Ransomware is the latest persistent threat facing our customers. And the new ransomware protection and recovery services are based on Commvault’s expertise and knowledge of data management design, planning, and recovery.

66 percent of organizations surveyed reported significant loss of revenue after a ransomware attack, 53 percent of organizations indicated that their brand and reputation were damaged as a result of a successful attack, and 32 percent reported losing C-level talent as a direct result of ransomware attacks. 26 percent of organizations reported ransomware attacks forced their businesses to close temporarily.

“The rise of ransomware and catastrophic breaches has confirmed that current cybersecurity approaches are failing, and organizations need to implement a Zero Trust architecture,” said Mark Noctor, Regional Vice President of Sales, EMEA.

According to data from Check Point Research, ransomware attacks in the UAE increased by 16% in June since the beginning of the year and globally the average number of ransomware attacks increased each week by 20% in May and April, by 41% in the first half of the year and 93% in the last 12 months.

BEC and ransomware attacks are expensive dangers to enterprises, according to the report, which questioned almost 600 IT and IT security practitioners. However, the losses to businesses go far beyond the money provided to the attackers.