“Ransomware is still the most devastating threat we see today,” said Candid Wuest, vice president of cybersecurity research at Acronis.
CRN: Hello everyone. Welcome to Acronis #CyberFit summit here in miami. I’m Diana Blass with CRN. Human error remains a major cause of cyberattacks, and ransomware damage is expected to reach $30 billion by 2023. To shed light on this research and the tools to prevent these attacks is Candid Wuest from Acronis.
Candid Wuest, Vice President, Cyber Protection Research: Ransomware is still the most devastating threat we see today. And of course it means that if you’re not protected, or if you just say, “I have backups,” that might not be enough, because you need to know how fast I can restore my backups, right? If it takes four days, you have backups, but that may not be good for your business. And of course a lot of ransomware is now stealing data, so it’s about data leaks, data leaks. That’s why we also launched our data loss prevention product at this summit.
CRN: Acronis Advanced DLP is fully integrated into the Acronis Cyber Protect Cloud. It extends the platform’s cybersecurity capabilities by preventing data leakage when the data is shared between users and moved across systems. Typically, DLP is an expensive solution to implement because it requires upfront work to define the sensitive information and then formulate detection rules. Acronis’ integrated approach has minimized this work for MSPs, many of whom have already seen the benefits of a consolidated platform.
Cramer Snuggs, [founder] of Cascade Technology says that thanks to Acronis, its customers have been without a breach for 365 days. Thank you for joining us.
Cramer Snuggs: Absolute.
CRN: And quite impressive.
cozy: Thank you. Thank you.
CRN: So what is it about Acronis solutions that have really prevented your customers from experiencing large-scale breaches?
cozy: I think it’s more about the single pane of glass that we keep talking about, where all of our solutions communicate back and forth with each other. So our antivirus and our active protections communicate with our backup and our disaster recovery platform. So I think just the overall reach of the Acronis platform and the number of different functionalities that we have has significantly reduced the risk that we see today.
CRN: To underscore the value of a platform approach to cybersecurity, Acronis discussed the portfolio of those under attack at its #CyberFit Summit.
Wuest: We surveyed and asked how many security solutions companies use in parallel, and 22 percent of respondents used more than 10 security solutions in parallel. So you have multiple suppliers, multiple invoices, probably training for the employees as well. So many things to do. And the attackers need just one of those mistakes and they’re in.
CRN: And they are ready to take advantage.
Bryan Grayeck, Director, Information, Cybersecurity, REDW: Every company we talked to that has been hacked or hacked loses anywhere from $60,000 to $80,000 to $100,000 or more, $1 million. It is not uncommon for a hacker to demand payment of a million dollars in Bitcoin before they release the information.
CRN: Finally, looking at the huge amount of money Acronis is now getting from investors and the innovation with a number of patents, how will the technology continue to evolve? What trends will Acronis really invest in?
Wuest: Oh, we have different threat patterns that we look at. And of course there are other avenues, Internet of Things, besides cyber, there will be so many devices in the coming years that need to be protected. And on the other hand, of course, more needs to be done to be faster on the internet, so that you can actually recover your business in a few hours instead of a few days. So we’re looking at all those different things, and some of it might come next year, some of it might not be until five years from now, but we want to be able to protect the things that you want to protect in the next five years.
CRN: For more coverage here of Acronis #CyberFit Summit in Miami, be sure to follow on CRN.com. Until next time, I’m Diana Blass.