{"id":35083,"date":"2024-04-24T10:57:28","date_gmt":"2024-04-24T09:57:28","guid":{"rendered":"https:\/\/www.intelligentcio.com\/apac\/?p=35083"},"modified":"2024-05-15T16:12:26","modified_gmt":"2024-05-15T15:12:26","slug":"veeam-launches-most-complete-support-for-ransomware-with-acquisition-of-coveware","status":"publish","type":"post","link":"https:\/\/www.intelligentcio.com\/apac\/2024\/04\/24\/veeam-launches-most-complete-support-for-ransomware-with-acquisition-of-coveware\/","title":{"rendered":"Veeam launches most complete support for ransomware with acquisition of Coveware"},"content":{"rendered":"\n<p>Coveware by Veeam will bring industry-leading cyber-extortion incident response services and proactive enterprise preparedness to Veeam\u2019s existing ransomware protection and recovery capabilities.<\/p>\n\n\n\n<p>Veeam Software acquired Coveware, a leading provider in cyber-extortion incident response. It brings best-in-class ransomware recovery and first responder capabilities to further strengthen Veeam\u2019s radical resilience solutions for customers.<\/p>\n\n\n\n<p>Coveware by Veeam will continue to operate as usual, providing incident response services to victims of cyber extortion attacks as well as working proactively with enterprise customers on incident response preparedness. <\/p>\n\n\n\n<p>Since its founding in 2018, Coveware has helped thousands of cyber extortion victims and developed industry leading software and services that enable rapid forensic triage, extortion negotiation and remediation, cryptocurrency settlements and decryption services with a singular goal and outcome &#8211; data recovery from ransomware attacks.<\/p>\n\n\n\n<p>Through these incidents, Coveware has gathered data and insights on threat actor patterns that provide Coveware and Veeam with an unrivalled view of the current threat landscape.<\/p>\n\n\n\n<p>These valuable findings are shared with customers to help educate and reduce risks, improve security posture, and ensure rapid recovery.<\/p>\n\n\n\n<p>Select Coveware by Veeam capabilities will be incorporated into Veeam offerings including Veeam Data Platform and the Veeam Cyber Secure Program, delivering the insights and capabilities to a broader set of customers.<\/p>\n\n\n\n<p>\u201cIt\u2019s no longer a question of <em>when<\/em> your organisation is attacked, but <em>how often<\/em>. Seventy-six percent of organisations have been attacked over the past twelve months and addressing that cyber threat is critical for every enterprise,\u201d said Anand Eswaran, CEO, Veeam.<\/p>\n\n\n\n<p>\u201cIt\u2019s critical to ensure data is safe and protected, and when the worst happens businesses can recover quickly and safely. Coveware is already helping enterprises across the world improve their defense and if the worst happens, helping them recover. Combining those capabilities with Veeam\u2019s #1 data protection and ransomware recovery solutions, which are used by over 450,000 customers, creates the most complete set of cyber resilience capabilities available from one source.<\/p>\n\n\n\n<p>\u201cVeeam now provides enterprise customers with proactive threat intelligence that helps identify any security gaps with forensic triage and decryption, all combined with the capabilities of the market leader.\u201d<\/p>\n\n\n\n<p><strong>Coveware by Veeam<\/strong><\/p>\n\n\n\n<p>Coveware by Veeam will continue to be available to customers as a full-featured offering, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Fully automated technology that runs across the client\u2019s operational environment to perform forensic triage analysis which assesses any impact, identifies the ransomware (strain, threat actor group, entry point) and helps recover encrypted data from known ransomware groups \u2013 though nothing is as safe as secure, clean backups. The SaaS platform helps visualize the data and answer critical questions regarding any attack.<\/li>\n\n\n\n<li>A global team of cyber threat experts around the world who have worked with many of the world\u2019s largest companies to assess, prevent and recover from cyber-attacks.<\/li>\n\n\n\n<li>Access to continuously updated data on ransomware variants, attack vector analysis, attack footprints, and recovery options that enable better prevention and faster recovery.<\/li>\n<\/ul>\n\n\n\n<p>&#8220;Recovering from cyber incidents is extremely difficult,\u201d said Bill Siegel, CEO and co-founder,&nbsp; Coveware by Veeam.&nbsp; \u201cOur goal is to minimise the cost of disruption by providing best-in-class incident response tools and services.&nbsp; The threat intelligence gathered from our incident response work also benefits our proactive large enterprise clients \u2013 41% of which are in the Fortune 500 \u2013 reduce their risk and increase their resiliency.&#8221;<\/p>\n\n\n\n<p>CTO and co-founder of Coveware by Veeam, Alex Holdtman said: \u201cWorking as part of Veeam brings the distribution of these capabilities to many more customers around the world, which is an incredibly exciting opportunity for our entire team.\u201d<\/p>\n\n\n\n<p>Veeam will also incorporate elements of Coveware technology into the Veeam Data Platform and through the Veeam Cyber Secure Program, which provides customers with cyber protection and support including pre, during and post-support of cyber incidents and a $5 million warranty.<\/p>\n\n\n\n<p>&#8220;Many organisations with data backups still decide to pay the ransom,\u201d said Phil Goodwin, Research Vice President, IDC. \u201cOur research shows this is often because the backup did not include necessary system images for recovery.<\/p>\n\n\n\n<p>\u201cIn cases where the ransom was paid because the data backups were incomplete, 58% of respondents said backup system failures contributed to the problem.<\/p>\n\n\n\n<p>\u201cVeeam&#8217;s acquisition of Coveware can help organisations address these gaps. Coveware gives Veeam a more proactive stance toward cyber protection. Combining Veeam\u2019s backup capabilities with Coveware&#8217;s encryption-defeating technology should yield faster time-to-detection and faster time-to-recover, minimizing the impact of an attack.<\/p>\n\n\n\n<p>A recent IDC survey found that 70% of organisations reported they take days or weeks to recover from ransomware while the best-practice time-to-recovery is less than 24 hours.<\/p>\n\n\n\n<p>\u201cAdding Coveware&#8217;s technology to Veeam Data Platform and Veeam Cyber Secure Program gives Veeam customers interesting new technology and a range of options for rapid malware detection and recovery,\u201d said Goodwin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coveware by Veeam will bring industry-leading cyber-extortion incident response services and proactive enterprise preparedness to Veeam\u2019s existing ransomware protection and recovery capabilities. Veeam Software acquired Coveware, a leading provider in cyber-extortion incident response. It brings best-in-class ransomware recovery and first responder capabilities to further strengthen Veeam\u2019s radical resilience solutions for customers. Coveware by Veeam will [&hellip;]<\/p>\n","protected":false},"author":58,"featured_media":35084,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1463,3559,18,3571,1659,44],"tags":[6179,174,173],"class_list":["post-35083","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-apac","category-cybersecurity","category-enterprise-security","category-latam","category-north-america","category-top-stories","tag-coveware-by-veeam","tag-cybersecurity","tag-veeam"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/posts\/35083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/users\/58"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/comments?post=35083"}],"version-history":[{"count":3,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/posts\/35083\/revisions"}],"predecessor-version":[{"id":35701,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/posts\/35083\/revisions\/35701"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/media\/35084"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/media?parent=35083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/categories?post=35083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/tags?post=35083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}