The Rising Cost of Ransomware Damage

Newsroom
July 13, 2021
Ransomware is estimated to cost $20 billion in 2021. The full costs of a cyberattack cannot be measured by ransom payments alone – companies experience financial losses through unplanned downtime, missed orders, damaged reputations, and loss of productivity.

 

Traditional business resilience and disaster recovery planning provide the foundation to restore business operations during declared disasters but can fall short during a cyberattack. Hackers are increasingly attacking both production and backup data, which can corrupt the very backups your business needs in an emergency. Cyber Recovery planning and solutions look to close the capability gaps in traditional DR scenarios by protecting the most critical data and workloads in an air-gapped vault that offers an additional layer of protection against cybercriminals.

 

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