Wave Systems Corp. (fka WAVXQ)

[Genz2]

Ransomware mentioned in 1,000+ SEC filings over the past year

https://www.zdnet.com/article/ransomware-mentioned-in-1000-sec-filings-over-the-past-year/?ftag=COS-05-10aaa0g&taid=5eaf623de21434000196c27b&utm_campaign=trueAnthem%3A+Trending+Content&utm_medium=trueAnthem&utm_source=twitter

A growing number of public companies have started listing ransomware as a forward-looking risk factor in their SEC documents.

Excerpts:

Companies finally starting to understand

But the losses from paying the ransom, even if the demand reaches millions, pale in comparison to the invisible costs that come with ransomware, namely lost business.

It was once considered that paying the ransom was an acceptable option for some companies, as they could restore files and get back up and running within hours.

However, the reality is not so. Even if companies pay the ransom demand, decrypting the locked data usually takes days, rebuilding or upgrading IT networks takes another few days or weeks, and companies end up with downtimes of weeks or months due to a ransomware attack.

These downtimes are having a severe impact on companies' bottom lines. Such costs have only recently started to surface, as companies have been filing end-of-year reports, where the overall effect of a ransomware attack becomes much clearer.
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https://www.wavesys.com/

https://www.wavesys.com/products/wave-virtual-smart-card

https://www.wavesys.com/products/wave-endpoint-monitor

https://www.wavesys.com/products/wave-self-encrypting-drive-management

https://www.wavesys.com/wave-alternative

Excerpts:

Start closing your security gaps today, with what you’ve got

You might be surprised to hear that 90 percent or more of your computers probably already have TPMs. Mobile devices are catching up fast. SEDs are newer, but you probably have a bunch of those too. Machines that don’t have them can often be outfitted at little to no extra cost. So you’ve got some or all of the hardware. All you need to do is turn it on with Wave.

It’s almost as easy as it sounds. TPMs and SEDs are built to open, vendor-neutral industry standards, and so are Wave solutions. That means Wave works on your existing mix of hardware, across platforms, and will evolve with you. It’s part of what makes the Wave alternative not only more secure, but also simpler and cheaper. Total cost of ownership for Wave data protection can be almost half that of a traditional software-based system.

Questions? Read on, or contact our sales department.