WHITEPAPER OVERVIEW

Whitepaper
Overview

Address
Ransomware

ADDRESS RANSOMWARE

Zero
Loss

Zero Loss Strategy

Need
Help?

HOW WE HELP

Protect, Detect, & Recover Data From Ransomware – Quickly & Fully

Keep hackers from disrupting your business with a ransomware recovery strategy designed for your complex environment
The ransomware threat continues to dominate headlines—and for good reason. A successful 
ransomware attack on Colonial PipelineOpens in a new window.
 disrupted distribution of nearly half of the fuel supply for the U.S. East Coast. That same month, a similar exploit 
shut down U.S. production of JBS SAOpens in a new window.
, the world’s largest meat producer. And the crisis will only get worse, with predictions that by 2025, 
75 percent of IT organizationsOpens in a new window.
 will have faced one or more attacks.

 


 

Overview

In this interactive whitepaper, we’ll look at how you can protect, detect, and recover data successfully to mitigate the risk of ransomware for your business.

In this whitepaper, we’ll look at how you can protect, detect, and recover data successfully to mitigate the risk of ransomware for your business.

These attacks can be devastatingly effective. It takes just five minutes for a form of ransomware to encrypt 100,000 files.¹ The average ransom payment is approximately $925,162.² Even for organizations paying the demanded ransom find that once they regain access to their data, 
46 percent Opens in a new window.
found their data to be partially corrupted and unrecoverable.

“Commvault gives us confidence that we can recover rapidly from any scenario, including potential ransomware attacks."

Mohammed Azam IT Infrastructure Head | 
Emirates SteelOpens in a new window.
Complexity and confusion aside, the essence of effective ransomware protection can be relatively simple. To protect your business, you need to be able to do three things:
Reduce Attack Surface
Reduce your available attack surface to minimize risk
Detect Unsual Behavior 
Detect unusual behavior before a threat impacts your environment and your business
Minimize Business Disruption
Minimize business disruption if an incident does occur by recovering data
1
Why ransomware risk keeps growing
1
Why ransomware risk keeps growing
2
A sprawling attack surface
2
A sprawling attack surface
3
Proliferating tools & inconsistent practices
3
Proliferating tools and inconsistent practices
4
Underinvestment in ransomware recovery
4
Underinvestment in ransomware recovery
Why the risk of ransomware keeps growing
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Why the risk of ransomware keeps growing

Cyberattackers pressure organizations by threatening to publish the sensitive data information they have hijacked, known as double extortion.³ And, bad actors are taking their cyberattacks one step further by demanding ransomware from third-party victims, such as company clients, external colleagues, and service providers — a tactic known as triple extortion.⁴
 25 percentOpens in a new window.
 of businesses attacked are forced to close due to the inability to operate due to ransomware. And, an ESG study found that 
 79 percentOpens in a new window.
 of survey respondents stated that their organizations had experienced a ransomware attack within the past year.

 

 

25%

of businesses are forced to closed due to the inability to operate due to a ransomware attack

79%

of organizations have experienced a ransomware
attack in the past year.

 

A sprawling attack surface
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A sprawling attack surface

As more technologies are added to meet new needs and demands, data ends up dispersed across multiple environments, including hybrid and multi-cloud as well as remote and distributed environments, leading to data sprawl that introduces multiple risks to your business. The average data breach costs $4.24 million, a 10% rise from the previous year and an average breach cost was $1.07 million higher where remote work was a factor.5 Generations of data sprawl and fragmentation have broadened the attack surface, impeded automation and process efficiency, and left companies struggling to manage multiple protection and recovery tools across their environment.

The average data breach cost is

$4.24M

The average data breach cost was

$1.07M

higher with remote work as a factor

Proliferating tools and inconsistent practices
3/4
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Proliferating tools and inconsistent practices

In fact, large organizations use an average of 
76 security tools, a 19% increase from two years ago.Opens in a new window.
 The rise in security tools may be attributed to a combination of factors, including greater regulatory pressure on security teams, the rising threat landscape, and more interest from boards compared to previous years.6 Having multiple data protection tools or point products, and if through separate management consoles, makes ransomware protection and recovery overly complex and time-consuming. Organizations cannot efficiently plan, protect, monitor, restore, or test, leaving data protection gaps and opening the organization to greater risk.

Large organizations use an average of 

76 different cybersecurity toolsOpens in a new window.
Underinvestment in ransomware recovery
4/4
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Underinvestment in ransomware recovery

Ransomware is a reality that businesses face as a threat to everyday operations. CIOs and CISOs 
plan to spend more on cybersecurity. Opens in a new window.
According to a report conducted by PwC, 
69 percent Opens in a new window.
of organizations predict a rise in their cyber security spending with
 26 percent Opens in a new window.
stating they anticipate a 
10 percentOpens in a new window.
 or higher spike in cyber spending for the upcoming year.

69%

of businesses plan to increase their cyber security spending

What’s needed to address the threat of ransomware

First of all, one thing has to be absolutely clear: Even if you pay the ransom, that does not mean all of your data will be restored. According to Sophos 2022 State of Ransomware Report, only 61 percent encrypted data restored after paying the ransom and only 4 percent got all of their data back.
The average downtime a company experiences after a ransomware attack is
 7-10 days.Opens in a new window.
 And, twenty six percent of companies report
 brand damageOpens in a new window.
 as a result of a cyberattack. Add it all up — downtime, people time, device cost, network cost, lost opportunity, ransom paid — and the average bill for rectifying a ransomware attack is
 $1.4 million.Opens in a new window.
Given costs and impacts like these, the only viable strategy is to avoid being at attackers’ mercy in the first place—by ensuring your ability to protect and recover data with minimal business disruption.
Speed

Recovery must be simple and fast to meet RTO and RPO

Oversight

Data management tasks must be automated and orchestrated to maximize operational efficiencies, streamline processes, and eliminate repetitive, time-consuming tasks

Control

IT needs a way to identify, protect, and recover dispersed data and diverse workloads across the environment — from tape libraries to containers, physical to virtual to cloud, endpoints to the data center

What is the average total cost for rectifying a ransomware attack?

