In the digital age, data is the lifeblood of modern organizations. However, with the rise of ransomware, cyber-attacks, hardware failures, and natural disasters, protecting this vital asset has become more critical than ever. In this blog post, we delve into the urgency behind data resilience and why it has emerged as a top priority for IT leaders globally.
The Rising Stakes
In recent years, the cost of data breaches has soared to unprecedented levels. According to the 2023 Cost of a Data Breach Report by IBM Security, the average cost of a data breach reached a staggering USD 4.45 million. Furthermore, the time it takes for organizations to identify and contain a breach averages around 277 days, amplifying the financial and operational repercussions.
Regulatory Landscape
Governments worldwide are tightening regulations to ensure organizations bolster their data resilience measures. From the United States’ Cyber Incident Reporting for Critical Infrastructure Act (CIRCIA) to the European Union’s Digital Operational Resilience Act (DORA) and Network and Information Security directive (NIS2), non-compliance can result in significant financial penalties.
NIST Framework: A Blueprint for Resilience
Many organizations are turning to the National Institute of Standards and Technology (NIST) framework for guidance in building robust data resilience strategies. With its focus on risk management across five key areas – Identify, Protect, Detect, Respond, and Recover – the NIST framework provides a vendor-neutral roadmap to fortify data assets against evolving threats.
Partnering for Success
At the forefront of data resilience solutions is Jeskell Systems, an IBM Platinum Business Partner with a rich history of integrating and optimizing IBM Storage solutions. With over two decades of experience serving federal and commercial clients, Jeskell Systems combines expertise with cutting-edge technology to mitigate risks and minimize business impacts.
Data resilience is a necessity.
Data resilience is no longer an option but a necessity for organizations seeking to safeguard their most valuable asset in the face of escalating threats and regulations. By leveraging the NIST framework and partnering with trusted experts like Jeskell Systems, businesses can navigate the complex landscape of data protection with confidence.
Stay tuned for our next blog post, where we’ll explore how the NIST framework serves as a cornerstone for building data resilience strategies.