Backing up SaaS app data gives financial companies greater control and helps them reduce risk, according to GRAX CEO, Joe Gaska, in Payments Journal.
Financial services companies are shifting to cloud-based SaaS applications, like Salesforce, to help run their businesses more efficiently. This also exposes organizations to compliance risk. In this article, Joe discusses how to mitigate risk and enhance control.
- SaaS app vendors are not responsible for keeping your data protected and compliant with industry regulations.
- Financial companies can retain the benefits of SaaS while remaining compliant with industry regulations by capturing and storing all historical SaaS app data in their own secure cloud-based storage, such as AWS or Azure.
- Data sprawl, where information is copied and altered in numerous locations without record, can be minimized by centralizing data in a secure, owned data lake.
Read more in this Payments Journal article, Ensuring Compliance with a Digital Chain of Custody.