A perspective by Ripu Bajwa, Director & General Manager, Data Protection Solutions, Dell Technologies India.
In today's interconnected world, cyber-attacks are a growing risk for businesses of all sizes. Ransomware, in particular, has become a favored tool for attackers, leaving organizations scrambling to recover their critical data and systems. According to a report, 78% of organizations in India were hit hard by ransomware in the year 2022[1]. And the global cost of cybercrime is projected to reach $10.5 trillion by 2025[2]. All these make it even more essential for organizations to have a well-crafted cyber recovery strategy to avoid incurring high costs and increase the business's overall resiliency to mitigate risks.
As India continues to undergo rapid digital transformation, the threat landscape in the country has become increasingly complex. So, it becomes crucial for Indian organizations to rethink their cyber recovery strategy by leveraging the latest intelligent tools and solutions to detect and defend against cyber threats.
Delving deeper into the rising security concerns for businesses - Gartner Security & Risk Management Summit.
The modern CXO is tasked with the responsibility of building a roadmap for a secure future for their business. The recent Gartner Security & Risk Management Summit highlighted the challenges that leaders face in terms of cyber threats.
In the last 2 days at the event, we received an overwhelming response from CXOs in our cyber recovery and business resiliency approach for organizations. We were able to discuss CXOs’ cybersecurity roadblocks along with helping them assess the current status of their cyber recovery strategy. The security assessment at our booth gave them a panoramic view of the threat landscape and helped them expound on how Dell is poised with modern and intelligent solutions to help these CXOs in isolating critical data, identifying suspicious activity, and accelerating data recovery - allowing them to build strategies to quickly resume normal business operations.
Building an effective cyber recovery strategy
Implementing a cybersecurity program can improve an organization's ability to minimize disruptions to essential business operations in the event of a cyberattack. Organizations must build a comprehensive strategy across five key functional areas to achieve this goal.
- Identification: Analyze which elements need to be protected
- Protection: Ascertain the tools needed along with their implementation
- Detection: Establish strategies and implement actions to detect potential cybersecurity breaches promptly and accurately
- Response: Develop a plan for communicating, analyzing, mitigating, and making improvements in response to a cybersecurity breach
- Recovery: Create recovery plans that encompass improvement alternatives and comprehensive communication
Dell Technologies, securing the future
At Dell Technologies, we innovate solutions to help organizations safeguard and build effective recovery strategies. To minimize the impact of cyberattacks on businesses and enhance data protection, it is important to modernize and streamline recovery and business continuity plans.
Our integrated solutions are tailored to suit dynamic business needs. These solutions work towards providing a more cyber-resilient approach.
Dell PowerProtect Cyber Recovery brings forth next-gen strategies, cutting-edge solutions, and unparalleled services to facilitate rapid recovery from a ransomware attack. It enables businesses to isolate crucial data, detect anomalous activity, and expedite data restoration, all without interruption.
Key features of the Dell PowerProtect Cyber Recovery portfolio:
- Cyber Recovery Vault offers several layers of protection to ensure resilience against cyberattacks, including insider threats. Critical data is physically isolated within a secure part of the data center, away from the attack surface, and can only be accessed using separate security credentials and multi-factor authentication
- Cyber Sense provides an integrated solution with an added layer of protection to help find data corruption
- Recovery and Remediation are integrated with the incident response process
- Solution Planning and Design portfolio generates recovery prerequisites and proposes design alternatives. It also identifies the appropriate technologies for data analysis, hosting, and protection, along with a business case and implementation timeline
By prioritizing business continuity and resilience, organizations can establish themselves as leaders in their industry and maintain their competitive edge in an increasingly unpredictable business environment.
Links
[1] https://www.crn.in/columns/4-cybersecurity-trends-to-watch-out-for-in-2023/
[2] https://www.dqindia.com/most-dangerous-cyber-security-threats-in-2023/
[3] https://www.frost.com/frost-perspectives/india-2023-top-5-trends-to-watch-in-cybersecurity/
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