Tag Archive for: fintech

Protect Fintech With 5 Functions of Veeam Backup

As a pandemic COVID-19 spread to almost all over the world, the demand for digital channels for payment, credit, business, and general cybersecurity, has accelerated. This can’t be said with no reason, of course, but technology has played a key role to grant loans and monitor the financial health of many individuals and SMEs. Therefore, it is not a surprise anymore to see if financial technology (fintech) and credit analytics will be crucial drivers of change in the future.

However, as a massive digital transaction has been made by users, it places Fintech as a vulnerable industry to be attacked by all kinds of cyber threats, including ransomware. It can be said as Fintech has personal or commercial financial and superannuation information. So, if the organization doesn’t have any proper protection or security system, ransomware may infect fintech IT systems as long as there’s a vulnerable gap in its IT system.

Implementing Veeam Backup can be the solution to protect Fintech data. Veeam prides itself on being in the front lines, fighting the good fight against ransomware, and protecting important data kept by the fintech. It offers transparent and actionable strategies on how to educating employees, rotating backup copies across several locations, and leveraging cloud options for making backups practically immutable.

Besides that, Veeam also has five functions that can protect fintech from a ransomware attack. Read those below here:

Protecting backup data from attack

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Air-gapped or “immutable” backups offer a powerful technique for being resilient against ransomware and other threats. Enabling a replica of its backup, stored out of reach from cyber attacks, utilizing controls that ensure deletions or changes cannot happen without strict multi-level approvals.

Veeam’s Scale-out Backup Repository (SOBR), partnered with Capacity Tier (also known as Cloud Tier), enables an easy-to-use capability that writes backup data into object storage on any platform that supports it. So, it will protect fintech data.

Detecting ransomware

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Detecting ransomware attacks in their initial stages can be difficult. That’s why Veeam provides the ability to closely monitor and protect fintech IT environment and be aware of any suspicious or abnormal activity.

By analyzing CPU usage, datastore write rate and