NeuShield Newsletter (Volume 7)May 2021by Elisha Riedlinger, COO of NeuShield Topics:
Randolph Community College NeuShield case study
“We chose NeuShield’s Data Sentinel to protect our digital assets,” says Matt Dixon, Security Operations at Randolph Community College. “I’m a realist. I understand that it’s a matter of when it will happen, not if it will happen. Every organization is vulnerable, and we simply must protect our students and faculty, and remain operational.” Read More: Case Study >> To learn more and receive a free trial and demo of NeuShield please contact info@neushield.com Interview With Yuen Pin (NeuShield’s CEO) Aviva Zacks of Safety Detectives had the opportunity to sit down with Yuen Pin, CEO of NeuShield. She asked him about his company’s anti-ransomware solution Data Sentinel. In this interview you will hear about Yuen Pin’s journey to cybersecurity, how NeuShield stays ahead of its competition, what the worst cyberthreats are today and more. Read More: Interview >> To learn more and receive a free trial and demo of NeuShield please contact info@neushield.com Forbes: Why Ransomware Costs Businesses Much More Than Money We are all aware the cost of ransomware attacks in terms of lost time, compromised data and erosion of brand reputation and customer trust. But what about the staggering costs in dollar signs? A new ransomware attack will occur every 11 seconds this year, according to Cybersecurity Ventures. The cost from these attacks is expected to reach $20 billion this year, with more businesses paying the ransom. In 2018, 39% of ransomware victims caved into paying ransom demands, while this year that number is estimated to be as high as 58%. As more companies pay ransoms, the more resources the attackers have available to them to increase the attack rate and the severity of their attacks. However, that doesn’t tell the whole story, because the average downtime after a ransomware attack is 16 days. Beyond direct costs, like ransom payouts and IT costs of rebuilding servers, there are significant indirect or soft costs. Read More: Forbes >> To learn more and receive a free trial and demo of NeuShield please contact info@neushield.com NeuShield Patent (No. 10,983,893) Issued If you have ever filed a patent then you know how long it can take to from the time you file a patent until the time the patent is finally issued. Well, after more than two years of waiting, we are happy to say that last month we got issued a patent on Data Health. This is not the first patent that we filed, but it marks another victory as we continue to innovate and build unique technology in the market place. To learn more and receive a free trial and demo of NeuShield please contact info@neushield.com
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Randolph Community College, or RCC, located near the geographic center of North Carolina, needed to protect its digital assets, faculty, and students from potential cybersecurity threats. RCC is one of 58 community colleges located within Randolph County, where a number of schools have been targeted with ransomware attacks. As a result of the growing threat, RCC has taken proactive measures to protect its data from malware attacks, like ransomware.
