Search Results for: ransomware

Infrascale is a data protection company targeting small and medium businesses via MSPs with two major product streams: disaster recovery as-a-service (DRaaS) and backup and recovery. Infrascale backup sends data to the cloud, and also backs up data in cloud applications like Office365, Dropbox, Google Workspace, etc. Its disaster recovery options support backup to an on-site appliance, running off local system replicas for DR, or running DR in the cloud.

Based on these estimates, the cumulative cost of cyberattacks could rise to $20 billion by 2021 from $11.5 billion in 2019. By 2021, a ransomware attack is expected to take place every 11 seconds according to this data. However, about one-quarter (28%) of small and midsized businesses (SMBs) lack a plan designed to mitigate ransomware attacks, according to a 2020 Infrascale survey.

Businesses face increased threats from ransomware. Standard measures may no longer be effective as attacks become more sophisticated. Security experts offer some tips and techniques for the business community.

Ransomware is on the rise and shows no signs of slowing down. Because ransomware is becoming harder to avoid, the security experts at Infrascale, a data protection company, put together a list of tips for organizations that may be compromised by ransomware

Infrascale has compiled a list of tips for organizations that may be compromised by ransomware

“It is shocking that during a time in which the world should be coming together in the fight against COVID-19, criminals are preying on unsuspecting people and organizations for personal, usually financial, gain,” said Russell Reeder, chief executive of Infrascale, a cloud-based provider of back-up and disaster recovery solutions.

New research from Infrascale has shown that ransomware attacks are very common in the small and medium business (SMB) community, as 46 percent of these businesses have fallen victim to them. Additionally, 73 percent of those SMBs that have been targeted by ransomware attacks have actually paid the ransom.

Ransomware attacks are not at all unusual in the SMB community, as 46% of these businesses have been victims. And 73% of those SMBs that have been the targets of ransomware attacks actually have paid a ransom, Infrascale reveals.