Sunnyvale, Calif., July 28, 2021 – StorCentric, provider of the world’s most comprehensive real world-proven portfolio of secure data management solutions, today announced it has achieved record growth across virtually every industry vertical, geography and size of customer (i.e., SMB to enterprise) as ransomware protection has taken the lead as a key business priority, around the world. StorCentric today reported a 130% bookings growth in ransomware solutions for the same period year-over-year and 50 new specialized channel partners added, since Q2 of 2020, in addition to a 240% pipeline growth quarter-over-quarter for Q3 2021 for the Nexsan Unbreakable Backup solution.
According to Bitdefender’s 2020 Consumer Threat Landscape Report, which provides an overview of the evolution of threats year-over-year and on a quarterly basis, reported that ransomware attacks increased by a staggering 485% in 2020 compared to 2019. And, according to PurpleSec, the estimated cost of ransomware attacks was $20 billion in 2020, up from $11.5 billion in 2019, and $8 billion in 2018. 2021 is already shaping up to be the worst year yet, with “ransomware as a service” such as REvil and NetWalker, as well as other new entrants like Conti, becoming increasingly available, intelligent, aggressive, expensive and public.
“The percentage of victims that submit a ransom payment and then, either don’t get their data back, get some data back but it is corrupted and/or experience another attack soon after from the exact same cybercriminals is climbing rapidly,” said Mike Lutz, General Manager, Image One Corporation. “This combined with the almost irreparable damage being done to reputations, payments being made into the millions and increasing regularity of lawsuits, makes it clear why ransomware has climbed to the top of the priority list across federal, state and local government and general commercial sectors.” He continued, “The Nexsan Unbreakable Backup provides our clients with an invaluable solution for ensuring that their data is protected so they can avoid becoming a statistic.”
“Nexsan’s Unbreakable Backup doesn’t require replacing current infrastructures because they are vendor neutral,” said Luke Wilke, Account Manager, Trilogy Innovations. “This is highly appealing to our clients as they can ensure ransomware protection, while safeguarding their other investments. Nexsan Assureon has a solid 15-year history of recovering and protecting data, this speaks volumes to their dedication to customers.”
“Over this past year, the work from home (WFH) paradigm helped to drive the increase in ransomware success. One reason was that the virtual overnight shift to WFH left many organizations scrambling to provide secure data access and communication, which was many times easier said than done. The other less talked about reason was that there was a population of skilled IT professionals that could now stay home without anyone looking over their shoulders and took-on cybercrime as their side-gig. Or, for some that lost their jobs and now had time on their hands, they found that they could potentially make millions from cybercrime,” said Charles Burger, Director of Assureon Cybersecurity Solutions at Nexsan, a StorCentric Company.
“Cybersecurity is a top business priority for StorCentric solutions. Ransomware schemes continue to evolve and grow, this includes ransomware as a service (RaaS). Cyber criminals retain this service to attack companies on their behalf – with the RaaS keeping a percentage of the ransom payment for themselves,” said Mihir Shah, CEO, StorCentric. “The truth is, you can do everything right to protect against cybersecurity threats, but chances are security breaches will happen. Ransomware hits organizations – whether they know it or not – thousands of times every day.”
StorCentric offers the most robust, end-to-end ransomware protection solutions in the industry, recognizing that today, it’s not enough to just protect your data from ransomware, you must be able to recover should you fall victim to a successful attack. Solutions include:
StorCentric provides world-class, award-winning, and security focused data management solutions. Between its Drobo, Nexsan, Retrospect, Vexata and Violin Systems divisions, the company has shipped over 1M storage solutions and has won over 100 awards for technology innovation and service excellence. StorCentric innovation is centered around customers and their specific data requirements, and delivers quality solutions with unprecedented flexibility, data protection, performance and expandability. For further information, please visit: www.storcentric.com.