Industry's first $5m ransomware recovery warranty

Industry's first $5m ransomware recovery warranty


Nonkululeko Baloyi, Chief Operations Officer: VNQ Systems.





With data being increasingly valuable to companies, ransomware attacks are surging worldwide, including in South Africa.


It is becoming incredibly lucrative for attackers to target businesses for their data, and at the same time, the ransomware being used is becoming more sophisticated.


This means more enterprises will feel the need to pay the ransom in the case of a breach.


In the quest to reach the highest standards of data security excellence, and also in an industry first, Rubrik has announced a ransomware recovery warranty of up to $5 million for Rubrik Enterprise Edition customers.


This warranty will be available for customers running Rubrik Enterprise Edition and working with a Rubrik Customer Experience Manager (CEM) to ensure that security best practices are in place. The warranty will cover expenses related to data recovery and restoration in the event that Rubrik is unable to recover protected data in the event of a ransomware attack.


So says Nonkululeko Baloyi, Chief Operations Officer: VNQ Systems, which is a partner of Rubrik solutions in South Africa: "It is unfortunate, that in the event of a breach, paying the ransom is no guarantee that the threat actors will actually honour the agreement and release the data. This potentially leaves a breached organisation in the unenviable position of being both out-of-pocket as well as having had its data stolen.


"We are seeing that the breakdown of the perimeter is driving a Zero Trust approach to cyber security, which assumes that all users, devices and applications are untrustworthy and can be compromised. In other words, trust nothing, always verify. According to this model, only multi-factor authenticated users get access to data, permissions are limited, and the ..

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