August 9, 2024 — Boston, MA — Elastio, a leader in advanced ransomware detection and recovery solutions, is proud to announce its partnership with Sheltered Harbor, a renowned financial industry-led not-for-profit “standard setting and certification” organization dedicated to advancing resilience within the financial sector. This collaboration aims to enhance the resilience of financial institutions against the ever-increasing sophistication of ransomware attacks.
The Importance of Cyber Resilience. In today’s digital landscape, ransomware actors are continually evolving, often bypassing existing perimeter defenses and insider threats. This makes cyber-attacks not a matter of if, but when. The key to mitigating the impact of these attacks lies in ensuring business resilience, enabling organizations to recover swiftly and minimize operational disruption. The financial sector, upon which billions of people rely, is highly targeted by such attacks.
Sheltered Harbor and Elastio’s Shared Mission
Sheltered Harbor was founded to enhance the resilience and stability of the financial sector , providing actionable standards for data vaulting and guides for resilience planning to help organizations secure their recoveries. Central to these standards is the necessity of always having verified clean and recoverable backups to recover from and a robust resilience plan.
Elastio’s mission to ensure businesses have continuous insight into their ransomware resilience posture and to guarantee recoveries with validated backups, aligns perfectly with Sheltered Harbor’s standards.
“Elastio’s expertise in ransomware detection and recovery makes them an invaluable partner in our mission to enhance the resilience of financial institutions,” said Carlos Recalde, CEO of Sheltered Harbor. “Their advanced technology and commitment to ensuring clean recoveries align perfectly with our standards and objectives, providing an added layer of security and assurance for our participants.”
Key Benefits of Elastio’s Technology
Elastio assures clean recoveries by validating the integrity of customer data before and after it is backed up and moved into a cyber vault, with advanced file-level inspections for ransomware encryption. Utilizing its adaptive statistical and behavioral AI/ML engine, which has been developed by reverse-engineering every known form of ransomware since 2014, Elastio can identify novel ransomware variants—those not yet on the market—with 99.99% accuracy.
This capability allows customers to detect threats that might have slipped past their existing defenses. It also ensures that there is always a recent, verified clean backup available for recovery. This significantly reduces the risk of data loss and the chance of reinfecting systems. For institutions, having a clean and up-to-date copy of data is essential for effective recovery.
Operating agentlessly, Elastio performs deep-file inspections on offline snapshots, thereby not affecting performance of production workloads and enabling it to unmask any ransomware-hiding techniques.
Commitment to Cyber Resilience
“We help financial institutions safeguard the trust that customers place in them,” said Najaf Husain, CEO at Elastio. “Elastio provides a critical layer of resilience against cyber attacks by ensuring clean, uncompromised, and recoverable copies of an organization’s data. By partnering with Sheltered Harbor, we are reinforcing our commitment to protecting financial institutions worldwide and promoting their vision of robust data security.”
Together, Elastio and Sheltered Harbor are committed to advancing the standards of cyber resilience and ensuring that financial institutions are better equipped to withstand and recover from ransomware attacks.
About Elastio
Elastio’s mission is to help organizations safeguard their data, maintain business continuity, and recover swiftly from cyberattacks with advanced ransomware detection and recovery solutions. Powered by AI/ML RansomwareIQ engine, the agentless, cloud-native platform continuously verifies the integrity of your live data and backups with hyper-accurate ransomware detections to assure quick, clean and uncompromised recovery.
About Sheltered Harbor
Sheltered Harbor is a non-profit financial industry-led organization that establishes standards for data protection and resilience in the financial sector, providing certification for participating institutions that meet its stringent requirements. Recognized by regulators globally as the gold standard for robust resilience and rapid business recovery.
