January, 2017—there will be enforceable guidelines from the Dept. of the U.S. Treasury—from the Office of the Comptroller of the Currency (OCC)—for recovery planning by insured national banks, federal savings associations, and federal branches of foreign banks. Due to recent large-scale events, such as destructive cyber attacks, financial services companies will now need to demonstrate how they plan to recover from these occurrences. At the same time, in Europe, the General Data Protection Regulation calls for “the ability to restore the availability and access to data in a timely manner in the event of a physical or technical incident.” Under these new enforceable guidelines, reporting the status of a company’s data recovery situation to upper management is required. However, without real-time recovery status, companies are left assuming and guessing about the status of their backups rather than knowing and having real-time assurance. So which are your customers aware? which are prepared?
Learn more on about the enforcement as well as how to meet the guidelines