A recent WEI study says that 64% of IT leaders cite improved data security for their organization as their top objective over the next 12 months. And for good reason. As technology continues to evolve, it’s not a matter of if an enterprise will have a ransomware attack but when it will happen. With technological advances, it’s not just enterprises that benefit — cyber criminals do as well.
What is your enterprise’s cybersecurity process when it comes to ransomware preparedness? As a heavily relied upon technology leader, this is a critical question to ask yourself. Remember, there are two types of companies – those that have been hit with ransomware and those that eventually will be. According to numbers recently published by Cybersecurity Ventures, a ransomware attack occurs every 11 seconds. On average, each incident costs an astounding $700,000 in damages.
There used to be a single test to determine the effectiveness of your data backup strategy. It centered around successfully restoring your data from a backup, and you would rest easy knowing that you would, in theory, recover from a data loss event. It was really that simple. Still, there were some security concerns as you did not want just anyone accessing the backups who might accidently (or inadvertently) delete them. There was also the threat of confiscating a backup tape containing sensitive or valuable data by an imposter. For the most part, the data backup system was out of sight and out of mind for everyone other than the backup administrator.