Veeam Inc. today announced that it has acquired incident response firm Coveware Inc. for an undisclosed price. The new offering that results from the acquisition — Coveware by Veeam — will operate independently initially, but the company will integrate elements over time. Dave Russell, vice president of strategy at Veeam, gave me a preview of the announcement.

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Veeam acquires Coveware to bolster its ransomware incident response capabilities

When faced with a ransomware attack, organizations and government agencies need to have robust protocols in place to respond quickly. The importance of regular and secure backups cannot be overstated. The City of New Orleans learned this lesson firsthand during a complex and time-consuming backup and recovery process following a ransomware attack.

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How Veeam Helped New Orleans Fight Ransomware

Veeam used its annual user event, VeeamON, in Miami this week to release the results of some research on ransomware highlighting some alarming statistics that raise concerns for businesses of all sizes. Veeam is a backup and recovery company, so one might wonder why it’s releasing research in cyber security.

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Veeam: Ransomware keeps rising, and paying fraudsters is still not the right approach

Ransomware is on the rise and it’s coming from multiple sources. Additionally, whether the goal is to collect ransom for data or disrupt a company’s supply chain, these attacks are growing in sophistication.

Zscaler is a security company that closely follows existing and emerging cyberthreats. Zscaler’s Zero Trust Exchange is a security cloud that processes more than 200 billion transactions and 150 million blocked attacks daily. This integrated platform of services protects users and workloads using zero trust, which involves applying security policies to control access.

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Zscaler Uses Integrated Platform to Combat Ransomware

Ransomware attacks have grown by 80% year-over-year, as they continue to evolve in tactics and scope.

The findings come from Zscaler Inc.’s newly released ThreatLabz 2022 Ransomware Report, which uncovered a record number of attacks that have increased both in volume and the cost of damages.

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New Zscaler report finds ransomware continues to run amok