Globally, regulations impacting a growing number of organizations emphasize operational resilience, requiring financial services companies, insurers, healthcare institutions, and ICT providers to maintain backups that are adequately protected to support business continuity and disaster recovery (BCDR).
The Financial Industry Regulatory Authority (FINRA Rule 4370), EU Digital Operational Resilience Act (DORA), UK Operational Resilience, and NYDFS Cybersecurity Regulation (23 NYCRR 500) all require backups of mission-critical data to enable organizations to recover from disruptive events and restore normal operations and services. The Health Insurance Portability and Accountability Act (HIPAA) has requirements to maintain retrievable exact copies of electronic protected health information (PHI). Some regulators are updating their requirements to include establishing Recovery Time Objectives (RTO) for their information assets.
An increasing number of regulations, including GDPR, HIPAA, DORA, and NYDFS now require testing the ability to restore and recover from a backup:
Own Recover provides easy-to-use restoration and precision repair of SaaS data and associated metadata, including Salesforce, ServiceNow, and Microsoft Dynamics 365.
Additionally, to empower organizations to continuously improve their data resilience maturity level, Own has consolidated decades of experience into Data Recovery Readiness & Response (DR3™) for SaaS. DR3 helps customers comply with these regulatory requirements with periodic workshops to practice and improve data recovery processes.
Compliance leaders are constantly challenged to keep up with an ever-growing list of geographic and industry regulations. While SEC 17a-4, HIPAA, require that data be retained for extended periods of time, other regulations like GDPR and CPRA require companies to do just the opposite.
With Own Archive, it’s easy to define, automate, and manage custom data retention policies that include specific data to be archived, how frequently data archiving activities occur, and how long archived data is retained under applicable regulations.
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Companies in highly-regulated industries, or those who are subject to evolving regulations, have strict audit and storage requirements and often need to produce accurate records of transactions in their backups.
Through Blockchain Verify, Own can help you meet compliance and regulatory objectives for electronic storage, record-keeping, and backup integrity of regulated records in your SaaS platform.
Regulations such as HIPAA and NYDFS require organizations to identify exactly where sensitive data exists in their SaaS environment and proactively protect and secure the data. Own Secure for Salesforce supports these requirements and others, enabling organizations to track risk and report compliance more easily. The experienced Security & Governance team at Own delivers specialized services for customers, including contextual business risk analysis specifically for SaaS data.
