According to The State of Ransomware 2021, the average ransom paid to hackers after an attack is $170,404. Meanwhile, the average cost of remediating a ransomware attack in 2021 was $1.85 million, which includes business downtime, lost business, operational costs, and more. Some enterprises are paying multi-million dollar ransoms, like the $4.4 million ransom that Colonial Pipelines paid in June 2021.
Corporations, enterprises, local, state, and government agencies, along with educational and medical institutions, are paying hefty ransoms because restoring their critical data from backups can be challenging and time-consuming, and the ransomware attack may have compromised their backups and disaster recovery solutions.
Cyber Recovery with Dell Technologies Cloud PowerProtect for Multi-cloud is a secure data vaulting service that provides peace of mind for attacks like these. The cyber vault is located in a Faction cloud location that provides an air-gapped vault and immutable copies, plus optional machine learning to detect potential issues, all built on a secure multi-cloud-enabled infrastructure.