Comprehensive study of data backup and recovery strategies for financial institution continuity

Posted: Oct 23, 2021

• Maria Carter
• Maria Harris
• Maria Nguyen

Abstract

The digital transformation of financial services has created unprecedented dependencies on data integrity and availability, making robust backup and recovery strategies critical for institutional survival. Traditional approaches to data protection in financial institutions have primarily relied on established methodologies such as periodic full backups, incremental updates, and geographically distributed storage. However, these conventional strategies are increasingly inadequate in the face of sophisticated cyber threats, regulatory complexities, and the emerging challenges posed by quantum computing capabilities. The financial sector's unique requirements for real-time transaction processing, regulatory compliance, and customer trust demand innovative solutions that transcend traditional backup paradigms. This research addresses the critical gap in current literature by proposing a novel framework that integrates quantum-resistant cryptographic principles with bio-inspired optimization algorithms. The conventional backup strategies employed by most financial institutions suffer from several fundamental limitations, including static recovery point objectives, vulnerability to emerging cryptographic threats, and inability to dynamically adapt to changing risk environments. Our approach represents a significant departure from established practices by introducing autonomous, adaptive systems capable of real-time threat assessment and response.