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All issuesVolume 305, Issue 1IT Vendor NewsVeeam

6-Step Ransomware Response Plan

Veeam News, Wednesday, August 2,2023

Ransomware is malicious software that encrypts files, preventing users from accessing or using computer systems. Usually accompanied by a ransom demand, a ransomware attack cripples infected computers, servers and files.

Attacks are common - the Veeam 2023 Global Report on Ransomware Trends revealed that in the preceding 12 months, 85% of organizations experienced at least one cyberattack. While 80% paid the ransom, only 75% regained access to their data and, on average, only recovered 66% of their data. Hackers specifically targeted backup repositories 75% of the time.

On the other hand, 16% of organizations attacked recovered their data without paying a ransom. These organizations had clean, immutable and reliable backups and an integrated ransomware response strategy that worked as intended. The takeaway is that it is possible to recover from a ransomware attack if you have a robust plan to handle ransomware attacks.

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