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What Executives Should Know About Ransomware
Educating executive leaders on mitigating the risks of ransomware in the digital era
What's Inside?
In today's digital age, businesses have become entirely reliant on technology to streamline operations, enhance productivity, and connect with customers. While these advancements have undoubtedly brought numerous benefits, they have also opened the door to a growing threat: ransomware attacks.
The cost to victims from ransomware attacks is estimated to reach $265 billion (USD) annually by 2031. The rapid growth of ransomware attacks has made this cyber threat a top concern for businesses and organizations worldwide. The volume of attacks surged in 2023 by 55.5% year-over-year, with 4,368 cases documented cases, with only a fraction of all attacks being reported.
As an executive, it is crucial to understand the potential impact of disruptive cyber-attacks on your business and take proactive steps to mitigate them. In the past few years, the role of the CISO has seen increased scrutiny as some in the role have faced legal challenges as data loss associated with ransomware attacks have continued to impact large organizations and their customer base.
In this reference guide, we'll explore what each C-level executive should know about ransomware in order to ensure a strong security posture and protect their organization.
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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)