5 reasons why you should consider BaaS for your business

5 reasons why you should consider BaaS for your business

Backend-as-a-Service is a cloud computing model that essentially provides any business with the opportunity to outsource key functions, such as data storage or hosting. Given the wealth of security issues that accompany these today - and the risks for every brand in selling online - BaaS provides the opportunity to help avoid financial penalties and protect customers with the best possible security support. BaaS makes a lot of sense for a lot of businesses today.

  1. Data security is vital. Most online businesses are filled to the brim with data and this makes them an enticing target for hackers, even small enterprises. Security breaches have increased by two thirds in recent years and can be incredibly costly, whether you’re looking at financial losses, fines and penalties for non-compliance or loss of reputation and customers.
  2. BaaS offers genuine security and up-to-the-minute advice. If you’re going to invest in an infrastructure designed to deliver data security, hosting etc then it’s worth doing this with a BaaS platform where you’re essentially hiring a team of experts. That means that you won’t just be working with a contractor who looks at one element of your business but a partner that has everything covered, from proactive monitoring to ensuring updates and fixes are quickly carried out so that they don’t leave you vulnerable.
  3. Removing the risk of storing consumer data yourself. One of the simplest ways to reduce the risks that come with handling consumer data is not to put yourself in charge of it. Most businesses today are dealing with the kind of data that is like a pot of gold to hackers. It’s vital to have effective defences in place to avoid losing it. The right BaaS partner will be able to store the data for you, according to genuinely best practice security protocols, and ensure that all effective security measures are being taken, including encryption. When you have a robust relationship with a BaaS partner they will be able to look at the very specific needs of your business and design a tailored security plan that is a great fit.
  4. Monitoring is worth its weight in gold. The reality is that hackers - and their toolkits - are constantly evolving and it isn’t enough just to put up defensive walls. Ongoing monitoring is something that comes with BaaS and which is a vital first line of defence for your business. Not only will a BaaS provider look out for any signs of malicious activity but also any gaps and vulnerabilities that might currently exist in your security.
  5. Regulatory compliance is a given. The GDPR - although several years old now - marked one of the biggest regulatory shake-ups in recent history and the dawn of a new era of data protection. Compliance is crucial for every organisation today, not just when it comes to avoiding legal consequences but establishing trust with consumers too.

BaaS is a great option for any business focused on security, compliance and getting a positive return on investments made in data.

More information on BaaS can be found here: https://servnetuk.com/backup-as-a-service-baas