Page 11 - Sophos - Ransomware Special Edition

FEaTURE STORY

estimate ransomware is a huge concern for
attacks would cost organizations, if not
global organizations prime. “Ransomware
nearly $20 Billion in taught businesses that
Ransomware 2021. data can be locked
keeps evolving, “The costs associated without taking it out
getting faster, with any ransomware of the server simply
smarter and costlier. attack are hard to because organizations
Some ransomware maNaSI Saha quantify because you were neglecting
are more complex Owner, have a variety of direct endpoint, which
and harder-to-spot Macaws Infotech costs such as the ransomware took
variant than ransom demands (if advantage of,” he
others. victims choose to pay explained.
them) and remediation So how are Partners
costs, as well as indirect helping to manage the
costs i.e. downtime, Ransomware Situation?
Raksha Technologies the products used,
Pvt. Ltd., believes that the service providers
ransomware is a big involved, everything,”
concern for service he elaborated.
providers. Echoing similar We get
“Sometimes, it is sentiments, Jitesh tremendous
irreversible damage, like Chauhan, Director, support from several
in a case where data Rubik Infotech Pvt. vendors. Both our
is lost, and there are Ltd. opined that the organizations team up
no credible backups. It threat is increasing well and provide great
becomes an emergency every day, thus taking value to customers.
for all involved and organizations down, V. aNaND We are provided with
casts a big cloud on the and it’s only getting Chief Executive licenses, cloud instances,
abilities of the IT setup, worse. As per an Officer, Raksha structured training
Technologies Pvt. programs etc.
Ltd.

data recovery, lost According to
The weakest revenue, improvements AbhinavVarshney, Asst.
and the most to cyber defenses, and Manager Pre-Sales at
neglected assets in reputational damage,” Satcom Infotech Pvt Ltd,
any company are the he reiterated. partners need to focus
workforce. Most of the According to on proactive approach
companies have never Sandeep of ISOEH on ransomware
invested in updating SaNDeep (Indian School of Ethical infection in the first
their employees on do SeNgupTa Hacking), who is also place, which can be
& don’ts of cyber Legal Auditor a CISA certified ethical done by educating and
security hacker and Lead Auditor testing the end-users
ISOEH at ISOEH, ransomware through automated

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