Why is data archiving a balancing act?

Striking the right balance between data retention and deletion is a challenge for IT and compliance teams. While businesses need to keep data for audits and legal requirements, retaining it indefinitely leads to security risks and unnecessary costs. To complicate matters, collaboration platforms like Google and Microsoft don’t always align with business needs: Google, for example, permanently deletes most data after 30 days, which may not be enough for compliance purposes.

Keeping data forever is not the answer

Not retaining data for long enough creates problems. The same is true for the opposite end of the spectrum – keeping data indefinitely. “Forgotten data” not only accumulates storage costs, it also increases an organization’s security and compliance risk. For example, an organization found to be in breach of HIPAA faces penalties of up to $68,000 per violation per year as well as civil lawsuits and criminal charges. Therefore it is important that data can be purged upon request and after a defined period of time.

Beyond regulatory fines, excessive data storage also increases exposure to cyber threats. In 2023 alone, data breaches cost businesses an average of $4.45 million per incident. Holding onto unnecessary data creates more entry points for hackers and complicates compliance with laws like GDPR, which mandate data minimization.

Why should you archive your business data?

1. To comply with legal requirements

Ensuring that leavers’ data is stored securely and so that it can be searched and restored is not only best practice, it is also a regulatory requirement in many legislations. 

Laws and directives such as GDPR, HIPAA, and NIS2 mandate that organizations retain certain types of data for predefined periods. Beyond retention, businesses must also ensure data is secure, accessible, and tamper-proof. Failing to meet these requirements can result in hefty fines, reputational damage and even legal action. 

2. To preserve institutional knowledge

Employees come and go, but their digital footprint often holds valuable insights. It is important for the smooth running of your organization that emails and files are stored securely and can be accessed as needed, even after an employee has left the organisation.

3. To streamline legal and regulatory audits

Compliance doesn’t stop at retention. Organizations must also produce records quickly during audits or legal proceedings. Tools like CloudM Archive offer advanced search functionality which enables you to locate specific data sets without combing through mountains of information.

4. To ensure data security and integrity

With features like immutable storage and role-based access controls, archiving tools provide an added layer of security. This is critical for demonstrating that archived data has not been altered or tampered with—a requirement in many compliance scenarios.

5. To achieve cost efficiency

Storing inactive user data on primary platforms can be expensive. 3rd party tools can offer a cost-effective alternative, freeing up valuable resources whilst ensuring compliance needs are met.

How can CloudM Archive help secure your data and save costs?

With CloudM Archive, you can take control of your data: retaining it securely when needed and deleting it when it’s no longer required. Whether you need to reduce storage costs, ensure compliance, or quickly access archived records, CloudM Archive makes the process effortless and efficient.

CloudM Archive enables you to:

1. Reduce costs: CloudM Archive can help companies reduce costs by automatically removing or reassigning user licenses.
2. Automate retention policies: CloudM Archive can help companies automate retention policies based on selected organisational units (OUs) or create bespoke retention policies based on specific requirements.
3. Remain in control of your data: CloudM Archive can help companies host leavers’ archived data in their own storage, avoiding vendor lock-in.

Simplify compliance with CloudM Archive

Achieving compliance doesn’t have to be a daunting task. With CloudM Archive, organisations can strike the perfect balance between data retention, accessibility and cost-efficiency. Whether you’re preparing for an audit, navigating complex regulations or simply safeguarding your institutional knowledge, CloudM Archive ensures your data is “gone but not forgotten” while enabling you to delete it as and when required.

Data breaches are rising, costing businesses an average of $4.88M per incident. With a growing cybersecurity skills gap, IT teams are turning to automated solutions like CloudM Backup to stay ahead of threats.

A smarter way to safeguard your user data

One way to keep your data safe is by ensuring that you have a rigorous yet flexible backup process in place. Frequent backups enable you to restore lost or corrupt data and ensure that your teams can continue working. 

This is where CloudM Backup comes in. CloudM Backup ensures your business recovers quickly from data loss, minimizing downtime and disruption. Here are some of the key features that keep your emails, drive items and calendar data safe.

Quickly identify and remove gaps in your data protection setup

CloudM Backup’s modern, insightful dashboard gives you full visibility of the state of your backups and associated policies. See at a glance which users aren’t protected and swiftly amend your backup policies to ensure all vital business data is secured.

Image: Access the dashboard to identify which users are not covered by an existing backup policy.

Use notifications to stay up to date

Set up email notifications for any element of your backup process and get updates delivered straight into your inbox. This is particularly useful in situations where manual intervention may be needed, such as if a backup fails multiple times.

Image: Set up granular notifications so you know when your processes aren’t running smoothly.

Beyond backups: Advanced security features you can rely on

Backup has a host of further security features that may be less obvious but no less important than dashboards and notifications. These include: