AvePoint Launches Ransomware Detection, Adding to its Robust Data Protection Capabilities
March 08 2022 - 9:00AM
AvePoint (NASDAQ: AVPT), the most advanced SaaS and data management
solutions provider, today announced the launch of Ransomware
Detection, as part of Cloud Backup for Microsoft 365, to further
protect digital collaboration data.
This new capability proactively detects suspicious behavior
within users’ Microsoft OneDrive, while minimizing disruption to
productivity and collaboration. After detecting unusual activity,
Cloud Backup provides detailed reports to shorten the investigation
and flag the areas of question for Customer’s Admin, and if
necessary, restores all or specific OneDrive data, recovering
business-critical information quickly for Cloud Backup
customers.
AvePoint is also launching its Ransomware Warranty for MSPs,
which primarily serve small business clients via its global
distribution network, to give the ultimate assurance they will be
protected. It provides coverage of up to one million dollars if
customer data is not recovered due solely to a failure of these
eligible products: AvePoint Cloud Backup for Microsoft 365,
Dynamics 365, Google Workspace and Salesforce. Detailed terms and
conditions apply.
“Ransomware attacks have become one of the top security threats
for organizations, especially as increased digital collaboration
opens up more vulnerabilities,” said Dr. Tianyi Jiang (TJ), CEO and
Co-Founder, AvePoint. “In 2021 alone, ransomware attacks hit
companies every 11 seconds, and the average cost to recover is in
the millions of dollars. With the launch of Ransomware Detection,
AvePoint continues to deliver on our promise of securing digital
collaboration for enterprises across the globe.”
New features of AvePoint’s Ransomware Detection, as part of
Cloud Backup for Microsoft 365, include:
- Early event
detection: This function uses machine learning algorithms
to detect unusual activities, as well as potential ransomware
attack events within users’ Microsoft OneDrive. Customers’ admin
can also be notified when such events are detected.
- Quick
investigation: Ransomware attacks are a serious security
incident. IT and security teams need to perform incident
investigations as soon as possible to have a better understanding
of the impact to formulate a plan to remediate the risk. Cloud
Backup provides top-down reports to help admins quickly drill into
the areas of question to nail down to the impacted scopes, which
can greatly help shorten the investigation and data restore
time.
- Faster restore from quality
backup: AvePoint successfully protects hundreds of
petabytes of data across the public and private sector, so when
customers restore their data after an incident investigation, they
can be confident that it is safe. In addition, Cloud Backup
provides easy-to-follow guidance about the time range to restore
from, which helps with faster and precise recovery from backup
data.
Cloud Backup empowers businesses to defend against ransomware
attacks and ensure organizational business continuity. This is
largely due to long-term immutable backup data, machine learning
based anomaly and ransomware attack detection, and easy-to-follow
UI reporting and navigation to help fast and precise recovery.
“Global enterprises rely heavily on OneDrive for collaboration
on highly sensitive, mission critical data, and they cannot afford
to compromise on security or tolerate downtime,” said John Peluso,
Chief Product Officer, AvePoint. “AvePoint’s Ransomware Detection
discovers common threats and monitors for mass change events that
can indicate suspicious behavior. Our goal is to equip businesses
with an easy and reliable way to mitigate the threat of an attack
and prevent detrimental data loss.”
The launch comes on the heels of AvePoint’s recent recognition
as a leader in the Forrester New Wave SaaS Application Data
Protection report. In January, AvePoint expanded its FedRAMP
(moderate) Authorization, further highlighting the company’s
alignment with the unique security concerns in the U.S. Public
Sector, and empowering organizations to adopt a zero-trust security
model. By adding Ransomware Detection to its leading Cloud Backup
solution, AvePoint is doubling down on a longstanding commitment to
security.
For more information on AvePoint’s new Ransomware Detection and
Ransomware Warranty, please visit
https://www.avepoint.com/products/cloud/backup/ransomware-protection.
About AvePointCollaborate with confidence.
AvePoint provides the most advanced platform for SaaS and data
management to optimize SaaS operations and secure collaboration.
More than 8 million cloud users rely on our solutions. Our SaaS
solutions are also available to managed service providers via more
than 100 cloud marketplaces, so they can better support and manage
their small and mid-sized business customers. Founded in 2001,
AvePoint is a five-time Global Microsoft Partner of the Year and
headquartered in Jersey City, New Jersey. For more information,
visit https://www.avepoint.com.
Forward Looking Statements
This press release contains statements that may constitute
“forward-looking statements” within the meaning of the “safe
harbor” provisions of the United States Private Securities
Litigation Reform Act of 1995 or otherwise, including with respect
to AvePoint’s products and services (such as Ransomware Detection
for Cloud Backup), AvePoint’s products that have received FedRAMP
(moderate) Authorization, the performance of any such products or
services, and AvePoint’s ongoing commitments to the highest
standards of data security and privacy. Forward-looking statements
may be identified by the use of words such as “estimate,” “plan,”
“project,” “forecast,” “intend,” “will,” “expect,” “anticipate,”
“believe,” “seek,” “target,” “continue,” “could,” “may,” “might,”
“possible,” “potential,” “predict” or other similar expressions
that predict or indicate future events or trends or that are not
statements of historical facts. These forward-looking statements
are, by their nature, subject to significant risks and
uncertainties and are based on the beliefs of AvePoint’s management
as well as assumptions made by and information currently available
to AvePoint’s management. Forward-looking statements are subject to
numerous conditions, many of which are beyond the control of
AvePoint including those set forth in the Risk Factors section of
AvePoint's most recent Quarterly Report on Form 10-Q and its
registration statement on Form S-1 and related prospectus and
prospectus supplements filed with the SEC. Copies of these and
other documents filed by AvePoint from time to time are available
on the SEC's website, www.sec.gov. AvePoint undertakes no
obligation to update these statements for revisions or changes
after the date of this release, except as required by law.
Media ContactNicole
CaciAvePointpr@avepoint.com201-201-8143
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