10-07-20 | Blog Post
Below are just a few examples of how the COVID-19 pandemic has affected enterprises and “regular” people alike from a cybersecurity perspective:
The University of Utah recently experienced a ransomware attack resulting in a $450,000+ payment to the attacker, but the payment was not just for the key to decrypt files that were attacked. In a statement by the University, the moneys were paid primarily “to ensure [private] information was not released on the internet.” Cyber criminals threatening the release of private data in conjunction with illegally encrypting data is a serious evolution in ransomware attacks and hits at the very heart of compliance concerns.
With over 50% of organizations surveyed as not capable of surviving a disaster and 91% experiencing a tech-related business disruption, all business needs to consider methods to become more ransomware resilient. For its separation from local and local network-based assets, assure you have cloud backup and restore capability that also meets compliance requirements. Ransomware often targets resident backups and can also seek backups on shared network drives indicating that an automatic cloud-backup strategy, for device and network storage, can significantly reduce the potential impacts of ransomware. Other ransomware resilience considerations:
With ransomware costs estimated to approach nearly $1.5B in the US during 2020, it’s important for your business to implement the highest level of resilience possible against this evolving disaster. If you are looking for more help increasing your ransomware resilience, Otava can help. Our Veeam Availability Suite offers ransomware protection, powered by Veeam. Get seven-day backup protection that leverages Veeam Insider Protection, ensuring your data remains intact even if a malicious third party remotely wipes your backup data. Start with a free 30 day trial or contact us to learn more.
Looking to learn more about ransomware? Check out the articles below. Have more questions? Our team of experts is happy to help. Simply contact us or call 877-740-5028.
Video: Ransomware preparedness with Otava, Veeam and MSPs: Our panel covered many topics in a roundtable-style discussion, starting first by reviewing the main strains of ransomware prevalent in the industry today, and what they’re seeing in terms of risk mitigation.