Why organizations are taking the leap to backup as a service (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.