The financial services industry has always been heavily regulated, and given the global financial crisis, mandates surrounding records management are certain to multiply. Just a few of the regulations and initiatives related to the preservation, retention, and production of authentic records include Sarbanes-Oxley, SEC 17a-4, and the Federal Rules of Civil Procedure eDiscovery Rules Amendment. Financial institutions rely heavily on enterprise content management (ECM) systems to manage audit trails and other compliance requirements. If records and their audit trails are lost or corrupted, and cannot be recovered back to their original state, the compliance risk incurred is steep. Ramifications can include significant fines, loss of shareholder value, and in extreme cases, jail time for executives.
Furthermore, financial institutions that maintain offices and operations worldwide typically require that accurate information be accessible 24x7 to accommodate staff in all time zones. The critical data subject to these requirements includes customer account information, loan applications, IRS filings, and contracts that are often stored in ECM systems. In order to ensure business continuity, it’s imperative that this information be fully protected against all forms of loss and corruption.
CYA SmartRecovery gives ECM system users confidence in the integrity and recoverability of their information assets by performing hot, synchronized backups that preserve the relationships between content and its associated metadata (audit trails, digital signatures, workflows, etc.). It safeguards organizations against information loss and corruption caused by logical failures, enabling one, several, or thousands of objects to be restored back into the repository in their original state without taking applications offline. Furthermore, it complements existing backup solutions by enabling companies to meet or exceed recovery time objectives (RTOs), and achieve recovery point objectives (RPOs) of 15 minutes.
“There are many popular solutions in use today such as CDP that enable companies to perform hot backups of ECM system information. What many people don’t realize, however, is that they’re not suitable for addressing logical failures because they don’t back up content and metadata in a synchronized fashion, which results in corruptions,” said Wayne Crandall, president of CYA Technologies. “Using CYA SmartRecovery in conjunction with these other backup solutions is the only surefire way to ensure complete protection against all forms of ECM information loss while maximizing application uptime.”
To learn more about CYA SmartRecovery, visit www.cya.com or call +1.203.513.3111 x501.
About CYA Technologies, an enChoice® company
CYA Technologies provides the only end-to-end portfolio of solutions that optimize enterprise content management (ECM) application efficiency, facilitate compliance, and insure companies against the risks of ECM information loss. CYA solutions support ECM systems including EMC Documentum and IBM FileNet P8, and protect thousands of repositories at more than 275 global organizations including British Petroleum, DuPont, Gruenthal, McKinsey & Company, Schering-Plough, Standard & Poor's, and the U.S. Army.