Insights from Abacus Group

The Importance of a Business Continuity Plan

Abacus Group - Dec 4, 2019

The following article was written by Matthew Hilsenrad, Director of Disaster Recovery at Abacus Group, and originally appeared on Markets Media.

It’s becoming a faded memory, but only seven years ago the financial capital of the world – New York City – was nearly brought to its knees by Mother Nature. Hurricane Sandy flooded the NYC subways and tunnels, blacking out most of Lower Manhattan. The New York Stock Exchange and NASDAQ were closed for two days. The storm cost New York State a staggering $32billion, New York City $19 billion and the U.S. economy an estimated $65 billion.

Topics: Markets Media- Disaster Recovery- Business Continuity

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How to prepare for the new California Consumer Privacy Act (CCPA)

Abacus Group - Dec 3, 2019

By John Carbo, Director of Information Security at Abacus Group

The California Consumer Privacy Act (CCPA) goes into effect on January 1, 2020.  The purpose of the CCPA is to extend protections for the personal data of California residents and imposes new requirements for businesses that process personal data.  The focus of the CCPA is on disclosures for the collection and “sale” of personal information. 

Topics: data privacy- CCPA

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Disaster Recovery Lessons Learned: The Seventh Anniversary of Hurricane Sandy

Abacus Group - Nov 19, 2019

The following article was written by Matthew Hilsenrad, Director of Disaster Recovery at Abacus Group, and originally appeared on Disaster Recovery Journal.

During Hurricane Sandy in 2012 the New York Stock Exchange and NASDAQ were closed for two days and the super storm ended up costing New York State a staggering $32 billion, New York City $19 billion and the U.S. economy an estimated $65 billion.

Seven years later, it’s fair to ask what has Hurricane Sandy taught us?

Topics: Disaster Recovery- Business Continuity

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The Risks Associated with Jumping on the Public Cloud Bandwagon

Abacus Group - Nov 8, 2019

The following article was written by Paul Ponzeka, CTO at Abacus Group, and originally appeared on VMblog.

As the public cloud continues to evolve, we are seeing software vendors that are struggling to keep up with the rapid pace and adoption that the public cloud introduces.  We are poised to see an influx of customers who are going to accelerate their migration to cloud services, not because they are ready for it, but because they are being forced to by their vendors, and that's leaving them vulnerable not only from a client experience standpoint, but from a risk and cybersecurity standpoint.

Topics: cybersecurity- public cloud

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Biggest Cybersecurity Risks for Financial Firms

Abacus Group - Oct 29, 2019

The following article was written by John Carbo, Director of Information Security at Abacus Group, and originally appeared on Security Magazine.

October marks Cybersecurity Awareness month, and with seventy percent of financial companies having suffered a cybersecurity incident in the past 12 months, according to a recent report by Carbon Black, it’s crucial for firms to not only know their biggest cyber risks but how to prevent them. This article will talk about the biggest risks facing financial firms and best practices for prevention.

Topics: cybersecurity

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Why the Millennial Generation is Helping Push Financial Firms into the Cloud

Abacus Group - Sep 23, 2019

The following article was written by Paul Ponzeka, CTO at Abacus Group, and originally appeared on Global Banking & Finance.

As financial firms contemplate whether public cloud systems are the right move for themselves and their business, there is a growing population that is forcing these businesses to make the decision sooner — their staff. Millennials, now the largest generation in the U.S. workforce, are pushing their employers into the cloud.

Why? Well, for several reasons.

Topics: cybersecurity

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