Palo Alto NetworksÂ® (NYSE: PANW), the next-generation security company, has announced enhancements to its Trapsâ¢ advanced endpoint protection offering that strengthen current ransomware prevention by monitoring for new techniques and ransomware behavior and, upon detection, prevent the attack and resulting encryption of data, the company said.
As ransomware attacks continue to escalate in both sophistication and frequency, organizations are working quickly to protect themselves from falling victim to the next attack. According to Cybersecurity Ventures, ransomware will cost organizations more than USD 5 billion in 2017 — more than 15 times the cost of damages absorbed in 2015.
To protect themselves from the evolving threat of ransomware, most organizations deploy multiple security point-products and software agents on their endpoint systems, including one or more legacy antivirus products. The protections provided by these signature-based products continue to lag behind the speed of ransomware attacks, which can impact and spread throughout organizations in a matter of minutes compared to the hours or days it could take a customer to receive a signature update.
When combined with its existing ransomware prevention and other multi-method prevention capabilities, Traps offers effective ransomware protection and helps organizations avoid the business productivity losses associated with inaccessible data. Traps effectively secures endpoints with its unique multi-method prevention capabilities by combining multiple defensive techniques, preventing known and unknown attacks before they can compromise endpoints.
Palo Alto Networks is the next-generation security company, a new era in cybersecurity by safely enabling applications and preventing cyber breaches for tens of thousands of organizations worldwide. Built with an innovative approach and highly differentiated cyberthreat prevention capabilities, our game-changing security platform delivers security far superior to legacy or point products, safely enables daily business operations, and protects an organization´s most valuable assets. Find out more at www.paloaltonetworks.com.