Intelligent CIO Middle East Issue 83 | Page 75

INTELLIGENT BRANDS // Enterprise Security

Create a data fortress for protection against ransomware attacks

Tuhina Goel – Director of Product Marketing – Nutanix

Cybersecurity Ventures predicts that ransomware will cost its victims around US $ 265 billion annually by 2031 . Businesses will face a new attack every two seconds as ransomware perpetrators progressively refine their malware payloads and related extortion activities . The data clearly suggests that it is not the question of if , but when a business is attacked by ransomware . data unrecoverable without paying a ransom for a decryption key . There is substantial uncertainty that even if the ransom is paid that the data will be restored or that the attack is ended .

Ransomware attacks cannot be detected by antivirus software or firewalls and cause tremendous losses , including lost productivity costs , forensic investigation costs , data restoration costs from backup , and the costs of hiring emergency consultants and crisis managers .
What businesses need is a cybersecurity and ransomware protection plan that is integrated with the storage system to detect , prevent , recover , and analyse cyber-attacks so that structured and unstructured data is protected , no matter where the data resides .
Nutanix Files offers integrated ransomware protection
The Nutanix Files software-defined storage solution has integrated ransomware protection to help customers secure unstructured data . The latest version , Files 4.1 , offers improved network isolation with network segmentation , better resource management with enhanced multi-network support , enhanced security with WORM support and ransomware detection .
When combined with our Nutanix Data Lens SaaS-based data management and governance application , Nutanix Files delivers a full spectrum of ransomware protection aligned to key defence-in-depth and critical cybersecurity initiatives like a Zero Trust Architecture ( ZTA ) spanning the NIST Cybersecurity Frameworks of identify , protect , detect , respond and recover . p
Shared storage has been an especially rich target for cybercriminals to hijack valuable customer , financial or sensitive information and extort payment in return for access to the data . Hence , revving up ransomware defence is a top priority for CIOs and other business leaders who are actively looking for storage security strategies against malicious cyberattacks .
Ransomware is a type of malware that attacks storage systems by encrypting user file shares and volumes . Victims are denied access to the encrypted data and make the
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