Table of Contents
- The State of Ransomware
- Bad to Worse
- A Gap in Current Solutions
- Ransomware Response and Reversal
- Ransomware Encryption
- Nubeva's Approach
- Operating Modes
- R3 Product Overview
- Why R3?
Why is This Technology Vital? - Ransomware is a Leading Global Threat.
Ransomware is an ever-growing threat to thousands of organizations and businesses worldwide. The US has been experiencing 4000+ attacks every day for several years, and the damages are growing exponentially. In 2015, it is reported that ransomware attacks caused $325 million in damages, and that amount increased to $5 billion by 2017 and $20 billion in 2021.
The threat shows no mercy, targeting businesses, organizations, and governments of all sizes. The median ransom in 2021 averaged $170K and the rise of mega-ransoms hit an all-time high at $40 million.
Nubeva Helps Organizations Solve for the Shocking Cost of Recovery
The big cost to companies and businesses comes during the recovery phase of ransomware attacks. As reported by Forbes, the current average cost to recover from a ransomware attack is $2 million, making the cost 10X the price of the ransom itself. While it is encouraged never to pay the ransom, upwards of 70% of victims end up paying the criminals with the hopes of recovering.
