Backup: Backup is the first critical component of data protection for the financial services, banking and insurance industries. No matter where your data sits in your data center or in the cloud, reliable and automated backup is a must. In fact, government and industry regulations demand it, and in many cases, you may need to prove that backups are happening and are successful. Backup for physical, vertical, on-premises and cloud data should be easy to control so you can meet your business data security needs.
Recovery: But what good is a mountain of backups if you can’t recover them? Industry research tells us that financial institutions still struggle to recover data in an efficient manner. Financial institutions require recovery strategies that allow them to meet increasing business objectives for uptime and availability. That includes data in business-critical systems as well as second- and third-tier data and applications. This can get complex without integrated backup, recovery and replication tools, which give you the flexibility to recover the exact data you need.
Cloud acceleration: The cloud is a significant component of financial data protection, backup and recovery, both as a backup storage location and as a source of data that needs protection. The adoption of FinTech continues to shape how financial, banking and insurance companies deliver services to their customers. This new strategy continues to push more applications and data out of the traditional corporate data center and to a cloud and hybrid-cloud architecture. Backup and recovery can also be an efficient tool for moving data to the cloud by allowing organizations to back up, replicate and recover their production data as their migration mechanism.
Monitoring and analytics: Data monitoring ensures that both backups are performing to expected levels as well as helping users spot problems before they cause disruption. Again, a holistic approach is best. You should provide monitoring and analytics across your virtual, physical hybrid and public cloud environments. This gives financial services organizations not only visibility into their recovery readiness but allows them to ensure they are compliant with governance and regulatory mandates.
Ransomware and data security: Ransomware is everywhere, and few industries have as much at stake as financial institutions. A comprehensive data protection platform both monitors your systems for anomalies that indicate ransomware and allow you completely isolate backups to keep them malware-free and safe. When ransomware does strike, Modern Data Protection allows you to recover instantly with near-zero disruption to operations and service.
DR orchestration: When problems disrupt service delivery, you must act quickly to minimize downtime and business loss. Orchestration, or automation, of the recovery process, including Disaster Recovery (DR) planning and documentation, significantly streamlines recovery when disaster strikes.
Data reuse: One of the added values of data protection is the reuse of your backup data. By tapping into a complete replica of your production environment for data mining, security and update testing and development, you can accelerate and increase DevOps efficiencies.