Why is the Last Line of Defence

needed?

RansomWare file encryption can result in: business downtime loss of productivity possible loss of (valuable) data possible reputation damage A RansomWare attack can disrupt business operations and may lead to data and (serious) financial losses In other words, a RansomWare file encryption attack will cost any organisation a large amount of money . Third party reports (see references below) conclude the following: RansomWare is cybercrime threat no. 1 the global costs of RansomWare has increased further to $ 20.000.000.000,- for 2020 the average cost of a RansomWare attack is $ 4.440.000,- next year, every 11 seconds a business will be attacked by RansomWare even after paying the ransom amount, there is no guarantee that your encrypted data will be recovered daily, over 14.000 new RansomWare instances are being released in Europe, 57% of the companies have been affected by RansomWare and in North America 69% even 75% of the companies infected with ransomware, were running up-to-date endpoint protection It becomes evident that no-one can prevent a RansomWare attack with 100% certainty. The consequences of a RansomWare encryption attack however, could be severe. The facts above clearly indicate, that the classical cybersecurity preventive measures do no longer suffice : the Last Line of Defence is needed in every organisation in addition to the preventive cybersecurity measures already implemented!

Taking immediate action is critical!

As soon as all other preventive cybersecurity measures fail and a RansomWare encryption attack starts, it is critical that adequate actions are taken within seconds. Every second counts! The classical cybersecurity preventive measures don’t do anything in such situation: new additional solutions are required. Until shortly, such solution didn’t exist, but NOW IT DOES! Please allow us to introduce our Last Line of Defence… The Last Line of Defence takes immediate adequate actions at the critical data-encryption point and stops further file encryption. It offers you the tools you need to counter that RansomWare encryption attack!

Background information

Preventive cybersecurity measures aren’t enough!

There are over 200 companies offering preventive security measures. Eventhough, the amount of daily new instances has been slightly reduced, with about 14.000 new RansomWare instances daily, the preventive security measures can only provide prevention in 99,3 – 99,7 percent of the cases. Next to the significant amount of mutations, RansomWare gets smarter and smarter and the attackers more professional. Multiple sources report that 75% of the companies infected with ransomware, were running up-to-date endpoint protection. The past period, many cases of RansomWare infections have been published. Cases in which the losses ranged between several hundred thousand euros and over 300 million euros. The RansomWare attacks are executed worldwide. Well over 50% of the companies have reported being affected by RansomWare.

RansomWare is the number 1 threat

Everyone has heard of RansomWare but not everyone is aware of the consequences an infection can cause. Multiple sources state that also for 2021, RansomWare remains the top cybercrime threat. Organisations need to ensure that their IT security measures are a top priority more than ever! Not only the cost of RansomWare is growing, also the frequency is increasing

Why is LLoD needed?

If your organisation might become a victim of a RansomWare encryption attack, all cybersecurity measures already implemented have failed at that point. At that moment, you definitely want to have a robust and fast operating range of actions executed. You want to prevent a domino encryption effect and to prevent the consequences listed above. Therefore you need a Last Line of Defence!