All these days we have seen news about ransomware attacks on companies, the amount they spent to recover from a file encrypting malware incident, their business downtime, stolen data, business loss and all such stories. But now, we have brought to you a news piece that details about a company that offers a $5 million ransomware warranty for storing data on Microsoft Azure Cloud.
Rubrik, a company that offers data storage appliances, made it official that it will pay up to $5 million to victims who suffered a ransomware attack on data stored on its appliances integrated to Azure cloud.
Meaning, those who are using Azure cloud via Rubrik’s Cloud Vault Technology will receive a refund that can buy back data access from the hackers.
In simple terms, the victim who is using Rubrik Cloud Vault need not pay any ransom, thus saving costs, just in case anything unfortunate takes place.
Since May 2021, International Data Corporation came up with a review that cloud service providers, especially those involved in storage business, are on the verge of being attacked by ransomware groups.
So, currently, offering cloud storage with a warranty to protect against ransomware attacks makes complete sense. As it gives a kind of confidence to corporate heads interested in inducting cloud culture into their Information Technology ecosystem.
And offering all such customers the privilege to pay $5m as recovery costs will act as an icing on a cake….isn’t it?
