Today’s digital technologies and high-performing applications need fast and reliable storage solutions to support their data needs. Cybercrime, hardware failures, human error, and natural disasters also pose a threat to data security. IT professionals need to ensure that storage systems can maintain high levels of performance and availability to meet data demands while protecting business-critical data from data loss and other security threats.
Secondary storage refers to internal or external storage devices used to store non-critical and infrequently accessed data for long periods of time. It differs from primary storage e.g. RAM, cache, which stores data, applications, and instructions that are currently in use by the computer.
Business is changing, and organizations across the globe are spreading out with more and more employees transitioning into remote, work from home positions. Apart from introducing new software for better communication for teams and management, this new work model may not have much of an effect on the existing software that companies use to aid in productivity – but it has a significant impact on the security of their data. Organizations that utilize the powerful tools of Microsoft 365 have a critical need for Microsoft 365 backup solutions to ensure that their data is protected at all costs.
While many organizations don’t have to think twice about protecting on-premise data, several don’t realize that they still need to protect their Cloud data, like data from Microsoft Office 365. Instead of running Microsoft applications themselves, businesses are consuming it as a service. Hosted in the Cloud, businesses can get the most up-to-date versions of the Microsoft Office Suite, OneDrive, and mobile apps. This allows users to access and edit documents anywhere, at any time, on any device. Office 365 is an example of Software as a Service (SaaS), but many SaaS applications have no data protection capabilities.
Cloud adoption by financial institutions has been on the rise. According to PwC, by 2020 core financial services like credit scoring, statements management, payments, and billing will use the cloud for processing and computing. From retail banking to collection agencies to asset management and investment banking, the cloud provides many use cases to bring scalability, cost savings and higher security to financial institutions.
The largest financial institutions have already adopted cloud technology. But it’s not just the J.P. Morgan’s or Bank of America’s of the world. Smaller financial institutions are finding the same benefits in cloud computing and cybersecurity practices that enterprises are leveraging. Here are 7 reasons financial institutions need cloud computing and cybersecurity.
1. Cost Savings
Financial institutions are leveraging the cloud to move IT operations to an operating expense model (OpEx). IT hardware and underlying infrastructure is expensive, and financial institutions are concerned about the rising costs associated with running data centers. Additionally, on-premise data centers are difficult to scale, and any growth requires large capital expenditures. Instead, hybrid cloud strategies allow banks and collection agencies to safeguard mission-critical data in the cloud without the high cost and maintenance that typical on-premise centers come with.
In today’s digitized world, cyberattacks are inevitable if businesses aren’t proactive in their protection. Regardless of business size, it’s only a matter of time before organizations become victims due to the absence of cloud computing and security solutions. In fact, 81% of cyberattacks affect small to medium-sized businesses, simply because they lack cloud knowledge.
Topics: Cloud Computing, Backup, Cloud Security, Cloud Storage, healthcare, Cybersecurity, SIEM, Intrusion Detection and Prevention, Office 365 Backup, Cloud Solutions, Identity Management, Security as a Service
Every year there is a new list of trending IT solutions that improve efficiencies and processes. IT professionals, in order to keep their organizations lean and agile, will look to this upcoming years' latest technologies and trends. With pressure to cut costs and improve processes, 2019's technologies can help CIOs, CTOs, and CISOs achieve this. Investing in cloud solutions and services will help organizations increase productivity, efficiency, and beat out competition. Here are the top 5 solutions your company should implement in 2019:
Did you know that, outside of the US government, the healthcare industry holds more personal data about the general public than any other business entity?
Everything from Social Security numbers to medical records to payment details are held by healthcare providers. If the information stored by these businesses were hacked, it would jeopardize the integrity of the healthcare industry and the livelihood of millions of Americans. As cyberattacks rise in the healthcare industry, this risk has become even greater.
The shift to the cloud has brought about several solutions that make doing business easier. Whether it be cost savings, added flexibility or ease of use, companies are offloading workflows to the cloud and maintaining a competitive advantage. Companies are also using the cloud for computing purposes to protect against cyber-attacks, like ransomware. Watch this On-Demand webinar on Ransomware Preparedness and Recovery.
Ransomware has become a keyword that triggers a quiver-like response in most business owners and IT Managers. This is for a good reason, as Ransomware has the ability to encrypt all of your business-critical data, disabling you access to the most important pieces of your enterprise. Cybercrimes, like Ransomware, are the fastest growing causes of data center outages, up 22 percent in 2016, and can cost you upwards of $3M in down-time costs. Don’t let a cyber-criminal ruin your reputation or halt your sales, take initiative to prepare yourself now! The cost to prepare is minuscule, compared to the impact of an attack, and WILL put you in a position where you will never have to negotiate with a criminal. Without further ado, here are four things you will need to protect yourself from those pesky cyber criminals.