A recent study conducted among 700 global companies found that the price of recovering from a cyber-catastrophe is about 330,000 dollars on average. Oded Shahar, CEO of DataBank: “The solution for protecting data is a combination of a cyber SOC that performs 24/7 monitoring of clients and is connected to backup and data recovery solutions.”
A recent survey conducted by Irdeto Global among 700 international companies found that 90% of companies in the field of IoT have been exposed to some form of cyber-attack over the past year. Organizations in the fields of transport, health and industry have experienced the worst of the attacks, with an especially high price tag on recovery and loss: about 330,000 on average per company.
Revolutions such as the internet, mobile, the IoT and others on the way continue to change the way in which we communicate and do business. But the increasing use of innovative technology has also led to a leap in the number of cyber attacks carried out by hackers, and is a significant headache for company executives.
“Surprisingly, many companies that invest in advanced applications still have trouble finding the correct strategy for prevention and protection of their software from break-ins or data loss,” says Oded Shahar, CEO of DataBank, which provides an array of solutions for data protection, backup, and disaster recovery. According to him, only 7% of companies report that they are protected from future cyber-attacks. The problem is that many executives still believe in “it won’t happen to me”.
What threats are currently jeopardizing companies?
“There are four major risks threatening organizational data: business espionage and data leaks, paralyzing the organization’s activity, demands for ransom, and internal damage. According to a study conducted by DataBank combining data from leading international information security companies, 53% of software attacks are external, and 47% come from inside. Some organizations are attacked without knowing that such an operation took place. These are numbers that information security executives should memorize and pay closer attention to.
“It’s important to realize that damage to data is not only about business espionage or theft of information,” Shahar stresses. A company CEO who cannot respond to emails because his account has been disabled or the disconnection of other executives from company systems may cause a severe amount of damage. In such a case, the risk is not breaking in and stealing information, but its being inaccessible. Thus for instance, this March the motor vehicle giant Tesla sued its former Chief Development Engineer for causing damage to the company’s data. According to the news, for 18 months the engineer had been deleting information on new developments from company servers, leading to many delays and the compromise of the innovation led by the company.”
So what is the solution to all these dangers?
“A sophisticate security system that knows how to monitor the transfer of information outside and within the organization would have identified this activity in real time and sent an alert,” Shahar explains. “There has to be a system that gather cyber intelligence on potential risk from external sources, along with a log monitoring system – a SIEM system that collects information on all attacks on the organization, and when identifying them, alerts the cyber specialists so they can prevent it.” All companies need an overall solution similar to a ‘control tower’ to monitor incoming or outgoing risks. This solution knows how to work as quickly and correctly as possible in times of emergency to bring the company back to its routine activity.”
To this end DataBank has recently launched a SIEM-SOC (Security operations center) in addition to the data recovery and backup services it has provided to thousands of companies since its establishment. According to this announcement DataBank will provide end-to-end data protection solutions through a multilayered defense array including: alerts and data security to prevent penetration by hostile entities, data storage through backup on physical and digital means at a secured location, and backup and data recovery services (DR). Our services and solution work as a ‘control tower’ that provides 24/7 monitoring of clients with three layers of protection. That’s our distinction from other solutions on the market,” Shahar says, and adds: “DataBank is the only company that provides security solutions that warn and prevent various threats and also stores information to provide a solution in case of disaster.”
How does your ‘control tower’ work?
According to Shahar, the SIEM SOC system identifies and alerts to a variety of security risks. “When there’s a real-time alert, the compromised computers can be disconnected to prevent the attack from spreading,” Shahar explains, “we get intelligence from SIEM SOCs around the world, which help us understand the existing risks and use that information to prevent attacks.”
“Besides the SIEM SOC the two additional layers are Data Recovery services, which allow the company to resume its activity quickly after a server collapse or a voluntary disconnect resulting from a cyber-attack; and backup – the third player. “We have a backup system on cloud, but also physical backup on tapes outside the organization. Tapes allow quick restoration and recovery even when the virtual backup and company servers fail.”
DataBank provides a comprehensive set of end-to-end solutions for the protection of any organization’s most crucial asset – its data. A diverse variety of solutions help us protect your data, from SIEM-SOC services that alert and remove threats, management of backup on private cloud as well as conversion to tape and physical memory, to Data Recovery solutions.
DataBank allows organizations in Israel and worldwide to protect their data on premises or on the cloud in a secured and managed environment, and in case of disaster, to “restart” the business. The array of solutions and services includes: Backup as a Service (BaaS) – Cloud backup services; Disaster Recovery as a Service (DRaaS) – Recovery from disaster on cloud, virtual and physical hosting, and managed cloud as well as data recovery services on a daily basis and in real-time.
DataBank was founded in 2002 and is currently entrusted with the protection of over 1000 companies in Israel. Among our clients are economy leaders in all sectors – banks, insurance companies, hi-tech, industry, government organizations, accounting firms, legal firms, and international corporations.
For further details visit: https://databank.co.il/en