System status
We recently discussed ransomware during our talk at Cybereco’s Cyberconference. This topic is more than just a current issue—it’s a shadow looming over the head of every leader and IT expert.
Ransomware is truly a major threat, and nearly two out of three organizations have fallen victim to it in the last year. With an average estimated cost of 1.92 million dollars per organization and long-term consequences such as data losses and weakened credibility, cyberattacks highlight the importance of adopting proactive cybersecurity measures.
A false sense of confidence
Despite the risks at hand, many organizations are falsely confident about their ability to deal with a ransomware attack. Most organizations believe they will not be targeted by a ransomware attack (72%) or that they would be able to recover all their data and resume normal operations after paying the ransom (74%).
Unfortunately, this is not the case. Without viable backups, these organizations may experience significant downtime and have to pay substantial amounts of money to resume operations. Data stored on site and even local backups may be lost for good.
Keep in mind that no system is 100% secure.
Concerns over cloud backups
In light of these challenges, many organizations migrate or consider migrating part of their on-site workloads to public clouds.
Yet there are still concerns associated with outsourcing enterprise backups. For example, some teams may worry about losing control over their data, lacking security measures or having their privacy jeopardized.
These are valid concerns, given that data stored on hyperscaler clouds migrates across geographical boundaries and is subject to different jurisdictions.
Thankfully, there is an alternative.
Immutable backups and sovereign cloud technology
On the one hand, immutable storage ensures that data cannot be altered once written. It is the backbone of isolated recovery environments (IREs) and acts as a powerful line of defence against ransomware attacks.
Immutable backups are like data vaults that provide enhanced protection against ransomware while guaranteeing data integrity and assurance, rapid incident recovery, and compliance with regulatory requirements.
On the other hand, when combined with a sovereign cloud such as Cirrus, these backups also guarantee that your data remains under Canadian jurisdiction at all times and give full control over data without sacrificing the benefits of outsourcing.
Immutable backups stored on Cirrus cannot be altered, deleted or corrupted, which means that they offer additional protection against human error, cyberattacks, malware and even hardware failures or natural disasters.
Taking a strategic approach
As cyberattack risks are on the rise, organizations must prepare in case they are targeted. Investing in immutable storage solutions on Cirrus is a great way to protect their critical data and ensure business continuity.
To increase their resilience, organizations should also take a strategic approach that combines Backup as a Service (BaaS) and Disaster Recovery as a Service (DRaaS). They must also understand how their data is used and analyze their risk tolerance for data loss and recovery time (RPO/RTO).
Micrologic can guide you in adopting this type of strategic approach to build a strong line of defence against ransomware.
