FEATURE : RANSOMWARE
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 .”
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 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 .
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 .
“ 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 .
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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