Future security and virtual server protection remain critical

According to the Acronis report on the Global Disaster Recovery Index (ACRONISGLOBALDISASTERRECOVERYINDEX2012), financial services have listed disaster recovery as a major item on its IT agenda due to the frequency of natural disasters over 2011 years. However, implementation, security, and virtual server protection remain the industry's biggest concerns. The Acronis survey visited nearly 6,000 small and medium-sized enterprises in 18 countries, and the results showed that in 2011, 60% of the global financial services institutions fully implemented business continuity plans. That is why the financial services industry has become the most confident in data backup and disaster recovery processing. On average, financial services are spending about 12% of their IT budgets on disaster recovery. If you look at stricter standards, you can still see the financial industry's shortcomings in virtual backup. About 1/5 (19%) of organizations say they do not back up virtual servers as frequently as backup entity servers. And more than half (55%) of financial institutions fail to regularly back up their virtual servers (weekly, monthly or even unscheduled). This is really shocking, especially when most organizations say that the value of the data they keep on the virtual server is the same as the value of the data they keep on the entity server. IT managers at financial services are also concerned about the security risks of backing up data to the cloud, with about 47% of respondents saying security is a key impediment to their use of cloud storage. At the same time, there is a lack of confidence in the cloud storage service providers and their main concerns about the lack of legal data protection. For these reasons, 45% of enterprises still make offsite backup of tape or disk before the end of their daily work and use it as their own offsite disaster recovery strategy. Financial industry users tend to consolidate the tools they use for disaster recovery, with 44% of IT managers saying they use only one solution. Such consolidation will help save costs, reduce risk, and increase efficiency. In fact, 77% of respondents said they needed a disaster recovery solution that could simultaneously target both physical, virtual, and cloud environments to improve their productivity. "IT managers at financial services say that for them, the biggest threat to the disaster recovery strategy comes from blind self-confidence." Since they have not encountered data loss before, they do not see it as a threat. "Although the industry's tactics may have been stuck on paper, it is likely to be mistake if it is not taken seriously," said Billtaylor-mountford, Acronis Asia Pacific President. ”