Ransomware attacks are on the rise and organisations are attacked 51 times per week on average – 14% increase compared to the beginning of 2021. And so are Ransom DDoS attacks. Rubrik has bolstered its data security features to provide a stronger focus on ransomware, including impact assessment, recovery, and business continuity.
On Tuesday, Rubrik announced a “strategic agreement” with Microsoft including an investment from the tech giant and new collaborations to enable “zero trust data protection.” The dollar amount of the investment was not disclosed.
The agreement comes as Microsoft continues to focus on bringing a zero-trust security architecture to customers and as ransomware attacks continue to proliferate-including with high-profile breaches such as the attack on Accenture, a major Microsoft partner, which was disclosed last week.
The deal will see Rubrik and Microsoft working together to deliver “tightly integrated data protection while accelerating and simplifying our customer’s journey to the cloud,” said Rubrik Cofounder and CEO Bipul Sinha in a news release.
Nick Parker, corporate vice president for global partner solutions at Microsoft, said in the release that integrating Rubrik’s “Zero Trust Data Management solutions” with Azure and Microsoft 365 “will make it easy for customers to advance their Zero Trust journey and increase their digital resilience.”
Millions are being paid to ransomware gangs every year. Microsoft is taking an equity stake in data management and backup firm Rubrik and the two companies are also planning co-engineering projects for solutions built on Azure, aimed at enabling enhanced data protection amid widespread ransomware attacks.