Ransomware on the rise, companies prioritizing disaster recovery

The rampant rise of ransomware persists, with 100% of respondents – who include ITOps, backup, disaster recovery and storage admins, application and workload owners in the U.S. – reporting that their company experienced a ransomware attack in the last 12 months, Datrium reveals. With the evermore heightened threat of ransomware during the COVID-19 pandemic, companies…

Leveraging automation to maximize security budgets

With the economic impact of COVID-19 increasingly looking like an imminent recession and the way we do work altered perhaps forever, CIOs and CISOs will most likely be managing reduced budgets and a vastly different threat landscape. With the average cost of a breach continuing to skyrocket, the already slim margin for error will shrink…

Helping healthcare combat cyber attackers

Hospitals and other healthcare organizations around the globe are under immense pressure as they test and care for patients with COVID-19. They are also under siege by cyber attackers. This month, Interpol released a warning to hospitals and other medical organizations saying they are seeing increasing targeted ransomware attacks aimed at these entities. While cybersecurity…

Despite spending more on compliance, businesses still have basic IT weaknesses

There is a misalignment between data privacy regulation spending and business outcomes, according to Tanium research. Specifically, as businesses spend tens of millions on compliance, over 90 percent have fundamental IT weaknesses that leave them vulnerable and potentially non-compliant. The global study of 750 IT decision makers revealed that organizations have spent on average $70.3…

Cloud adoption has grown at an astonishing rate, providing organizations with the freedom to store data in numerous cloud applications that meet their specific business demands. Additionally, migrating to the cloud gives employees the ability to access work material from anywhere and anytime. This increases productivity by allowing employees to collaborate remotely with applications like…

As non-essential businesses have been forced to shut their doors around the world, many companies that previously relied heavily on the brick-and-mortar side of the business are now leaning more on revenue from their digital platforms. By 2023, according to research performed by Statista, applications may generate nearly $935 billion in revenue. With increased reliance…

Ransomware is arguably the most significant cybercrime innovation in recent history. The ransomware business model is so effective that it is now the most common and devastating threat to organizations of all sizes. As a provider of cyber insurance, we have the misfortune of responding to ransomware attacks across tens of thousands of organizations, and…