In the financial sector, safeguarding sensitive data is essential. Financial institutions handle vast amounts of confidential information, making them prime targets for cyber attacks. To mitigate these risks, Sourcepass and Acronis offer comprehensive solutions that ensure data protection and compliance.
This blog post explores how we leverage Microsoft 365 (M365) Cloud Backup & Archiving, conduct thorough data protection assessments, and use backups as a last line of defense against ransomware. Additionally, we’ll discuss the partnership between Sourcepass and Acronis and how it benefits financial institutions.
Leveraging M365 Cloud Backup & Archiving for Compliance
Compliance with regulatory requirements is a critical concern for financial institutions. Regulations such as GDPR, CCPA, and FINRA mandate stringent data protection and retention policies. Sourcepass and Acronis help financial institutions meet these requirements through M365 Cloud Backup & Archiving.
- M365 Cloud Backup: Microsoft 365 is widely used in the financial sector for its robust productivity tools. However, its native backup capabilities may not be sufficient to meet stringent compliance requirements. Sourcepass and Acronis provide enhanced M365 Cloud Backup solutions that ensure all data, including emails, documents, and collaboration tools, are securely backed up. This ensures that data can be quickly restored in the event of a breach or accidental deletion, maintaining business continuity and compliance.
- Archiving for Compliance: Archiving is mandatory for compliance, as it ensures that data is retained for the required period and can be easily retrieved for audits or legal proceedings. Acronis’s archiving solutions integrate seamlessly with M365, providing secure, long-term storage for critical data. This helps in meeting regulatory requirements, and also reduces the risk of data loss and ensures that financial institutions can demonstrate compliance during audits.
Data Protection Assessments: Are Your Backups Capturing All of Your Critical Data?
Regular data protection assessments are crucial to ensure that backups are comprehensive and effective. Sourcepass and Acronis offer detailed assessments to help financial institutions identify gaps in their backup strategies.
- Comprehensive Assessments: Sourcepass conducts thorough assessments of a institution’s IT infrastructure to identify critical data and ensure that it is being adequately backed up. This includes evaluating current backup solutions, identifying potential vulnerabilities, and recommending improvements. By conducting these assessments, Sourcepass ensures that financial institutions have a robust backup strategy that captures all critical data.
- Continuous Monitoring and Improvement: Acronis provides continuous monitoring of backup processes to ensure that they remain effective over time. This includes regular testing of backup integrity, monitoring for potential issues, and making necessary adjustments to improve performance. By continuously monitoring and improving backup processes, Acronis ensures that financial institutions are always prepared for potential data loss scenarios.
Backup: Last Line of Defense for Ransomware Protection
Ransomware attacks are a significant threat to financial institutions, with the potential to cause severe financial and reputational damage. Backups serve as the last line of defense against ransomware, ensuring that data can be restored without paying a ransom.
- Ransomware Detection and Prevention: Sourcepass and Acronis employ advanced technologies to detect and prevent ransomware attacks. This includes real-time monitoring of network traffic, user behavior analysis, and the use of artificial intelligence to identify and block ransomware threats. By preventing ransomware attacks, these solutions protect sensitive data and maintain business continuity.
- Reliable Backup Solutions: In the event of a ransomware attack, having reliable backups is crucial. Acronis provides secure, encrypted backups that ensure data can be quickly restored without paying a ransom. Their solutions include features such as incremental backups, which save time and storage space, and end-to-end encryption to protect data integrity. By ensuring that backups are reliable and secure, Acronis helps financial institutions recover quickly from ransomware attacks.
Partner with Sourcepass and Acronis: Working Together for Business Outcomes
The partnership between Sourcepass and Acronis brings together the strengths of both companies to provide comprehensive data protection solutions for financial institutions.
By leveraging Sourcepass’s expertise in cybersecurity and Acronis’s advanced backup and recovery solutions, financial institutions can achieve robust data protection and compliance.
- Collaborative Approach: Sourcepass and Acronis work closely with financial institutions to understand their unique needs and challenges. This collaborative approach ensures that the solutions provided are tailored to meet specific requirements, resulting in more effective data protection strategies.
- Enhanced Business Outcomes: By partnering with Sourcepass and Acronis, financial institutions can achieve enhanced business outcomes. This includes improved data protection, reduced risk of data breaches, and compliance with regulatory requirements. Additionally, the partnership helps institutions maintain client trust and business integrity, which are critical components of success in the financial sector.
Want to learn more about how Sourcepass and Acronis protect sensitive data for financial institutions?
Speak to one of our IT specialists to learn how Sourcepass and Acronis can help.