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    Commvault and Pure Storage Collaborate to Help Financial Institutions Meet Strict DORA Requirements

    Mars Posted on

    The cyber readiness solution helps organizations comply with evolving and stringent regulations.

    The cyber readiness solution helps organizations comply with evolving and stringent regulations.

    Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced a joint cybersecurity readiness solution with Pure Storage that can play a key role in helping organizations to comply with evolving and strict regulations.

    For example, the European Union’s (EU) Digital Operational Resilience Act (DORA), set to take effect in January 2025, introduces a comprehensive framework to ensure that financial entities, including global banks, are not only prepared for unforeseen events, but also able to recover quickly and efficiently.

    DORA requires organizations to report on their cyber resilience practices in a multitude of areas, including but not limited to: risk management And operational resilience testing. Together, Commvault’s exceptional data protection and cyber resiliency offerings and innovative Pure Storage platform help organizations meet aspects of these regulations with an integrated solution that facilitates compliance and protects customer data against to cyberattacks, bad actors, and growing ransomware threats. .

    Below risk management, DORA identifies several subcategories that financial entities should focus on as part of their customer data security strategy. These include protection and prevention, detection, response and recovery. The joint Commvault and Pure Storage solution addresses these categories as follows:

    • Protection – Commvault and Pure Storage solution is built on zero trust principles and includes advanced authentication, storage encryption and compliance locks to protect critical backup data. Additionally, the solution has multiple layers of software and hardware immutability, including Pure SafeMode snapshots and S3 object locking on the Pure Storage platform, for enhanced recovery and additional protection against cyber threats.
    • Detection – Commvault helps organizations easily detect and remediate risks, threats and unusual activities. With proactive risk analysis, AI-powered anomaly detection, and cyber deception technology that uses decoy devices to hunt down threats, Commvault delivers early warning so organizations can coordinate response and speed up clean data recovery.
    • Response and recovery – For the most critical systems (e.g. payments), one of the best ways to meet the strict recovery time targets required by regulation is to use storage-based snapshots. Commvault integrates with Pure Storage to enable rapid recovery of critical systems from Pure Storage Platform snapshots that leverage Pure SafeMode.

    Commvault also integrates with a broad range of industry-leading cybersecurity and threat intelligence solutions to enable better threat recognition and faster, more coordinated response and recovery.

    To respond to DORA’s problems operational resilience testing requirements, Commvault and Pure Storage provide the ability to continuously test cyber recovery in secure, isolated environments, so organizations can improve recovery processes and prepare for breaches or outages. Whether testing is performed on-demand in isolated tenants in the cloud via Commvault’s Cleanroom Recovery solution, or in isolated recovery environments with Commvault’s offerings and the Pure Storage platform, organizations can easily ensure rapid recovery and frictionless clean data in isolated environments with the necessary flexibility. to meet operational and data sovereignty requirements.

    Enabling organizations to improve their resilience not only applies to DORA, but also supports compliance with other cybersecurity and privacy regulations, such as the EU NIS2 Directive and Reserve Bank e-mandates of India (RBI) for recurring transactions.

    “Commvault and Pure Storage deliver a globally scalable solution for digital operational resilience,” said Alan Atkinson, Director of Partners at Commvault. “Whether organizations are trying to comply with DORA or the multitude of new regulatory compliance requirements, we combine exceptional detection, investigation and reporting capabilities with immutable, quickly recoverable snapshots in a comprehensive solution.

    “The financial sector is under constant threat of cyberattacks that can undermine economies and consumer confidence. At the same time, cyber regulations are putting strain on overburdened IT and security teams,” said Patrick Smith, Field CTO, EMEA, Pure Storage. “Through our partnership with Commvault, we provide financial institutions with essential tools that not only help them comply with regulations such as DORA, but also improve their cyber resilience to ensure company data remains secure, protected and, if necessary, recoverable. »

    Mars
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