Whether or not you've made the move to the cloud, you need the reliable backup and restoration systems in place. If your data includes personally identifiable information, make sure this includes the right encrypted backup solution to ensure that your don't run afoul of the ever-strengthening data protection laws.
Laws are tightening
Financial and healthcare institutions are already subject to stringent data protection regulations like HIPAA, Sarbanes-Oxley, and the Gramm-Leach-Bliley Act as well as SEC, NASD, NYSE requirements. In addition, the majority of states have already enacted data protection laws that apply to any company storing personal information, regardless of industry.
California has notably tightened their data breach notification laws, and other states are likely to follow suit as more consumers are affected by inadequate security practices.
Risks are increasing
We're all aware of the threats posed by hackers, but you don't have to be a giant like Target to suffer a breach, and hackers aren't the only threat you face.
In the state of Maryland alone, there have been thousands of residents affected by data breaches so far this year. This includes the recent breaches at the University of Maryland and Johns Hopkins, as wells as smaller businesses. While hackers were responsible for the majority of these breaches, many were due to lost devices and technical glitches.
Data breach notification laws require all companies to make these failures public, further damaging the business. A secure data center greatly reduces your risk.
Civil penalties can be immense
While the data protection regulations penalize companies for failing to comply with data breach notification laws, the civil penalties following a breach can be overwhelming.
In addition to compensating consumers affected by the breach, the courts are increasingly penalizing companies for failing to implement the right data protection measures in the first place. Take, for example, the AvMed settlement in late 2013, which required the company to return part of customers' premium payments, representing what the company should have been spending on data protection. Costs like this can quickly escalate and drive a company out of business.
Taking the right steps today to protect your data can save you thousands of dollars and protect your company's reputation.
Think about data restoration
You can employ a combination of data encryption techniques, and as technology advances, you'll want to adopt the latest technology to make sure your protection stays current. Make sure that your system retains backward compatibility to ensure that your data restoration process still works.
Although the US hasn't yet followed the EU in enacting data security laws requiring companies to surrender their encryption keys, they can require you to supply your data and you need to make sure its available on demand – especially if you're subject toindustry regulations like HIPAA or Part 11.
With an experienced IT provider, you're assured that your data is protected and accessible.
Move away from tape
Stolen backup tapes make up a significant percentage of data security breaches each year. You must employ the right data encryption measures regardless of media type, but outdated technology adds an unnecessary risk. Additionally, this backup method is notoriously unreliable due to the ease with which it can be corrupted and destroyed during transport and storage.
A state of the art backup solution like ByteGrid, offers multi-layered, compliant data protection that works within any organization's existing infrastructure.
ByteGrid has been implementing robust, compliant IT solutions since 1999. Let ByteGrid move your data safely to the cloud and keep your data available and fully protected.