Vertical Page for Finance Industry
Vertical Page: Backupify
This is more recent, and it’s a vertical page, intended to target an entire industry vertical. In this case, it’s targeting the finance industry for a SaaS backup program that will help to backup Office 365, Google G Suite, and Salesforce data.
SaaS Protection for Financial Products & Services
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Your contracts, spreadsheets, and presentations are stored in Office 365 and Google’s G Suite. Your client information is stored in Salesforce. You need access to all your data at a moment’s notice, and you need to make sure your data is protected and secure.
To protect your company’s critical information from user error, ransomware, or other malicious activity, you need a way to backup and recover your data quickly. Because your data is private, proprietary, or personal, you need a SaaS solution designed to safely secure your data from intrusion and unauthorized access.
Your Company Could Be Victimized By:
Data is essential
These days, finance changes at the speed of light. Every change produces data – information that must be properly input, catalogued, stored, and accessed. And in this era of consumer uncertainty, it’s more important than ever that financial services demonstrate a strong commitment to securing and safeguarding every scrap of data that they generate.
Office 365 and Google’s G Suite allow companies to collaborate and communicate all over the world in real-time. This allows client and product information to be pulled up in any boardroom or airport at any time. That immediate accessibility is what makes your company competitive in an atmosphere of instant everything.
More Access. More Risks.
Source: Okta’s 2016 “Businesses @ Work” Report
Most finance companies use Office 365 for their business productivity needs, with a few using G Suite or a combination of Office 365 and G Suite. Both platforms provide unparalleled collaboration and access to regional, national, and multi-national operations.
Unfortunately, the easier it is for you to access your data, the easier it is for a hacker to access it, or for an innocent employee or agent to corrupt it or damage it. The greater the access, the greater the risk to your company’s critical information.
Risk: Malicious Hacking
“The weakest link in the chain is where exposure happens,” said MasterCard CEO Ajay Banga. 47% of the data breaches in the financial industry target smaller firms, firms doing less than $1 billion of business each year. No financial company is too large or too small to be victimized by malicious hackers.
A Case from the News:
A recent attack on MongoDB took out 27,000 of their enterprise servers. More than 57,000 organizations were victimized and had their data encrypted or deleted in the attack, and they were paid more than $169,000 (more than 25 BTC). Norwegian developer Niall Merrigan reported that most of the data wasn’t exported correctly, so even companies that paid the ransom were unlikely to get their data back.
Google and Microsoft are not responsible for your data.
The GSuite Terms of Service expressly excuses them from any liability related to “unauthorised access to or alteration of your transmissions or data”. Microsoft’s Office 365 terms do not cover any damages “That result from your unauthorized action or lack of action when required, or from your employees, agents, contractors, or vendors, or anyone gaining access to our network by means of your passwords or equipment, or otherwise resulting from your failure to follow appropriate security practices”.
In laymen’s terms, Google and Microsoft aren’t going to cover you for damages to your data caused by hackers or ransomware.
Risk: Employee Error
User error is the most common cause of data loss. The UK’s Information Commissioner’s Office reports that 62% of data breaches are the result of human error. US companies stand to lose up to $277 per compromised record when data is breached or compromised.
Accidental deletion of data accounts for about 42% of all data loss in the US and the UK. Employees, contractors, and team members can easily delete or overwrite your sensitive data, even when there’s no malicious intent.
A Case from the News:
In August 2017, a Cisco engineer accidentally deleted client data like splash page themes, floor plans, logos, summary reports, and voicemail greetings. An engineer working for the Meraki servers accidentally implemented a new policy that deleted all user-uploaded information uploaded prior to August 3, 2017. Even a Cisco engineer can accidentally delete data.
Best Practices for Finance IT
Finance companies can hardly move offline. With SaaS and cloud-based storage options, most finance companies are distributing their data more widely than ever before, and protecting that data has never been more challenging.
A layered approach to protecting SaaS data is the best defense against threats like ransomware, accidental deletion, and human error:
Cloud to Cloud Backup: Essential Protection for Finance
Despite your best efforts to prevent data loss, accidents happen. The only way to reliably restore your critical data is to use a third-party backup tool like Backupify.
The best backup tools will make daily backups of all your SaaS data automatically. This makes it easier to keep an updated backup in the event of a data corruption or breach. With Backupify for Office 365, Microsoft Exchange, OneDrive, Sharepoint, Calendar, and Contacts are backed up 3X daily. Admins can simply set it and forget it.
While protecting your data, you also need to know that it’s secure. Backupify is SOC 2 Type II audited with TRUSTe certified privacy features. Data is encrypted while in transit and while in storage at both endpoints. Backupify offers monitoring tools, audit logs, uptime and availability SLAs, and the ability to export your data with a single click.
Backupify makes your SaaS data secure and easily recoverable.
Protect your business from:
Finance | Insurance | Financial Services
If your company values its data, your data needs Backupify
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