SOURCE: Druva

Druva

June 28, 2017 11:00 ET

Druva Releases Annual Enterprise Ransomware Report

Ransomware Attacks are on the Rise; Half of Businesses Infected Once Will Be Hit Again; 82 Percent of Companies Attacked Turn to Backup to Recover; 33 Percent of Ransomware Attacks Target Servers

SUNNYVALE, CA--(Marketwired - Jun 28, 2017) -  Druva, the leader in cloud data protection and information management, today announced the results of its Annual Ransomware Report. The report reveals ransomware as the great equalizer, a ubiquitous global threat affecting enterprises large and small and devices of all types. With over 800 companies participating, the report uncovered that over 80 percent of respondents reported ransomware attacks are on the rise and that half of businesses hit by ransomware were attacked multiple times. To combat the increase in these attacks, eight out of ten organizations turn to modern backup solutions as the most effective strategy to minimize costly downtime and crucial data loss. 

Ransomware has quadrupled over the past year, reaching an estimated $1 billion in 2016 with 4,000 attacks occurring per day.1 As further proven by the recent, widespread attack known as WannaCry, protecting against ransomware is paramount for companies of all sizes and industries. With an increased technological sophistication among attackers, today's IT organizations are becoming more vigilant and proactive to mitigate data damage caused by attacks and fully prepare to swiftly and seamlessly recover from them.

"It's no longer a question of if an organization will be the victim of a ransomware attack, but when. Druva's Annual Ransomware Report underscores the importance of planning. Simply put, protecting data protects your bottom line," said Jaspreet Singh, CEO, Druva. "It's no surprise that more and more companies are relying on backup to recover from ransomware attacks. Simple preventative planning greatly mitigates what could otherwise be costly and destructive to data recovery, not to mention devastating to overall business viability."

The findings within the 2017 Druva Annual Ransomware Report, based on responses from more than 800 IT professionals, revealed the following:

  • Multiple Attacks are Likely: Nearly 50 percent of organizations that have experienced a ransomware attack are the victim of multiple attacks
  • Not Just End Points Anymore: Once thought to be contained to end points and/or end users, the 2017 survey finding point to 33 percent of ransomware attacks targeting servers
  • Ransomware Attacks Spread: According to those surveyed, 70 percent of attacks spread to multiple devices
  • Blind to Size and Location: Enterprises are equally impacted regardless of company size, device type or location of data
  • More is More: Eighty-two percent of survey respondents reported a rise in the rate of attacks
  • Planning with Purpose: Eight out of ten times, organizations rely on backup to restore and recover crucial data after an attack

According to leading analyst firm Gartner, "Ransomware is on the rise, and backup remains the best protection against data loss. As a fail-safe, organizations should implement enterprise endpoint backup for laptops/workstations, and set recovery point objectives (RPOs) for each server deemed to be at greater risk to ransomware according to organizational requirements, based on data loss time frame acceptable to the organization."2

Download the 2017 Druva Annual Ransomware Report to read the full results.

1 https://www.fbi.gov/file-repository/ransomware-prevention-and-response-for-cisos.pdf/view
2 Gartner, "Magic Quadrant for Data Center Backup and Recovery Software," Dave Russell, Pushan Rinnen and Robert Rhame, June 8 2016

About Druva
Druva is the leader in cloud data protection and information management, leveraging the public cloud to offer a single pane of glass to protect, preserve and discover information - dramatically increasing the availability and visibility of business critical information, while reducing the risk, cost and complexity of managing and protecting it. Druva's award-winning solutions intelligently collect data, and unify backup, disaster recovery, archival and governance capabilities onto a single, optimized data set. As the industry's fastest growing data protection provider, Druva is trusted by over 4,000 global organizations and protects over 25 PB of data. Learn more at www.druva.com and join the conversation at www.twitter.com/druvainc.

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