28 March 2018
Press release

Acronis Warns about Worst Year for Data Loss Incidents and Cyber-attacks, Urges Immediate Action to Prepare

Nearly two thirds of people surveyed have not heard of ransomware and are not prepared to the new sophisticated attacks; damages predicted to cost the world $11.5 billion in the next twelve months, which can only be mitigated through public education campaigns and innovative data protection solutions

London, UK, 28th March 2018 - Ahead of World Backup Day on 31st March, Acronis expects 2018 to be the worst year for cyber-attacks and data loss incidents due to more sophisticated attacks, growing ransomware families and low awareness of ransomware among users. According to a new data protection survey commissioned by Acronis, over 60 percent of respondents have never heard of ransomware, an expensive attack that is predicted to cost more than $11 billion in 2019, up from $5 billion last year. In 2017, the number of ransomware variants increased by 46 percent, making prevention and detection more challenging. Security experts expect the cyber threat to keep growing, with ransomware attacking a business every 14 seconds in the next two years, up from 40 seconds this year, and it does include attacks individuals, which are much more frequent. Acronis warns that only a high-quality, secure backup solution that integrates proactive protection against ransomware can prevent data loss and protect devices.

Without the understanding of what ransomware is, and how to prevent being a victim of this cyber-attack, the cost to people and businesses will only increase. Ransomware criminals have perfected their social engineering skills and continue to take advantage of security flaws that bypass traditional anti-virus software, which is unable to detect such attacks. According to the Ponemon Institute, 69 percent of organisations don't believe their antivirus can stop the threats they're seeing. In addition, because cybercriminals recognise how effective backup is at thwarting their attacks, many new strains of ransomware now target backup files and backup software. 62 percent of survey respondents didn't know that ransomware can encrypt files and backups. Even more staggering, 33 percent reported that they don't back up their data. Only secure backup solutions, such as Acronis Backup and Acronis True Image, which include an AI-based active protection defence against ransomware, are capable of detecting and blocking these sophisticated attacks.

"Ransomware attacks have made headlines over the past year. Yet despite the growing number attacks, the awareness of the problem and the importance of preventing the attacks seem to be slowing down," said John Zanni, president of Acronis. "Awareness to help people realise the importance of securely backing up and protecting data needs to grow. As part of our 15th anniversary, we're committed to helping people protect their data, no matter where it resides."

"Ransomware is a silent killer of all exposed information worldwide. The recent rounds of ransomware attacks proved that businesses and institutions across the globe underestimated this growing threat. The biggest concern is that those affected are willing to pay ransom rather than proactively protect their systems and devises. However this growing threat forced companies, like Acronis, to develop innovative technologies and help companies and users all over the world fight ransomware attacks", comments Robert Westervelt, Research Director, Security Products, IDC.

Earlier this month, Acronis completed a consumer survey regarding data protection, polling the general internet population in seven different countries, including the US, UK, Australia, Germany, Spain, France and Japan. Additional results include:

  • Nearly 39 percent of the respondents have four or more devices in their household, meaning more end points and data to protect
  • Over 29 percent of the respondents experienced data loss

Preparing for cyber-attacks with Acronis Active Protection

As a response to the growing ransomware epidemic, Acronis enhanced its backup solutions with innovative new anti-ransomware technology. Debuted in January 2017, Acronis Active Protection™ actively defends both user files and their backups by identifying and blocking ransomware attacks in real-time. In the last twelve months, Acronis Active Protection stopped 200,000 attacks across 180,000 consumer devices. Acronis also introduced Acronis Active Protection Free, an additional level of defence that can be used together with other data protection solutions, such as anti-virus and backup software from other vendors. It monitors system processes in real-time to automatically detect and stop the attacks other solutions can't. In event of a ransomware attack, Acronis Ransomware Protection blocks the malicious process and notifies the user with a popup. If any files were damaged in the attack, it facilitates the instant recovery of those affected files.

Advice for World Backup Day

Acronis offers four easy steps to protect data:

  • Always have a backup of your important data. Store your data locally and in the cloud.
  • Keep your operating system and software up to date. It will block cybercriminals from entering your system through any known security holes.
  • Be mindful of suspicious email, links, and attachments. The most effective infiltration method used by ransomware criminals is getting users to open infected email attachments and to click on links to malicious websites.
  • Install antivirus software on your computer and enable automatic signature updates. If you are on a PC, make sure your Windows Defender is enabled and is up to date.

Find out more how you can protect your data at https://www.acronis.com/en-us/promo/world-backup-day/

About Acronis:

Acronis is a global cyber protection company that provides natively integrated cybersecurity, data protection, and endpoint management for managed service providers (MSPs), small and medium businesses (SMBs), and enterprise IT departments. Acronis solutions are highly efficient and designed to identify, prevent, detect, respond, remediate, and recover from modern cyberthreats with minimal downtime, ensuring data integrity and business continuity. Acronis offers the most comprehensive security solution on the market for MSPs with its unique ability to meet the needs of diverse and distributed IT environments.

A Swiss company founded in Singapore in 2003, Acronis has 15 offices worldwide and employees in 50+ countries. Acronis Cyber Protect is available in 26 languages in 150 countries and is used by over 20,000 service providers to protect over 750,000 businesses. Learn more at www.acronis.com.
Press contacts:
Katya Turtseva
VP of Communications