Do I really need outside help in managing my data backup and recovery?
Imagine you are a large company providing end-to-end operational servicing for credit cards and installment loans to millions of accounts across multiple states. Suddenly you encounter a ransomware attack with bad actors hijacking your consumer customer data and requesting a large ransom to decrypt the locked files. If you don’t pay up, they threaten to leak your sensitive customer information on social media or the dark web. The unexpected ransomware attack can easily bring your business to a standstill, threatening your reputation and revenue.
Especially with today’s relentless threat of cyberattacks, is your organization still hesitant to make data backup and recovery a high priority? Are you thinking, “A ransomware attack could never happen to me?” Do you perceive the setup and day-to-day management of data backups as being too time consuming? This is no time to be reactive in waiting for a disaster to occur. Rather you need to prepare now to protect your data before a business disruption brings your company to a screeching halt.
Consider these eye-opening numbers:
- The Ponemon Institute’s Cost of a Data Breach Report 2021 puts the average cost of a data breach at $4.24 million, with healthcare being the most costly industry ($9.23 million). The average time taken to identify and contain a data breach is a whopping 287 days.
- According to Datto: “An hour of downtime costs $8,000 for a small company, $74,000 for a medium company and $700,000 for a large enterprise.” For large enterprises, this equates to around $11,600 per minute.
Safeguarding organizational data is a 24/7/365 job. Partnering with a trusted managed service provider with centralized data backup and disaster recovery can take the burden off your in-house IT staff. A team of experts proactively safeguards your organization’s critical data in a secure, cloud data center disconnected from the network. In the event of a crippling data breach or disaster, they can restore specific virtual machines or an entire IT environment in minutes or hours, depending on predetermined Recovery Point Objectives and Recovery Time Objectives.
Choosing the right data backup partner
What key capabilities should you look for when choosing a reliable data backup and recovery partner? Here are six essential ingredients Magna5 offers customers to enable them to bounce back quickly when disaster strikes.
- Core infrastructure protection – We store protected data on tape, disk or cloud, including integrated deduplication and encryption support, with all basic backup and recovery capabilities. Centralized monitoring with full visibility into an organization’s backup environment allows Magna5 to make certain backups are completed successfully to meet organizational recovery goals.
- Replication and hardware snapshot management – We replicate copies of live data in secondary locations and integrate with storage arrays to perform snapshots and backup operations from those snapshots.
- Data protection for all workloads – We support all file systems, enterprise applications, workstations, virtual platforms and documents, including Oracle, Exchange, VMware, Hyper-V, SAP, SharePoint, Microsoft Active Directory, SQL Server and more.
- User-specific workloads – We protect and intelligently archive user data stored in Office 365 and Google mailboxes both on-premises and in the cloud, as well as other user-based repositories such as OneDrive, SharePoint and Google Drive.
- Workstation backup – We protect both documents and workstations. For document-only backup, we backup documents and files under 50 MB twice per day and retain them for 28 days. For workstation backup, we backup the entire machine, including larger files and different extensions. Additional storage is billed per terabyte. We can backup up to 9,000 files per second.
- Multiple deployment options – We can customize deployment methods to meet specific customer needs. Data backups can be stored locally on fully managed data protection appliances while also replicating the data offsite to Magna5’s secure and energy-efficient data centers. Offices with smaller data footprints can send data directly offsite from their systems.