There has been a dramatic increase in data breaches and the resulting financial losses over the last several years. Sensitive data has been lost, stolen, or released to the public at an alarming rate for various sectors throughout the globe, and the issue is only growing worse.
Even while some of these high-profile data breaches and leaks cost the compromised organization millions of dollars, many more have resulted in a devastating blow to the company’s reputation and its ability to market its products.
Hackers are responsible for some of the events, but errors, negligence, and even theft are to blame for the vast majority. You could avoid the great majority of problems caused by workers or trusted third parties if the compromised organization had taken preventive measures.
It isn’t easy to monitor staff behavior when dealing with email attachments, but there are ways to make sure everything is handled correctly. Tape backups, data replication, data mirroring, and electronic vaulting are just some of the ways an organization may safeguard its data.
We will examine the eVault alternative in detail in this article.
Solutions for protecting your data
As businesses grow more reliant on instantaneous access to information and less tolerant of downtime, you must place a greater emphasis on maintaining operations in the long term. In light of previous large-scale tape security breaches, e-vaulting services have received much attention.
Backing up data on tape is a labor-intensive and expensive process that takes along. There is a high risk of theft, unencrypted data, and no password security for tape-based backup systems.
E-vaulting may provide you with policy-based management over backup media and devices. It eliminates human error and delivers encryption, system availability, dependability, and security via e-vaulting
It is technically correct to say that an online backup service called e-vaulting is an automated system for securely storing and retrieving electronic data.
In addition to recovery sites, reciprocal sites, third-party locations near recovery sites, and commercial hot/cold sites, e-vaulting may be situated in a variety of other places, as well. E-vaulting security measures are as diverse as the dangers and weaknesses they seek to protect.
Some of the most often used are as follows:
You require transmission to the vault site through the channel extender for this method, which utilizes either an image copy tape (or huge /journal tape) (communication network). Using this approach will have negative consequences for both performance and availability.
Batch transmission from one host to another
A high-speed file transfer between two host computers, one at the recovery site and the other at the central computer center, is possible using this alternate method. The data integrity provided by this technology is superior to that of channel extenders.
Real-time transmission between hosts
Data loss is assessed in seconds instead of minutes or hours using the real-time technique, unlike the channel or batch transmission methods. Consequently, you can recover the database much more quickly after a catastrophe. Because of this, this method is the most trustworthy.
Finding the ideal balance between various security measures depends on multiple factors, including the company’s needs and the return on security investment (ROSI) of each step.
Time, staff, raw materials, and, most importantly, money are all resources that you must use to keep operations running smoothly. It is necessary to undertake a thorough threat analysis and possible effect analysis to precisely estimate the needs for e-vaulting security and operation continuity (impact analysis).
Managing the risks associated with outsourcing e-vaulting
It is becoming more necessary for businesses to manage their relationships with Technology Service Providers (TSPs) as they outsource more and more of their mission-critical applications, business processes, and transactions.
A firm may trust TSP with its digital assets (customer and company data) while outsourcing data backup. There are concerns about the security and privacy of information.
For example, you can share customers’ private information with an outside entity. The TSP is in charge of creating a secure environment and overseeing data movement for the customer under these agreements.
Organizations should force outsourcing companies to sign nondisclosure and confidentiality agreements to alleviate some security risks. In addition, just like with any other kind of outsourcing, it is necessary to keep an eye on the ties formed.
It may be helpful for a company to ensure that essential performance needs, hazards, and service level agreement (SLA) requirements have been handled before signing an outsourcing contract.
Outsourcing technology services has several operational and financial risks, which may be measured, monitored, and controlled via service level agreements (SLAs).