The Age of RaaS: How to Stay Ahead

Ransomware threat data from 2022 is beginning to surface and we are getting a clearer picture of what we can expect in 2023.
Ransomware attacks have increased and new ransomware variants have proliferated. This is likely attributed to the success of the Ransomware-as-a-Service model (RaaS).

Sophos 2022 State of Ransomware report finds that 2/3 of organizations suffered a ransomware attack in 2021, an incredible 78% increase on the previous year. Malicious actors were also more successful at encrypting data, with a 65% rate of encryption success compared to 54% in the same timeframe.* Meanwhile, according to Fortinet’s 2022 Global Threat Landscape Report, ransomware variants have doubled in a six-month period. The documented variants went from 5,400 in the second half of 2021 to 10,666 in the first half of 2022.**

The good news is that despite the increase in number of variants and malicious actors, the blueprint for cyber-attacks has largely remained the same. Organizations now have a variety of solutions available to combat the threat of ransomware. However, improving your organization’s cybersecurity posture is a must.

On February 2, we had a discussion with Veeam to learn about the importance of implementing the necessary protection against ransomware throughout the peak of RaaS.
Our speakers William Bell, EVP of Products at phoenixNAP, and Michael Deemer, Inside Systems Engineer at Veeam, covered the following key topics:

– Understanding modern RaaS and its proliferation
– The impact of RaaS on your security plans for 2023
– The importance of DRaaS in mitigating ransomware
– DRaaS technical feature and benefits

*Source: Sophos 2022 State of Ransomware
**Source: Fortinet 2022 Global Threat Landscape Report

Duration: 00:52:29
Publisher: phoenixNAP Global IT Services
You can watch this video also at the source.