$1.4M

is the average total cost for rectifying a ransomware attack

 

 

 

Zero Loss
Strategy

Zero Loss Strategy

Beyond simply adhering to a multilayered security framework and zero trust principles, the ultimate solution can manage and substantially reduce the impact of a ransomware attack. It can reduce costs for your organization by utilizing one centralized management platform, so security teams don’t have multiple product points to log in and out of.

 

It can increase the visibility of your data through a single landscape to minimize complexity for your teams. And finally, it can protect what matters most by providing the broadest workload coverage and rapid recovery capabilities through a unified approach. For all of this to happen, a solution must embrace Zero Loss Strategy.

  • End-to-end data visibility – Catch threats before they cause harm
  • Broadest Workload Protection – Protect the data that matters most
  • Faster business response – Ensure a consistent, flexible, curated recovery

 

Learn more about Zero Loss Strategy

WATCH VIDEOOpens in a new window.

 

 

 

How Commvault helps

Commvault enables organizations to protect data and to help ensure fast, full recovery from ransomware across a diverse environment. As a recognized leader in data center backup and recovery solutions, we provide Intelligent Data Services.

 

They allow all data protection, data security, data compliance, data transformation, and data insights to be handled from a single, simple unified platform across hybrid clouds, multi-clouds, and on-premises environments.

What percentage of surveyed IT organizations said they improved their data theft or breach prevention with Commvault?

84%

of surveyed IT organizations improved data theft or breach prevention with Commvault 
Commvault uses intelligent data protection and monitoring capabilities designed explicitly to guard against malware, including ransomware, to keep data safe, secure, and recovery ready. A multi-layered approach enables comprehensive data protection by following 
National Institute of Standards and Technology (NIST) Cybersecurity FrameworkOpens in a new window.
 standards, best practices, and controls throughout the backup and recovery stack:
  • Identify – assess and mitigate risks
  • Protect – lock and harden data from changes
  • Monitor – find anomalous threats
  • Respond – analyze data and perform orchestrated actions
  • Recover – restore clean data quickly
What percentage of surveyed IT organizations said Commvault gives them greater confidence in restoring their data to resume business operations quickly?

95%

of surveyed IT organizations said Commvault gives them greater confidence in restoring their data to resume business operations quickly.

Reducing your available attack surface

Commvault helps protect against ransomware and other threats by making it harder for hackers to launch a successful attack, and mitigating the impact of any malware that does enter your environment.
Multitenancy functionality lets you reduce your overall attack surface by isolating networks and data management. Network segmentation supports Zero Trust by preventing threats from moving laterally to contain any damage in the event of a successful cyber attack. Backup copies can be air gapped to ensure recovery readiness. Multifactor authentication and privileged access management (PAM) help IT control and protect user credentials to prevent unauthorized access. Vendor-independent hardware immutability lets you protect data against changes from within and outside the backup solution. 

Mitchell International uses Commvault’s SaaS offering to ensure they are well-positioned to defend against, and recover from an attack.

WATCH VIDEO
go back

Detecting unusual behavior

Commvault threat monitoring framework uses machine learning-driven anomaly detection and honeypot technology to catch threats before they fully impact your environment. A single interface lets you monitor, manage, protect, and secure data across your diverse environment. Easy-to-use dashboards provide early warning alerts of suspected ransomware and other malicious activities. 

Minimizing business disruption with recovery 

Commvault enables companies to recover rapidly and consistently from security incidents with machine learning-driven automation and orchestrated workflows. Broad, deep workload and application support helps you apply a consistent process across all data and workloads. Cross-cloud and cross-hypervisor flexibility lets you restore seamlessly to on-premises environments, cloud, or wherever the data is needed. Suspicious or unnecessary files can be surgically deleted or isolated to ensure a clean and secure recovery. 

The State of Colorado used the Commvault platform to recover quickly with zero data loss from a major ransomware attack against its Department of Transportation.

 Opens in a new window.WATCH VIDEOOpens in a new window.
As noted in 
GigaOm Radar for Hybrid Cloud Data Protection for the EnterpriseOpens in a new window.
, “Commvault’s ability to solve complex data management challenges extends beyond backup and includes capabilities to further protect customer data. These capabilities include data protection across on-prem and hybrid/multi-cloud environments, including backup and disaster recovery; data security with protection and recovery from security threats, including data breaches and ransomware.”
Commvault also achieved the highest score across all three use cases in the 
2021 Gartner Critical Capabilities for Enterprise Backup and Recovery Software Solutions reportOpens in a new window.
, Datacenter Environments, Cloud Environments, and Edge Environments, and placed in the Leaders Quadrant for the 10th consecutive time.

Avoid the cost and disruption of ransomware

When ransomware takes control of your data, even a payment can’t guarantee a return to business as usual. The only safe strategy is to minimize the chances of a successful attack—and ensure that you can recover quickly and fully, with minimal disruption, from any malware that does reach your environment. 

Trying to protect your data?

To learn how you can take action to reduce the risk of ransomware, download our Ransomware 101 eBook.
LEARN MORE ABOUT RANSOMWAREOpens in a new window.