The rise of ransomware has become a crisis that has crippled organizations worldwide. New strains of ransomware and other malware threats specifically target backup data for encryption or deletion, effectively destroying organizations’ last line of defense. With more employees transitioning to working remotely, exposure to ransomware and the risk of infection are increasing at an alarming rate.
Ransomware is a form of malware that encrypts victims’ data so threat actors can demand a “ransom” in exchange for a decryption key needed to unlock your data
Even if the ransom is paid, there is no guarantee that the attacker will provide you with the decryption key. Some companies refuse to pay, relying on backup data to recover. The damage can be catastrophic: 93% of companies that lost their data for 10 days or more filed for bankruptcy within one year of the disaster, and 50% filed for bankruptcy immediately.1
1 National Archives & Records Administration
