Building Ransomware Resilience in the Energy Industry

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By 2031 a business will fall victim to a ransomware attack every two seconds—and these will cost victims US$265 billion annually, making ransomware the fastest-growing type of cybercrime. And when an energy company is attacked, it’s not just their data that goes down—it's a pipeline, energy grid, refinery—or the entire business.

Ransomware skyrocked in the first 6 months of 2021, with over 307 million attempted attacks surpassing 2020 total year numbers, with 78 million occurring in June 2021 alone. This has led to an average payment of US$300K, with the total financial impact brought upon businesses 10 times greater—and that’s not even including downtime costs, which can be millions an hour. It’s therefore critical for IT teams to realize that true ransomware resilience can’t be achieved by endpoint security alone.

The potential damage wreaked on the energy industry by ransomware attacks is simply too great to risk such an approach. But that’s where Veritas comes in.

In this white paper you will:

  • learn how to protect your IT systems and maintain data integrity
  • understand the Veritas solutions that will help you detect system abnormalities by monitoring and mitigating threats
  • determine which of our recover options best suits your needs so you can apply it to your specific environment.