How the media and entertainment industry can protect media asset libraries against ransomware
The media and entertainment industry has quickly developed into a prime target for ransomware. Organizations as large and diverse as Disney, Sony and France’s M6 Group have all been affected by cyberattacks in recent years.
Research from Forrester Consulting indicates that more than half of organizations (51%) in the M&E sector experienced three or more cyber-attacks in just 12 months, while Sophos’ ‘State of Ransomware 2020’ report found that media and entertainment is among the industries most affected by ransomware, with 60% of organizations hit last year.
With the average cost of a TV show on a major network or streaming service at nearly $6 million dollars per episode, the inability to access even a small portion of key files can be financially disastrous for production companies.
So, what is putting M&E businesses at risk and how can they effectively protect their media assets against the growing ransomware threat?