Crisis has always been a powerful catalyst for social change and there no doubt the COVID-19 pandemic is proving the same. As we adapt to the new normal the popularity of streaming services has grown dramatically as isolation creates more free time. Launched in November 2019, Disney+ recently announced that they have surpassed 50 million paying subscribers.
Along with that rise there’s been a similar rise in a whole range of cyber security threats on these streaming services. In fact, one of the key focus of Privacy Awareness Week is the importance of safeguarding personal information as we spend more time online.
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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?
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We speak to Cloudian Principal Architect, M&E Solutions David Phillips about their Ransomeware protection products and flash object storage.
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What is putting M&E businesses at risk and how can they effectively protect their media assets against the growing ransomware threat?
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Learn how to build a modern foundation for meeting today’s data-driven demands, including monetizing digital assets and leveraging advances in AI and machine learning, while keeping your data safe.
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Ransomware has been identified by the World Economic Forum as one of the top 5 economic risks, a risk level comparable to global warming. Join this panel session to learn how new technology from Cloudian, Veeam and VMware provides a hardened solution to keep your data safe - whether that be in on-premise data centre or as a Managed Services Provider providing Ransomware Protection as a Service to Enterprise Customers.
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