Mitigating the impact of cloud ransomware with microsharding

Ransomware has grown exponentially over the past few years. The European Union Agency for Cybersecurity (ENISA) noted a 150% rise in ransomware attacks between 2020 and 2021, and the average ransom payment is at an all-time high of $812,360.

When additional expenses — including third-party remediation services, regulatory fines, higher cyber insurance premiums, lost wages, lost time, and equipment replacement — are factored in, it’s no wonder that recovering from an attack costs businesses an average of $1.85 million in 2021. With enterprise data increasingly moving to the cloud, organizations are now beginning to document cloud ransomware incidents as well as typical on-premises attacks.

To help mitigate the impact of ransomware — including both data encryption and data exfiltration aspects — Microshard technology provides advanced security for your sensitive data in the cloud.