Cyber-recovery as a service: The future of disaster recovery

In the digital age, businesses rely heavily on their IT infrastructure to operate and thrive. However, as we become more dependent on technology, we also become more vulnerable to cyberattacks. Cyberattacks can result in data loss, system downtime, and financial losses. Cybersecurity Ventures predicts that global cyber crime damage costs will grow by 15 percent per year over the next three years, reaching $10.5 trillion USD annually by 2025, up from $3 trillion USD in 2015. When it comes to recovering from the repercussions of cyberattacks, cyber-recovery as a service (CRaaS) is becoming an increasingly popular solution for businesses of all sizes. In this article, we will explore the benefits of CRaaS and how it can help organizations to have a plan in place to recover from unforeseen incidents.

What is CRaaS?

CRaaS is a cloud-based service that provides businesses with the ability to recover their data and systems after a cyberattack. It is a comprehensive solution that combines backup, recovery, and restoration capabilities with advanced security features to ensure businesses can quickly and efficiently recover from a cyberattack.

Why is CRaaS important?

A cyberattack can result in the loss of critical data, which can be detrimental to a business' operations. For example, a retailer that loses customer data may have to compensate their customers and could lose business due to a loss of trust. A manufacturer that loses their production data could experience significant downtime and face financial losses. In many cases, a cyberattack can also result in the inability to operate at all until the situation is resolved, which can be catastrophic for businesses that rely heavily on their IT systems.

CRaaS provides businesses with a reliable and secure solution for recovering from a cyberattack. The service ensures that businesses can recover quickly and efficiently, minimising downtime and financial losses. Additionally, it provides a level of security that is not available with traditional backup solutions.

How does CRaaS work?

CRaaS works by creating backups of a business's critical data and IT systems in a secure cloud environment. This allows businesses to recover their data and systems quickly in the event of a cyberattack. The backup process is continuous, meaning that the data is updated in real time, ensuring that the latest version is always available for recovery.

In addition to backup and recovery capabilities, CRaaS also includes security features that protect the backup data from cyber threats. These security features include advanced encryption, multi-factor authentication, and threat detection and response capabilities. These features ensure that the backup data is secure and protected from cyber threats.

Benefits of CRaaS

• CRaaS enables businesses to recover quickly from a cyberattack, minimizing downtime and financial losses.
• CRaaS is a cost-effective solution as it eliminates the need for businesses to invest in expensive backup hardware and software.
• CRaaS is a scalable solution that can grow with a business' needs. It allows businesses to add new systems and data to the backup environment as required.
• CRaaS provides a high level of security to the backup data, ensuring that it is protected from cyber threats.
• CRaaS ensures that businesses are compliant with regulatory requirements for data protection and disaster recovery.
• CRaaS provides peace of mind to businesses, knowing that their critical data and systems are secure and protected.

Challenges of CRaaS

While CRaaS provides numerous benefits, there are also some challenges associated with the service. These challenges include:

• CRaaS can be complex, requiring specialized knowledge and expertise to implement and manage.
• The backup process can consume a significant amount of bandwidth, which may impact the performance of other business-critical applications.
• While CRaaS is cost-effective compared to traditional backup solutions, it can still be expensive, particularly for businesses with large data volumes.
• CRaaS relies on cloud technology, which means that businesses are dependent on their cloud service provider's infrastructure and security measures.

Conclusion

In conclusion, cyber-recovery as a service is an important solution that businesses can use to recover from cyberattacks. The service provides rapid recovery, scalability, cost-effectiveness, security, and compliance with regulatory requirements. However, implementing and managing CRaaS can be complex and costly, and the backup process may consume a significant amount of bandwidth. Despite these challenges, CRaaS provides peace of mind to businesses, letting them know that their critical data and systems are secure and protected.

The article has been written by Thamizh Poonkuil Mozhi, Product Consultant, ManageEngine