Ransomware has been around for a while now and it has spread drastically. Its effects have been devastating, to say the least, and costly for businesses and enterprises.
According to reports, the costs of cyber-crime to the global community is around $500 billion.
This is a huge number and it speaks for itself that why ransomware protection is absolutely necessary in today’s world. This sounds scary, right? Well, it should, and if you don’t have any ransomware protection, you should be even more scared.
Let’s look at some of the reasons why ransomware protection has become extremely important and why backup and disaster recovery is vital for any organization.
An excessive amount of Downtime
The initial concern of any organization is the excessive amount of downtime they might suffer, if hit by a ransomware attack. With the need to be operational 24/7, businesses cannot afford to suffer downtime for very long periods of time.
For SMBs, an excessive amount of downtime may result in them potentially going out of business.
This excessive amount of downtime can be significantly improved by a backup and disaster recovery solution.
A backup and DR solution reduces the RTOs and RPOs significantly, which in return reduces the downtime to as minimal as possible.
Backup & DR prevent financial loss
In a ransomware attack, attackers demand payment, in exchange for all the data that has been locked and encrypted.
Any company, who has mission-critical files locked up and encrypted, cannot afford to lose them and so they end up paying the ransom.
This ransom money is usually not a small amount. As mentioned before, on average, it has cost the global community around $500 billion.
This gives us an idea on how much ransom is demanded and companies have to pay this excessive amount of money to get their data back. This causes financial problems in the future and budget cuts on things which are considered important.
A backup and disaster recovery appliance helps greatly in preventing a ransomware attack if it is set up beforehand.
However, even at the event of a ransomware attack, there is no need to pay any ransom money for the retrieval of data. With a backup and disaster recovery appliance, users can recover their data in a matter of minutes, without the need of paying any ransom money whatsoever. Provided that they had already ‘backed up’ their data, of course. This enables companies to use that money (which would have been spent on ransom) in areas best suited for the development and growth of the company.
Conclusion
Organizations deal with mission-critical data and cannot afford anything to happen to it. With ransomware being a major threat, one can never be so sure. A backup and DR solution can help fight against ransomware and setting up one can help greatly in preventing the attacks and offer easy and fast recovery of data, leading to minimal downtime.
