Quantum confident over combating compliance
Quantum confident over combating compliance
Quantum has released a new tape cartridge which it claims can reduce the compliance worries and traumas that threaten to cost companies millions, even billions of dollars, and carry the possibility of harsh prison sentences too.
Quantum believes that the DLTIce provides customers using SDLT 600 with the first super drive that can use standard media for both traditional backup and archive, which is essential for businesses needing to comply with the data storage requirements of Australia's tough new financial service reporting standards.
Charlene Murphy, vice president of marketing for Quantum's Storage Devices Business Unit, outlined how the cartridge will solve many of the compliance problems facing companies today:
"Many businesses are looking for integrity protection over data that has to be held legally for a certain amount of time. They need a non-rewritable, non-erasable and non-alterable system that is accessible and can reproduce accurate and complete copies in both a human readable and electronic form. Inside this, they also need an audit trail that can track all events that may delete, migrate, modify or alter the record.
"The DLTIce provides plenty of flexibility to meet these needs. It can be activated as a WORM device for emails that need to be kept in storage for 30 days under law. This means that they cannot be written over. In addition, after that period, the cartridge can then be degaussed, and used again as a virgin tape. This is a unique function that nobody else in the market is offering.
"In addition, whilst the cartridge is kept in storage a WORM device, the IT manager can audit the tape during that 30 day period. If the tape has been tampered with, a pop-window will alert the IT manager of this. If it has not been tampered with, a window will inform the manager that the tape is exactly how it was when it was first stored.
"This is vital in the world of compliance, where companies could face huge punishments if they fail to report information about tampered data. This tape creates more transparency for companies to safeguard them against the risk of falling short of compliance requirements."
Research by Quantum has revealed that regulatory compliance is expected to accelerate storage spending. It predicts that storage requirements for electronic records could reach US$6 billion worldwide by 2007.
Gartner estimates that large and midsize organizations will spend US$2 billion through 2005 to become Sarbanes-Oxley compliant.
Research carried out specifically in Australia has revealed that 66% of companies surveyed believe that compliance is important, but only 37% are confident that they are already compliant. 95% think that data archive is important to business and 48% are going to spend even more on compliance.
Murphy added that the benefit of the DLTIce cartridge is that it is easy to use, immediate and does not need any new resources to operate.
Prominent ISVs including Arkeia Corporation, CommVault Systems, Computer Associates, Legato, Novastor, Yosemite and Veritas have all committed support to DLTIce, to provide customers with the WORM capability best suited for compliance.
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