{"id":526521,"date":"2024-10-08T09:00:00","date_gmt":"2024-10-08T13:00:00","guid":{"rendered":"https:\/\/www.commvault.com\/?post_type=news&#038;p=526521"},"modified":"2024-10-07T11:05:23","modified_gmt":"2024-10-07T15:05:23","slug":"commvault-pure-storage-help-financial-institutions-meet-dora-requirements","status":"publish","type":"news","link":"https:\/\/www.commvault.com\/news\/commvault-pure-storage-help-financial-institutions-meet-dora-requirements","title":{"rendered":"Commvault and Pure Storage Collaborate to Help Financial Institutions Meet Stringent DORA Requirements"},"content":{"rendered":"\n<figure class=\"wp-block-table is-style-table-datasheet\"><table><thead><tr><th><strong>Media Contact:<\/strong><\/th><th><strong>Investor Relations Contact:<\/strong><\/th><\/tr><\/thead><tbody><tr><td>Kevin Komiega<br>Commvault<br>978-834-6898<br><a href=\"mailto:kkomiega@commvault.com\">kkomiega@commvault.com<\/a><\/td><td>Michael J. Melnyk, CFA<br>Commvault<br>646-522-6160<br><a href=\"mailto:mmelnyk@commvault.com\">mmelnyk@commvault.com<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"\"><strong>LONDON \u2013 COMMVAULT SHIFT \u2013 October 8, 2024 \u2013 <\/strong>Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced a joint cyber readiness solution with <a href=\"https:\/\/www.commvault.com\/supported-technologies\/pure-storage\" target=\"_blank\" rel=\"noreferrer noopener\">Pure Storage<\/a> that can play a key role in helping organizations comply with evolving and stringent regulations.<\/p>\n\n\n\n<p class=\"\">For example, the European Union\u2019s (EU) Digital Operational Resilience Act (DORA), slated to take effect in January 2025, introduces a comprehensive framework focused on ensuring financial entities, including global banks, are not only prepared for unplanned events, but capable of recovering swiftly and effectively.<\/p>\n\n\n\n<p class=\"\">DORA requires organizations to report on cyber resiliency practices across a host of areas including, but not limited to <strong>risk management<\/strong> and <strong>operational resilience testing<\/strong>. Together, Commvault&#8217;s exceptional data protection and cyber resilience offerings and the innovative Pure Storage Platform help organizations address aspects of these regulations with an integrated solution that assists with compliance and keeps customers\u2019 data secure in the face of cyber-attacks, bad actors, and rising ransomware threats.<\/p>\n\n\n\n<p class=\"\">Under <strong>risk management<\/strong>, DORA identifies several subcategories that financial entities should focus on as part of their strategy for securing customer data. Among them are protection and prevention, detection, and response and recovery. The joint Commvault and Pure Storage solution addresses these categories in the following ways:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"\"><strong>Protection <\/strong>\u2013 The Commvault and Pure Storage solution is built on zero-trust principles and includes advanced authentication, storage encryption, and compliance locks to safeguard critical backup data. In addition, the solution has multiple layers of software and hardware immutability, including Pure SafeMode\u2122 Snapshots and S3 Object Locking on the Pure Storage Platform, for enhanced recoverability and additional protection against cyber threats.<\/li>\n\n\n\n<li class=\"\"><strong>Detection <\/strong>\u2013 Commvault helps organizations easily detect and remediate risks, threats, and unusual activity. With proactive risk scanning, AI-assisted anomaly detection, and cyber deception technology that uses decoy devices to hunt threats, Commvault delivers early warning so organizations can coordinate response and accelerate recovery of clean data.<\/li>\n\n\n\n<li class=\"\"><strong>Response and Recovery <\/strong>\u2013 For the most critical systems (e.g., payments), one of the best ways to meet stringent recovery time objectives required by regulations is to use storage-based snapshots. Commvault integrates with Pure Storage to provide rapid recovery of mission critical systems from Pure Storage Platform snapshots that leverage Pure SafeMode.<\/li>\n<\/ul>\n\n\n\n<p class=\"\">Commvault also <a href=\"https:\/\/www.commvault.com\/security-partners\" target=\"_blank\" rel=\"noreferrer noopener\">integrates with a wide array of leading cybersecurity and threat intelligence solutions<\/a> to enable better threat recognition and faster, more coordinated response and recovery.