Backup and recovery methods for financial institutions

What would your bank or credit union do if suddenly you lost access to all of your critical member and operational data? Could your business recover?

Sounds like a nightmare scenario, right?

Unfortunately, this daunting challenge happens more often than you might think; between natural disasters, fire, power failures, and even hackers and ransomware, losing access to your data is a real possibility.

In fact, one study found that more than 50 percent of those businesses surveyed experienced data loss as the result of not having access to backups. How can your financial institution be ready with its own robust backup and recovery plan?

 

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