According to a new report, companies are handling 10 times more data today than they were five years ago, and the cost of losing that data can be devastating. The report indicates that the average cost of data loss neared $1 million in the last 12 months.
The report comes from a survey of 1,000 IT decision makers from organizations around the world. The survey found that 64% of IT personnel are concerned their existing data protection measures may not be sufficient to cope with malware and ransomware threats. Additionally, 72% agree they have increased exposure to data loss from cyber threats with the growth of employees working from home. As a result, 64% are concerned they will experience a disruptive event in the next 12 months.
In light of the growing risks, organizations want assurances that their data can be recovered in the event of a cyber attack. However, according to the recent report, 56% of IT decision makers lack confidence that all of their business-critical data can be recovered after a destructive cyberattack or data loss.
When companies invest in a SaaS backup solution, they want to be confident their data will be secure. For that reason, Backupify provides enterprise-class security that companies can trust. Our Microsoft 365 backup and Google Workspace backup solutions protect organizations from data loss due to cyber attacks and human error. Here’s how we prioritize security to keep your data safe.
Datto’s private cloud is purpose-built for backup with geo redundant storage and data encryption in transit and at rest to ensure business critical data is safe. Our SaaS backup utilizes 256-bit encryption to protect your data. Backupify generates a unique AES 256-bit encryption key for every newly created Microsoft 365 or Google Workspace account to ensure all data is encrypted prior to storage. Additionally, all authenticated user interactions and data transmissions from Microsoft 365 or Google Workspace are processed through TLS 1.2 encrypted tunnels.
Backupify also uses OAuth-based authentication which allows applications to access data in other applications without sharing user passwords. This allows Backupify to securely authenticate customer accounts without the need for customer credentials. This ensures no one outside of your company can access user accounts.
Backupify undergoes a SOC 2 Type II compliance audit each year to ensure our customer’s data is secure. SOC 2 Type II audits examine how a company safeguards customer data and how well those controls are operating. It includes an independent audit of a company’s backup and recovery systems and a full assessment of a company’s infrastructure, software, staff, procedures, security controls, and data.
Backupify is also committed to complying with the federal HIPAA law aimed at protecting sensitive patient health information from being disclosed without the patient’s consent or knowledge. To this end, Backupify has been HIPAA compliant since 2014. All of our data is stored in co-location facilities compliant with HIPAA.