<\/p>\n\n\n\n<p class=\"\">To address DORA\u2019s <strong>operational resilience testing <\/strong>requirements Commvault and Pure Storage deliver the ability to continuously test cyber recovery in secure, isolated environments, so organizations can enhance recovery processes and readiness for breaches or outages. Whether testing is conducted on-demand in cloud-isolated tenants via Commvault\u2019s Cleanroom Recovery solution or within isolated recovery environments with Commvault\u2019s offerings and the Pure Storage Platform, organizations can easily deliver rapid, frictionless recovery of clean data to isolated environments with the flexibility needed to meet operational and data sovereignty requirements.<\/p>\n\n\n\n<p class=\"\">Enabling organizations to advance resilience is not only applicable to DORA, but supports compliance under other cybersecurity and privacy regulations like the EU\u2019s NIS2 Directive and e-mandates from Reserve Bank of India (RBI) for recurring transactions.<\/p>\n\n\n\n<p class=\"\">\u201cCommvault and Pure Storage are delivering a globally scalable solution for digital operational resilience,\u201d said Alan Atkinson, Chief Partner Officer, Commvault. \u201cWhether organizations are trying to comply with DORA or the multitude of new regulatory compliance requirements, we combine exceptional detection, forensics, and reporting capabilities with immutable and rapidly recoverable snapshots in one comprehensive solution.\u201d<\/p>\n\n\n\n<p class=\"\">\u201cThe financial sector is under constant threat of cyberattacks that have the ability to undermine economies and consumer confidence. At the same time, cyber regulations are putting stretched IT and security teams to the test,\u201d said Patrick Smith, Field CTO, EMEA, Pure Storage. \u201cThrough our partnership with Commvault, we are giving financial institutions critical tools that not only help comply with regulations like DORA but advance their cyber resilience to help ensure enterprise data remains secure, protected, and if necessary, recoverable.\u201d<\/p>\n\n\n\n<p class=\"\">For more information about how Commvault and Pure Storage can help organizations ensure compliance, please visit the <a href=\"https:\/\/www.commvault.com\/supported-technologies\/pure-storage\" target=\"_blank\" rel=\"noreferrer noopener\">partner page<\/a>.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-more-details\">More Details<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"\">Learn how Cloud Rewind is a <a href=\"https:\/\/www.commvault.com\/news\/commvault-launches-cloud-rewind\" target=\"_blank\" rel=\"noreferrer noopener\">game-changer<\/a> in cyber resilience.<\/li>\n\n\n\n<li class=\"\">Read about how Commvault unlocks new levels of cyber resilience for <a href=\"https:\/\/www.commvault.com\/news\/commvault-enables-cyber-readiness-on-aws\" target=\"_blank\" rel=\"noreferrer noopener\">AWS customers<\/a>.<\/li>\n\n\n\n<li class=\"\">Find out more about Commvault\u2019s expanded support for <a href=\"https:\/\/www.commvault.com\/news\/commvault-expands-cloud-support-for-google-workspace\" target=\"_blank\" rel=\"noreferrer noopener\">Google Workspace<\/a>.<\/li>\n\n\n\n<li class=\"\">Hear about the latest in cloud-first cyber resilience at SHIFT. Click <a href=\"https:\/\/www.commvault.com\/shift\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a> to register for the must-attend virtual conference.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"\"><strong>About Commvault<\/strong><br>Commvault (NASDAQ: CVLT) is the gold standard in cyber resilience, helping more than 100,000 organizations keep data safe and businesses resilient and moving forward. Today, Commvault offers the only cyber resilience platform that combines the best data security and rapid recovery at enterprise scale across any workload, anywhere\u2014at the lowest TCO.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Joint solution delivers cyber resiliency, operational readiness, and rapid recovery capabilities to address growing regulations.<\/p>\n","protected":false},"author":164,"featured_media":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_custom_css":"","_custom_js_footer":"","_page_background_color":"","_remove_from_search":false,"_dark_mode":false,"_light_footer_mode":false,"_sidebar_form":{"id":"","name":"","cta":"","redirect":""},"_alert_notification_bar":{"show":true,"bg_color":"","content":"","call_to_action_label":"","call_to_action_link":""},"_footer_cta":{"show":false,"title":"","subtitle":"","cta_text":"","cta_link":"","background":{"id":0,"url":""}},"_cmv_customer_logo":{"id":0,"url":""},"_use_boilerplate":""},"class_list":{"0":"post-526521","1":"news","2":"type-news","3":"status-publish","5":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.0 (Yoast SEO v23.0) - 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