Compliance and Global Business Requirements Drive Financial Services Industry to Solutions Ensuring Granular Recovery
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SHELTON, CT, Mar 24 (MARKET WIRE) --
CYA Technologies, an enChoice(R) company, today announced that leading
financial institutions including Banco de Espana, Caja Madrid,
PricewaterhouseCoopers, and Visa International are adopting CYA
SmartRecovery(TM) in growing numbers as proliferating compliance mandates
and global business requirements demand that accurate information be
available 24x7.
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(R) 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.
Contact:
Lauren LaFronz
CYA Technologies
+1.203.513.3111 x 531
Email Contact
Copyright 2009, Market Wire, All rights reserved.
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