Advances in artificial intelligence (AI) are making cyberspace increasingly dangerous. AI-powered malicious actors are targeting businesses with increasingly sophisticated schemes.
For chief information security officers (CISOs), the number one cyber threat is ransomware. Seizing an organization’s data and finances and holding them hostage is not a new tactic, but ransomware can now be weaponized with AI to find weaknesses with terrifying efficiency, spread, and mutate in real time. I did.
The shift to hybrid and remote work and the increased amount of data distributed across multiple environments are making businesses more vulnerable to ransomware than ever before. Tight budgets, a lack of internal alignment, and an outdated approach focused primarily on perimeter security leave most organizations unprepared to defend against growing cyber threats.
And the stakes couldn’t be higher. Failure to protect sensitive data can lead to huge financial losses, reputational damage, and even jeopardize the survival of your organization.
Today’s AI-driven ransomware threats require an AI-driven response, a cloud-based, AI-powered solution focused on detection, security, and recovery, regardless of where the data is stored.
evolving threat
Cybercrime harms businesses by: 10 billion dollars The U.S. could reach this number last year. $10.5 trillion Ransomware alone is expected to cost victims approximately $265 billion annually by 2031. That’s a staggering 815 times the $325 million his organization spent on ransomware in 2015. Cyber security venture Estimate.
The average cost of a data breach has been reached It will reach a record high of $4.45 million in 2023.an increase of 15.3% compared to 2020 costs, according to IBM.
Ransomware continually evolves, creating challenges in tracking rapidly emerging variants.
For organizations under attack, ransomware poses a frightening dilemma. By complying with cybercriminals’ demands, you may be able to recover your organization’s most valuable possession, your data, but you will also become a prime target for secondary attacks.
With the advent of generative AI, malicious adversaries can attack with incredible speed, complexity, and adaptability using technology that can operate autonomously and rapidly probe every corner of a company’s data infrastructure for vulnerabilities. Now you can execute your ransomware plan. Hybrid work environments and accelerating data sprawl make it even more difficult to protect critical data and provide uninterrupted service.
Organizations are struggling to keep up with these changing and growing cybersecurity threats. Companies often devote limited resources to cybersecurity, prioritizing cost reduction and growth instead. Tackling this issue can be difficult, as IT departments often operate separately from security teams and struggle to get buy-in from other stakeholders.
This approach is dangerous. Mission-critical backup data for any company can be exposed to ransomware, and ransomware is increasingly targeting backup environments. It also compromises the last and most important line of defense against AI-driven ransomware: your recovery environment. No amount of infrastructure security can replace recovery. It must be protected at all costs.
Modern approaches to ransomware attacks
To protect against today’s cyber threats, enterprises need multi-layered, AI-powered solutions that combine security and recovery across cloud, on-premises, and SaaS workloads. Security leaders need software that provides a “single pane of glass” across all production and backup environments, rather than stitching together multi-point solutions.
Effective tools must be proactive, using AI capabilities to predict risk and reduce the damage from a breach, while quickly getting the attacked business back up and running. Tools that can detect threats and prioritize recovery within five minutes of a breach can increase return on investment (ROI) and reduce total cost of ownership.
Backup data must always be kept safe and quickly recoverable. AI is a key enabler in achieving this level of security because it is proactive rather than reactive, continuously monitoring and identifying new threats to data, and accelerating recovery after an attack.
dynamic data security
Defending against ransomware and other cyber-attacks is an inevitable aspect of doing business today. Traditional solutions leave businesses vulnerable as cybercriminals rely on their AI capabilities to exploit security gaps. Organizations need tools to help them outwit attackers.
Modern cyber recovery solutions use machine learning, automation, and AI to detect incoming threats and proactively ensure data is safely and quickly recovered in any environment. These solutions protect against today’s AI-enhanced threats, are built with scalability and rapid AI evolution in mind, and protect your organization from the advanced AI-driven threats of tomorrow.
See how Commvault harnesses the power of AI to deliver cyber resilience to hybrid enterprises.