FEATURE : RANSOMWARE
“ Recovering from cyber incidents is extremely difficult ,” said Bill Siegel , CEO and co-founder , Coveware by Veeam . “ Our goal is to minimise the cost of disruption by providing best-in-class incident response tools and services . The threat intelligence gathered from our incident response work also benefits our proactive large enterprise clients – 41 % of which are in the Fortune 500 – reduce their risk and increase their resiliency .”
CTO and co-founder of Coveware by Veeam , Alex Holdtman said : “ Working as part of Veeam brings the distribution of these capabilities to many more customers around the world , which is an incredibly exciting opportunity for our entire team .” because the backup did not include necessary system images for recovery .
“ In cases where the ransom was paid because the data backups were incomplete , 58 % of respondents said backup system failures contributed to the problem .
“ Veeam ’ s acquisition of Coveware can help organisations address these gaps . Coveware gives Veeam a more proactive stance toward cyber protection . Combining Veeam ’ s backup capabilities with Coveware ’ s encryption-defeating technology should yield faster time-to-detection and faster timeto-recover , minimizing the impact of an attack .
Veeam will also incorporate elements of Coveware technology into the Veeam Data Platform and through the Veeam Cyber Secure Program , which provides customers with cyber protection and support including pre , during and post-support of cyber incidents and a $ 5 million warranty .
“ Many organisations with data backups still decide to pay the ransom ,” said Phil Goodwin , Research Vice President , IDC . “ Our research shows this is often
A recent IDC survey found that 70 % of organisations reported they take days or weeks to recover from ransomware while the best-practice time-to-recovery is less than 24 hours .
“ Adding Coveware ’ s technology to Veeam Data Platform and Veeam Cyber Secure Program gives Veeam customers interesting new technology and a range of options for rapid malware detection and recovery ,” said Goodwin . p
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