Articles about BaaS

As one of the world’s most valuable commodities, data has increasingly been the focus of cybercrime over the past decade. As a core segment of a modernized organization, data-first approaches to business intelligence are extremely common. Its centrality in modern business has led to an average data breach costing over $4.4 million dollars for the attacked company. With this astounding penalty for poor security defenses, the need to backup and protect data has risen to an all-time high.

Typically, companies that wanted to protect their data through backups would do so by creating on-premise storage. However, due to the expanding amount of information that businesses commonly access and utilize, the scope of what organizations needed to save continued to increase. Instead of adding a few external servers and hard drives, or NAS (Network-attached Storage), they now needed to create entire systems, which were costly to install and maintain.

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Core banking technology moves pretty fast. If you don’t stop and look around once in a while, you could miss out…

The reduced cost of fintech, and increased functionality of cloud-based "as a service" models can reduce the number of applications a bank is running by 30 to 40 percent, and the cost of ownership by 15 to 20 percent, when compared to traditional financial services IT infrastructure.

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Companies are increasingly recognizing the increasing need to protect their SaaS environments, with almost 90 percent of Microsoft 365 customers now using supplemental measures rather than relying solely on built-in recovery capabilities.

The latest study from data protection specialist Veeam finds 98 percent of organizations use a cloud-hosted infrastructure like Backup-as-a-Service or Disaster Recovery-as-a-Service as part of their data protection strategy.

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As cases of ransomware continue to proliferate the news, many CEOs are approaching their CTOs and CSOs, asking, "What should we be doing?" When it comes to ransomware threats, it’s not if an attack will happen, but when -- and when again.

Proper threat mitigation for your business involves a two-pronged approach: preventative and restorative efforts. But far too often businesses are prioritizing their preventative measures instead of giving adequate attention to the restorative side of the equation -- which ransomware cybercriminals exploit. For example, in a recent Pulse Study on IT executives’ perceptions of managed resiliency, 32 percent of respondents claimed to favor preventative measures over restorative measures.

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