In today's digital world, businesses of all sizes are at risk of cyber-attacks. Cyber events such as ransomware can have a devastating impact on a business; causing financial losses, reputational damage, and legal consequences.
Cyber insurance can help to protect businesses from some of the financial losses associated with a cyber event. While requirements vary amongst cyber insurers, one of the most common pre-requisites to coverage is a robust backup and recovery system.
This is obvious, but there is more to the story. Threat actors have evolved, and are attempting to encrypt backups along with the rest of a business’s files. Their goal is to circumvent the backup process and force a payment. As threat actors alter their attacks, so too must businesses adjust their defenses, and insurance companies increase their security demands. This is where immutable backups can play a pivotal role in procuring cyber insurance, saving on premiums, and increasing the odds of a successful and swift recovery.
Immutable backups are a type of backup that cannot be deleted or modified. This makes them ideal for storing critical data, as it ensures that your data will be available even if your primary storage is lost or damaged.
MSP360 offers a cloud-based immutable backup solution that can help businesses to meet cyber insurance requirements. MSP360's immutable backups are stored in a secure location and cannot be deleted or modified. In addition, MSP360 offers a variety of features that can help businesses to protect their data, including:
- Advanced encryption
- Data deduplication
Further reading Immutable Backups Explained and How It Works in MSP360
MSP360's immutable backups can help businesses to meet cyber insurance requirements and protect their data from loss or damage. Here are some of the benefits of using MSP360 immutable backups:
- Compliance with regulations: MSP360 immutable backups can help businesses to comply with regulations such as GDPR and HIPAA.
- Reduced risk of data breaches: Immutable backups can help to reduce the risk of data breaches by making it difficult for attackers to delete or modify data.
- Improved data recovery times: Immutable backups can help to improve data recovery times by making it easy to restore lost or damaged data.
- Cost savings: Immutable backups can help businesses to save money by reducing the need for expensive hardware and software.
If you are looking for a way to meet cyber insurance requirements and protect your data, MSP360 immutable backups are a great option. Contact us today to learn more about our immutable backup solution.
How to get started with MSP360 immutable backups
To get started with MSP360 immutable backups, you can sign up for a free trial on our website. Once you have signed up, you can create a backup policy and select the data that you want to back up. MSP360 will then allow you to back up your data to a cloud storage provider compatible with Immutable or Object Lock storage. Storage vendors that are currently compatible natively integrated with this feature are AWS, Wasabi and Backblaze.
If you have any questions or need assistance, contact us at email@example.com.