March 31 is World Backup Day. Let’s Celebrate!
March 31st marks World Backup Day - so let's celebrate by backing up our data! The ability to seamlessly back up, protect and recover critical data is essential for investment management firms. Regulatory agencies and investors now expect businesses to have backup solutions and comprehensive record-keeping practices. Understanding the need and importance of implementing a backup solution can add instrumental value to your business.
Disaster recovery doesn't necessarily mean data backup. It’s imperative to understand the difference between backups and disaster recovery when thinking about your firm’s security plans. Disaster recovery, or DR, simply replicates the production. If something were to happen to the data center where your production system lives, you can resume operations in DR. However, if something is deleted in the production environment, that action is typically mirrored, thus deleted in DR as well. Backups, on the other hand, create an offline copy of your data which is not accessible except to restore, sometimes utilizing a third-party vendor to store that data in an alternate location. If access to a file was lost in both production and DR, backups grant the ability to recover the data and continue business as usual.
When it comes to backup file storage and DR planning, cloud solutions have an inherent advantage over on-premises systems, because mission-critical client and transaction data, as well as the financial applications, are stored off site. If a firm’s office is damaged by flood, fire, or windstorm, for instance, or inaccessible because of loss of power or human threat, day-to-day operations can continue with minimal interruption.
Because the security of data is imperative, it’s critical that firms choose the right provider to maintain tight control and visibility over business critical information. Eze Castle partners with KeepItSafe, a leading provider for managed online backup and recovery, to deliver our Eze Vault services.
Eze Castle's online backup and recovery service, Eze Vault, provides investment firms a highly reliable and secure data backup and recovery solution that is professionally managed by Eze Castle Integration. Our team works with you to design a backup and recovery strategy, troubleshoot problems and ensure that restores are fast and reliable.
Eze Vault automatically protects desktops, laptops and servers according to your retention timetable. Your data is de-duplicated, compressed, encrypted and then securely transferred to a remote top-tier data center. Your data is safely offsite for assured data protection and easy regulatory compliance. You can monitor and manage everything via a Web browser and restoring is as easy as point-and-click.