Absolute Software Introduces Ransomware Response Offering

Absolute Software (NASDAQ: ABST) (TSX: ABST), a leader in self-healing endpoint and secure access solutions, today announced the availability of Absolute Ransomware Response, enabling customers to strengthen preparedness and accelerate endpoint recovery in the face of the ever-growing threat of ransomware attacks. With this new offering, part of the company’s Secure Endpoint product portfolio, organizations have the key capabilities and services needed to assess their ransomware preparedness and cyber hygiene across endpoints; ensure mission-critical security applications, such as anti-malware and device management tools, remain healthy and capable of self-healing; and expedite the quarantine and recovery of devices if an attack occurs.

Cybersecurity Ventures predicts that organizations will face a new ransomware attack every two seconds by 2031, up from every 11 seconds in 2021. While the top priority for IT and security teams has historically been securing and restoring critical infrastructure, such as servers and business applications, the accelerated adoption of ‘work-from-anywhere’ has significantly expanded the potential ransomware attack surface – and in turn, has increased the need to extend preparedness and recovery efforts to end user devices.

“The reality is that, while organizations are very concerned about the time to recover from ransomware attacks, they often solely focus on prevention tools, without planning for the worst-case scenario: falling victim to an attack,” said Eric Hanselman, Principal Research Analyst at 451 Research, part of S&P Global Market Intelligence, in a recent webinar. “By building a plan and improving their preparedness and simplifying the endpoint recovery process for their organizations, they can accelerate businesses’ ability to recover and resume operations.”¹

“Ransomware is more prevalent, more sophisticated, and more capable of disruption and damage than ever and organizations need to plan for ‘when,’ not ‘if,’ they are successfully attacked,” said John Herrema, EVP of Product & Strategy at Absolute. “When a ransomware attack occurs, organizations are often forced to weigh the risks of cutting off all communication with an infected device, losing the ability to restore or recover it, or leaving the door open for re-infection. This new offering gives them the cyber resiliency needed to mitigate ransomware deployment techniques, restore and update tools critical to recovery, and if needed, hit the ‘kill switch’ – meaning they can wipe the device while still maintaining control so it can be recovered.”