Mitigating Ransomware through Active Archive Solution

Ransomware reigns as today's chief malware threat. Businesses may lose revenue, employee talent, customers, and even close from a ransomware attack. Coupled with the ransomware problem, exponential data growth challenges organizations with gathering, storing, and protecting their data cost-effectively with limited budgets. Strong data governance through active archive solutions helps organizations mitigate ransomware attacks and provides a framework for strategically managing their data growth.

Reports estimate that a ransomware attack occurs every 11 seconds. And Statista, a global research firm, reported 304 million attacks worldwide in 2020. But it is not just the volume of attacks that make ransomware the chief malware threat; it is the business impact when a successful attack occurs.

Beyond ransomware payment fees, successful ransomware attacks trigger many additional expenses and negative outcomes, including:

• Data loss
• Computer restoration costs
• Business interruption losses
• Brand and revenue losses
• Fines, legal fees, and higher insurance premiums

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