Mitiga, a cloud incident management firm, announced the launch of the first Ransomware Readiness solution for the cloud, which aims to improve ransomware protection. This technology and services solution allows businesses to improve their cloud ransomware readiness and resilience, as well as respond and recover quickly when attacks occur.
Ransomware attacks are on the rise around the world, and they’re becoming more complex as cybercriminals adapt to defensive tactics. Attackers encrypt and erase backups, exfiltrate and sell information, and even sell access to vulnerable systems. Because of this growing complexity, ransomware discussions necessitate a thorough investigation to identify the scale of the attack, the optimal response, and how to prevent perpetrators from repeating the attack.
Mitiga built Ransomware Readiness in response to this increasing threat, based on studies on cloud service providers, including how data is accessed, stored, and encrypted. Ransomware Readiness assists businesses in better preparing for and responding to ransomware attacks in cloud settings, allowing for quicker recovery and a faster return to business as normal. Clients can be certain that if cybercriminals attack their critical cloud services, incident response and investigation may begin in hours, not days, thanks to Ransomware Readiness.
“As with all cybersecurity threats, ransomware has become more sophisticated over the last two decades. And as more and more companies migrate to the cloud, it becomes increasingly complex for them to navigate today’s dangerous threat landscape,” said Ariel Parnes, Mitiga Co-Founder and COO.
It’s critical to swiftly analyse the magnitude of a ransomware attack so that executive teams may make informed decisions and handle any associated risks, such as informing regulatory authorities, clients, and the general public if necessary.
Making those judgments without enough knowledge makes it difficult to keep the trust of the board of directors, shareholders, and clients, and may result in expensive ransomware payments and notifications. Giving leadership teams the information and response experience they need to make timely choices through readiness exercises can make the difference between a small event and a crisis.