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The True Costs of Ransomware
Ransomware: Impacts to Business
What's Inside?
News about ransomware always starts with an attention-grabbing headline that focuses on the amount of money the victim paid to get their data back. What the headline dollar figure leaves out is the true and total cost of remediating the ransomware event from start to finish.
According to Forbes, the average cost of a ransomware payment is “north of $300,000” though we have seen from other reports that the actual average amount paid is greater.
While upcoming legislation in the U.S. may change reporting requirements, many ransomware attacks go completely unreported by organizations seeking to lessen the overall impact after falling victim to a successful ransomware attack.
In addition to the actual ransom amount victims are asked to pay, they also pay in:
- Business disruption and downtime
- Incident Response
- Data recovery
- Legal costs
- Negative brand reputation impact
- Infrastructure and remediation costs
- Increase in cyber insurance premiums
See the full breakdown of the cost of ransomware in our free guide. Download your copy today.
Stop ransomware, prevent business downtime, and recover without backups.
Halcyon is the only cybersecurity company that eliminates the business impact of ransomware. Modern enterprises rely on Halcyon to prevent ransomware attacks, eradicating cybercriminals’ ability to encrypt systems, steal data, and extort companies. Backed by an industry-leading warranty, the Halcyon AntiRansomware Platform drastically reduces downtime, enabling organizations to quickly and easily recover from attacks without paying ransoms or relying on backups.
Together with Aliado Solutions, an IBM partner, Halcyon is changing the industry to reduce ransomware risk to zero.
Prevent, Recover, & Eliminate Ransomware Threats
Halcyon's ransomware prevention engine constantly examines each endpoint for ransomware attack precursors to stop it in real time. Additionally, our platform intercepts the encryption keys generated during an attack in order to automatically decrypt any impacted endpoints and protect the broader fleet. Never pay for a ransom or have to restore from backups again.
Supercharge Your Endpoint Controls
Modern endpoint controls are common targets for attackers to get around. Halcyon’s sidekick protection ensures your other investments in security are always communicating and never compromised.
Stop Double-Extortion & Data Loss
Ransomware attackers commonly siphon sensitive data off victim networks to hold for a second ransom, threatening to sell this data to the highest bidder or release it publicly. Halcyon's Data Exfiltration Protection (DXP) automatically prevents this from happening.
Gain Board Approval, Alignment, & Confidence
Shifts in legality have turned cyber into a top board concern. With executive leadership on the hook for an effective cybersecurity program, security teams turn to Halcyon to provide a truly resilient anti-ransomware program.
Testimonials
Halcyon was partially deployed against previously unseen ransomware. The threat actor had disabled our AV and EDR, but failed to execute on endpoints running Halcyon. We saw the attackers pivot to unprotected machines, but Halcyon’s services and keyless decryption helped us recover critical data in less than 24 hours. 99% of our data was recovered in under 48 hours.
Enterprise - Manufacturing (Q2 2023)
After recovering from a ransomware incident, we installed Halcyon as an additional security measure on our endpoints. During deployment, Halcyon quickly identified and blocked a Sunburst backdoor that was missed by all of our other (new and old) controls we had put in place.
Enterprise - Retail Distribution (Q3 2023)
We were compromised by an active ransomware group while searching for an anti-ransomware product. Our IR firm and MSSP both forecasted a long recovery. We tried Halcyon’s services and keyless decryption in a PoV and were able to recover critical systems and data (90% of files and 95% of infrastructure) within hours. We now have Halcyon deployed across our entire environment.
Midsize - Construction (Q3 2023)