With the rapid growth of ransomware attacks, enterprises all share the same concern: “If we get hit by ransomware, can we recover?” The reality is, when traditional security products fail and data is compromised, the stakes are high, and IT and Security teams are often left on their own. So we asked ourselves, can we give them the ultimate assurance that Rubrik will be there for them?

In September of 2021, a new malware family named SquirrelWaffle joined the threat landscape. It spread through infected Microsoft Office documents attached in spam emails. The infection flow starts with a ZIP file that contains the infected Office document. When the file is opened by the victim, the malicious VBA macros download SquirrelWaffle DLL, which eventually leads to deploying another threat, such as CobaltStrike or QakBot.

Organisations who find their networks hit by a ransomware attack may soon have to disclose within 48 hours any payments to their extortionists. That’s the intention of the Ransom Disclosure Act, a new bill proposed by US Senator Elizabeth Warren and Representative Deborah Ross.

Ransomware attacks are here to stay, so it is vital to be prepared and don't become a statistic. Here are 5 tips to help protect your organization.

At the Rubrik Data Security Summit, leaders from both the public and private sectors discussed an important topic: ransomware. Cyber threats continue to expand in both volume and sophistication with attacks growing at a rate of 150% annually. As attackers increasingly target backups, it will be even more paramount for policies and guidance from government agencies to match the security innovation of private sector businesses to mitigate the risks of this cyber pandemic head-on.

Despite the steady drumbeat of hacks that are reported on a nearly weekly basis, it is safe to say that cybersecurity is still far from a “top of mind issue” for most people. Massive data breaches like Equifax, Marriott, and many, many more are chalked up to being yet another part of the modern life. While each of those cybersecurity incidents was quite serious in its own right, for the public whose data were compromised, they represented more of an inconvenience than a serious concern.

2021 has witnessed a surge of ransomware attacks. Also, the attackers are targeting businesses that are critical to the public infrastructure, such as oil pipelines and international meat producers. Further, the demands for ransom have increased and the cost of clean-up has also doubled over the last year. There are two major reasons for this sudden spike in ransomware attacks: Like SaaS, RaaS also has a flexible business approach.

The 2021 Egnyte Data Governance Trends Report contains a plethora of interesting findings that offer insight into how we’ve been working collaboratively during the global pandemic, and the security threats that have arisen as a result.