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

SCHAFFHAUSEN, Switzerland, 28^th March 2018 - Ahead of World Backup Day on 31^st 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 15^th 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:

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.

Acronis offers four easy steps to protect data:

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