Object Storage: The Solution To Financial Services’ Endpoint data Backup Challenge?

By Neil Stobart, Vice President, World System Engineering, Cloudian

The problem of knowledge storage and safety is a well-known one for the monetary companies sector. Most banks and monetary establishments are required by legislation to securely retailer the info they acquire for various durations – as much as seven years within the UK.

As the amount and complexity of knowledge has elevated over time, IT decision-makers liable for knowledge storage have needed to rigorously stability safety, compliance useability and price components. Final yr's homeworking revolution added one other layer of complexity to those challenges.

The distant working curveball 

Beforehand, most organisations had a workforce that was largely confined to only one place – their places of work. This meant staff principally labored on the identical bodily community as their firm's file server.

For the reason that transfer to distant working, it has grow to be a lot more durable for banks and monetary establishments to know and management the networks and gadgets their staff are utilizing.  A a lot bigger proportion of staff now retailer worthwhile knowledge not solely on their laptops but in addition on their smartphones and tablets. It is a regarding thought when you think about that 38% of iOS apps and 43% of Android apps embody at the very least one high-risk vulnerability. Every of those endpoints represents a "mini knowledge centre" that must be backed up correctly.

And that is no "short-term blip". Regardless of preliminary scepticism from many banking bosses – together with Goldman Sachs and JP Morgan CEOs David Solomon and Jamie Dimon – the worldwide shift to distant working will possible be at the very least partially everlasting.

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