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New CUNA Tech Council paper addresses data backup
MADISON, Wis. (8/4/10)--As credit unions expand their reliance on software solutions and electronic documents, their data backup solutions must keep pace by providing a reliable, efficient means of storing and recovering essential information, says a new CUNA Technology Council white paper. Effective data backup supports the level of service members expect and the level of data security regulators require, according to “Backup Takes Front and Center: Capturing the Growing Tide of Data.” The paper examines:
* How data backup fits within the business impact analysis credit unions conduct as part of business continuity planning; * What factors must be considered in choosing the best solutions for backup and recovery of core processing data as well as information from other systems; * Whether and when to make the transition to disk from tape backup; and * How to adhere to best practices involving encryption, regular testing of backup systems, adequate bandwidth, and a data retention policy.
Representatives from credit unions, data backup solution providers, and core-processing companies share their perspectives in the white paper. Three case studies present examples of organizations that rely on tape backup, evolving disk backup solutions, and a blended approach. The bottom line: As credit unions invest in additional automated systems and migrate from paper documentation to electronic forms, their data storage, backup and restoration solutions must evolve as well, the paper said. For more information, use the link.
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