re-encrypt the data or remove it permanently. Also, if production data is affected, the network share as well as backups are also affected, which can lead to data loss or data corruption.
Hence, there is a strong need to protect production as well as backup data against sophisticated attacks and have a strong security strategy in place to ensure data recoverability.
Azure Backup now provides security capabilities to protect cloud backups. These security features ensure that customers are able to secure their backups and recover data using cloud backups if production and backup servers are compromised.
These features are built on three principles – Prevention, Alerting and Recovery – to enable organizations increase preparedness against attacks and equip them with a robust backup solution.
To start leveraging these features, navigate to recovery services vault in the Azure portal and enable them or simply contact one of our experts here.
Azure Backup, an enabling technology of Availability on Demand, is a scalable solution that protects your application data with zero capital investment and minimal operating costs.
*Based on the Gartner study, published in February 2014, comparing TCO of cloud backup to tape backups.
Access full report
Data is the heart of any organization and backing up this data is a key part of a business strategy. Azure Backup is a scalable solution with zero capital investment and minimal operational expense.
Your data and applications are everywhere—on servers, clients and in the cloud. Azure Backup can protect your critical applications, including SharePoint, Exchange, and SQL Server, files and folders, Windows servers, Windows clients, and Azure IaaS VMs.
Due to business or compliance requirements, organizations are required to protect their data for years, and over time this data grows exponentially. Traditionally, tape has been used for long-term retention. Azure Backup provides a compelling alternative to tape with significant cost savings, shorter recovery times and up to 99 years of retention.
Your backup data is secure over the wire and at rest. The backup data is stored in geo-replicated storage which maintains 6 copies of your data across two Azure datacenters. With 99.9% service availability, the solution provides an operational peace of mind.
This solution is efficient over the network and on your disk. Once the initial seeding is complete, only incremental changes are sent at a defined frequency. Inbuilt features such as compression, encryption, longer retention and bandwidth throttling helps boost IT efficiency.
Want to learn more? Contact one of our experts here and get started on your cloud backup journey today.
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