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White Paper Published By: Carbonite
Published:  Apr 09, 2018
Type:  White Paper
Length:  19 pages

Malware that encrypts a victim’s data until the
extortionist’s demands are met is one of the
most common forms of cybercrime. And the
prevalence of ransomware attacks continues
to increase. Cybercriminals are now using
more than 50 different forms of ransomware
to target and extort money from unsuspecting
individuals and businesses.
Ransomware attacks are pervasive. More than
4,000 ransomware attacks happen every day,
and the volume of attacks is increasing at a
rate of 300 percent annually.1 According to an
IDT911 study, 84 percent of small and midsize
businesses will not meet or report ransomware
No one is safe from ransomware, as it attacks
enterprises and SMBs, government agencies,
and individuals indiscriminately. While
ransomware demands more than doubled in
2016 to $679 from $294 in 2015, the cost of
remediating the damage and lost productivity
is many multiples higher.3 Ransomware is the
equivalent of catastrophic data loss, except 

that all the data remains on your systems –
rendered unusable.
Businesses – particularly SMBs that have limited
resources – are struggling to cope with the
ransomware threat. Carbonite’s data backup
and recovery services are great for regaining
access to data after a compromise, but they
don’t help mitigate the potential for ransomware
attacks. For that, your business needs a
comprehensive approach to safeguarding
devices and networks against ransomware,
with backup and disaster recovery as the safety
net – the last, best solution for recovery after
data is corrupted.

In this special guide, we’ll detail
the ransomware problem –
how it works and what it does
to corrupt data, how you can
help reduce your exposure to
ransomware attacks, and how Carbonite and
EVault’s market-leading backup and recovery
solutions give you peace of mind.

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