One important point is that when data is recovered, it must also be analyzed and cleaned so as not to reinstate the initial cause of the breach, which can then cause another ransom event. The best approach is to have a proven and tested backup and recovery strategy that can quickly restore the organization’s information and get things back to normal operations.ĭuring her time on stage, New Orleans’ LaGrue talked about how, by using Veeam, the city can now recover its full data set in a day or two, removing any advantage a fraudster may have when seeking a ransom payment. Relying on insurance is becoming increasingly expensive, which may only be a viable route for a short while longer. Other organizations may choose not to pay and deal with the consequences when it happens.Īt the event, Veeam released its ransomware report, which showed that insurance companies paid 77% of ransoms, but 74% of companies saw an increase in premiums, and 43% saw their deductible go up. Others may keep Bitcoin on hand to pay the ransom when their organization is hit. Some companies have a policy to pay it, particularly if they have good insurance. How to handle ransomware? That is certainly the question for many organizations today. I asked her post-keynote why she chose Veeam, and she said that the operator console was easy to use and intuitive, making recovering files fast and easy.ĭuring his keynote, Veeam CEO Anand Eswaran cited an IDC study that found that Veeam recovers data from AWS, Azure, and GCP 5x faster than any other solution, and that translates into significant operations savings as well as better business continuity.Īlso see: Top Cloud Service Providers and Companies Backup and Recovery Combats Ransomware Veeam CTO Danny Allan echoed this during his keynote when he stated that backup was pointless without the ability to recover, and Veeam does that better than anyone.Īt the event, Kim LaGrue, CIO of the City of New Orleans, talked about her experience with Veeam. I’ve often said that this industry is filled with vendors that do a great job of backing up data, but the recovery process is slow and error-prone. While Veeam does have a leg up in several areas, such as Kubernetes, its big differentiator is that the product is easy to use, particularly in data recovery. Like many vendors, if one asks Veeam about its differentiators, you’ll likely get a laundry list of technical advantages. Below are my top five takeaways from the show.Īlso see: Top Digital Transformation Companies Simplicity Wins Given the struggles organizations have with backup and recovery, there is lots of room for innovation, so I was looking forward to what Veeam had in store for the show. Still, it remains important as data remains the lifeblood of companies.ĭigital transformation, AI, customer experience, collaboration, and other trends have one thing in common: they rely on the organization’s effective data backup and recovery strategy – a critical process that most companies do not do well. But in the second half of 2022, Veeam experienced 8.1% YoY growth while Dell shrank 2%, putting Veeam in the pole position.īackup and recovery certainly doesn’t have the same sex appeal and sizzle as some other technology categories, such as AI or collaboration. At VeeamON 2022, IDC predicted Dell would be fractions of a percentage point ahead of Veeam. This is also the first year that Veeam will be hosting the event as the backup and recovery market leader. Headcount this year topped 16,000 people, an impressive number for a company not even two decades old. This is the 9 th year that Veeam has held the event, and attendance has steadily grown as Veeam’s customer base has enlarged. This week Veeam is holding its annual user event, VeeamON, in Miami, FL.
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