Attackers aim to prevent banks, insurance companies, and financial service providers from recovering their data. Immutable backups using WORM and fingerprint technology reliably protect sensitive financial data from tampering and ransomware.
Manage data securely, minimize risks
Financial institutions must navigate regulations and cyber threats
Overcoming Challenges in Finance
Securely store sensitive data and protect it from cyberattacks
Financial institutions face growing challenges due to increasing data volumes, strict regulations, and cyber risks. Handling sensitive data securely is critical for compliance, trust, and smooth operations.
The Biggest Challenges in Finance
Financial institutions today face a multitude of complex tasks: They must reliably protect sensitive customer data—such as bank statements, insurance policies, and tax documents—while also complying with all legal requirements, including the GDPR, BaFin, and MaRisk.
Added to this is the growing threat of cyberattacks, particularly ransomware, which specifically targets backups and critical financial data. At the same time, daily transactions, emails, reports, and policies generate enormous volumes of data that must be archived in a way that ensures long-term availability and audit compliance—often with limited IT resources. Efficient, scalable, and easily integrable solutions are therefore essential to ensure security, compliance, and operational readiness.
Did you know?
- Sensitive customer data: Bank statements, insurance policies, tax documents, and health information are subject to strict data protection regulations.
- Regulatory requirements: GDPR, BaFin, MaRisk, and other legal requirements mandate audit-proof archiving and secure backups.
- Cyber threats: Ransomware and targeted attacks on financial data are on the rise and often target backups.
- Large volumes of data: Financial transactions, emails, reports, and policies generate large volumes of data every day.
- Limited IT resources: Many institutions need to implement solutions that leverage existing infrastructure and are easy to manage.
From ransomware protection to long-term archiving
Solutions for Finance
Backups and sensitive financial data must be archived in a way that is cyber-secure and audit-proof. Specialized solutions ensure compliance, tamper-proof storage, and long-term availability.
Protect Backups from Ransomware with Blocky for Veeam®
Ransomware targets backups. Blocky protects them with immutable WORM technology and enables secure recovery while ensuring full compliance.
Audit-proof archiving of files with FileLock
FileLock enables tamper-proof archiving in compliance with the GDPR, BaFin, and MaRisk. Easy to integrate and requires no special hardware.
Long-term archiving of large data volumes with XtreemStore
XtreemStore offers scalable, cost-effective storage, while MetadataHub ensures transparency and easy management.
Your questions - clearly answered
FAQ: Everything You Need to Know
Here you’ll find answers to the most frequently asked questions about our solutions, products, and applications - from security and archiving to data management.
Why are backups in the finance sector a prime target for ransomware?
How does Blocky for Veeam® protect financial data from cyberattacks?
Blocky protects backups with tamper-proof encryption, ensuring that data cannot be deleted or altered. This ensures that all backups remain intact in the event of an emergency and that compliance requirements set by BaFin, MaRisk, and the GDPR are met.
What data must be archived in an audit-proof manner?
All sensitive financial information, such as customer files, contracts, tax documents, bank statements, insurance policies, reports, and transaction data, must be archived in an audit-proof manner to comply with legal requirements.
Do I need new hardware for Blocky and FileLock?
No, all solutions run on existing Windobs infrastructure and standard servers. This allows institutions to save costs and make efficient use of their existing IT systems.
Are these solutions only suitable for banks and insurance companies?
No, other financial service providers and companies that handle sensitive data can also benefit from these solutions. These products can be used in any situation where data needs to be stored long-term in a way that is audit-proof and tamper-resistant.
How can I archive large amounts of data for the long term?
XtreemStore enables cost-effective data storage on magnetic tape. It can store billions of objects and many petabytes of data for the long term in compliance with legal requirements.
