23 April 2024, Seattle, (Press Release): Veeam Software, a leader in Data Protection and Ransomware Recovery, has taken a significant leap forward in cybersecurity with its acquisition of Coveware. This move signals a new era of comprehensive support for ransomware incidents, from protection to response and recovery.
Addressing cyber threat is critical for every enterprise:Anand Eswaran, CEO, Veeam
“It’s no longer a question of when your organization is attacked, but how often. Seventy-six percent of organizations have been attacked over the past twelve months, and addressing cyber threat is critical for every enterprise,” said Anand Eswaran, CEO at Veeam. “It’s critical to ensure data is safe and protected, and when the worst happens businesses can recover quickly and safely.
Coveware, known for its expertise in cyber-extortion incident response, brings top-tier capabilities in ransomware recovery and first responder services to the table. Integrated with Veeam’s radical resilience solutions, Coveware by Veeam promises to deliver unparalleled incident response services to victims of cyber extortion while also aiding enterprise customers in incident response preparedness.
“Coveware by Veeam will bring industry-leading cyber-extortion incident response services and proactive enterprise preparedness to Veeam’s existing ransomware protection and recovery capabilities. Coveware will offer forensics and remediation capabilities through the Veeam Data Platform, as well as proactive services to Veeam Cyber Secure customers.”
With a focus on rapid forensic triage, extortion negotiation, and remediation, Coveware has assisted thousands of organizations in recovering from ransomware attacks since its inception in 2018. What sets Coveware apart is its ability to provide real-time insights into threat actor patterns, enabling proactive risk reduction and faster recovery.“Veeam’s acquisition of Coveware underscores its commitment to proactive cyber protection and support, providing customers with rapid malware detection, recovery, and ongoing assistance through the Veeam Data Platform and Cyber Secure Program”.
