Ransomware Risks in 2021

According to Enterprise Strategy Group [ESG] research, 70% of organizations have experienced an attempted ransomware attack in the last 12 months.

While ransomware attacks can have a devastating impact on operations as a whole, many organizations are concerned that their data could be infected or corrupted by such attacks. According to ESG, 80% of people are concerned about cyber attacks targeting data backups.

They’re right to be concerned. Research indicates that malicious deletion whether by internal or external actors is the top cause of SaaS data loss. Additionally, 22 percent of respondents cited service outages or unavailability as the top reason for data destruction or corruption. In either of these scenarios, ransomware attacks can be the source of the problem.

As ransomware attacks increase, SaaS protection has never been more important. In our webinar,  Ransomware Risks in 2021: Why You Need Better SaaS Protection Now, we give you info on how to protect your data. You’ll hear from Christophe Bertrand, an analyst at Enterprise Strategy Group and Backupify experts who will provide their insights on backup and security in the face of ransomware. Here’s a sneak peek of what you’ll learn in the webinar.

Why you need SaaS protection

Your organization’s SaaS data is critical to keeping it afloat. According to our data, 32% of an organization’s mission critical applications are SaaS applications. If the mission critical data stored in these applications is lost via a ransomware attack, it can bring operations at your organization to a grinding halt. However, many organizations are not aware that SaaS protection is their responsibility.

The problem with native applications

While SaaS application providers are committed to ensuring their services stay up and running, they’re not actually liable if a customer loses data during a disruption or outage. For this reason, SaaS protection relies solely on the consumer. That’s why many SaaS providers like Microsoft, actually recommend their customers regularly backup data with a third-party SaaS backup application or service.

How a third-party SaaS backup tool can help

Third-party SaaS backup solutions like Backupify add an extra layer of protection in the event of data loss caused by a ransomware attack. While SaaS providers strive to protect against things like hardware failure, software failure, power outages, and natural disasters, they don’t account for everything. Third-party SaaS backup solutions are equipped to handle human error, external hackers, and viruses or malware. These solutions have the ability to restore large data sets from point in time snapshots.

Make sure your SaaS applications are secure this summer, with exclusive insight from ESG & Backupify.