Regulatory Compliance
Today’s regulatory environment has required companies re-evaluate their enterprise wide procedures, including backup and recovery strategies. The Sarbanes-Oxley act of 2002 makes c level executives, specifically responsible for the misrepresentation of corporate, operational or financial data. Without a sound backup and recovery strategy that provides the best possible means of maintaining the company’s data, and therefore the integrity of the data, the risk of non-compliance grows.
Data is a companies most irreplaceable and therefore most important asset. Networks and systems can be quickly replaced, however, without your companies financial records, customer details, product inventory, etc., the impact on your business could be substantial. According to the DTI 70% of companies go out of business after losing critical data.
Data is a companies most irreplaceable and therefore most important asset. Networks and systems can be quickly replaced, however, without your companies financial records, customer details, product inventory, etc., the impact on your business could be substantial. According to the DTI 70% of companies go out of business after losing critical data.
Compliance requires a disaster recovery strategy that outlines how an organization plans to deal with potential disasters. A disaster recovery strategy must include the precautions taken so that the effects of data loss will be minimized, so that the business will be able to resume business-critical functions ASAP.
If data is backed up at midnight and there is a system loss at noon, all data entered between midnight and noon will not be reflected within the records of the company. According to HP, an average of 80% of company data is stored on desktop PCs and laptops and is not backed up.
Sarbanes-Oxley Section 404 requires that companies establish a recovery strategy that protects and preserves their data from destruction, loss, unauthorized alteration, or other misuse. A company must be able to successfully demonstrate that they have done everything possible to both protect and to successfully recover the lost data. Not being able to recover data is actually being deemed as if "you're hiding something".
A regular backup policy is critical, however, it is equally as important that solid controls are established to ensure that the data is preserved via a secure enterprise recovery policy.
If data is backed up at midnight and there is a system loss at noon, all data entered between midnight and noon will not be reflected within the records of the company. According to HP, an average of 80% of company data is stored on desktop PCs and laptops and is not backed up.
Sarbanes-Oxley Section 404 requires that companies establish a recovery strategy that protects and preserves their data from destruction, loss, unauthorized alteration, or other misuse. A company must be able to successfully demonstrate that they have done everything possible to both protect and to successfully recover the lost data. Not being able to recover data is actually being deemed as if "you're hiding something".
A regular backup policy is critical, however, it is equally as important that solid controls are established to ensure that the data is preserved via a secure enterprise recovery policy.
