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Submitted by on Tue, 10/05/2021 - 05:55

Egnyte Empowers Companies of all Sizes to Fight Back Against Ransomware

New platform capabilities protect content against thousands of ransomware variants and enable rapid recovery when files are infected

MOUNTAIN VIEW, CA. (October 05, 2021)

Today, Egnyte, a leader in cloud content security and governance, announced new offerings designed to enable companies of all sizes to defend against the increasing threats of ransomware attacks. These solutions add to Egnyte’s growing list of security and governance capabilities that equip companies of all sizes to manage the multitude of data risks associated with their digital content.

Ransomware attacks, which prey on companies’ digital files, have been increasing in scale, sophistication, and frequency since the start of the COVID-19 pandemic. And, according to Egnyte’s latest Data Governance Trends Report, mid-sized businesses with 100 to 1,000 employees are struggling with ransomware the most: 66% of them reported being underprepared for an attack, as compared to 31% of larger enterprises (1,000+ employees).

“The combination of remote work scenarios, rogue cryptocurrency exchanges, and the growing sophistication of ransomware gangs have unleashed a perfect storm for ransomware threats that is wreaking havoc on small- and mid-sized businesses,” said Rajesh Ram, Co-Founder and Chief Experience Officer of Egnyte. “In this new environment, standalone file storage solutions are a dangerous lightning rod. That’s why Egnyte is now making ransomware protection standard with every one of its platform plan offerings.”

Egnyte’s Ransomware Protection solution can detect more than 2,000 ransomware signatures, detect threats immediately, and automatically alert admins of the infected endpoint. New signatures are crowdsourced daily, ensuring the most up-to-date protections are available. Previously reserved only for Enterprise plan customers, Ransomware Protection is now also part of Egnyte’s entry-level Business Plan (which starts at only $20 per user per month).

Additionally, because ransomware protection cannot prevent every possible attack, Egnyte is also announcing the addition of a Ransomware Recovery solution as part of its Enterprise package. The recovery capability allows customers to “look back” at previous file snapshots to determine at which point ransomware infected a file and restore data to that point with a single click.

“Even if you don’t pay the ransom, the typical attack costs companies 21 days of downtime while you seek to isolate the infected files, determine the type of attack, and ultimately recover your content,” said Kris Lahiri,Co-Founder and Chief Security Officer, Egnyte. “Egnyte’s snapshot-based recovery means you can recover in a matter of hours, not weeks, and avoid the significant reputational and financial losses often associated with longer recovery times.”

“The digitally-enabled workforce has fundamentally changed how we manage and secure content,” said Holly Muscolino, Research Vice President, Content Strategies and the Future of Work, IDC. “Organizations may need more from vendors, including ransomware protection, integrations to third-party repositories, both on-premises and in the cloud, for unified data management, as well as ways to share confidential information securely without the fear of data leakage or manipulation. Egnyte’s new product enhancements position them as a top choice for organizations with multicloud environments and a decentralized workforce.”

These platform enhancements were among several product announcements made today at the Egnyte Exchange Global Summit during the opening keynote session.

If you have additional questions about Egnyte's ransomware detection capabilities, please reach out to your Egnyte representative.

ABOUT EGNYTE

Egnyte is the secure multi-cloud platform for content security and governance that enables organizations to better protect and collaborate on their most valuable content. Established in 2007, Egnyte has democratized cloud content security for more than 17,000 organizations, helping customers improve data security, maintain compliance, prevent and detect ransomware threats, and boost employee productivity on any app, any cloud, anywhere. For more information, visit www.egnyte.com.


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