First in the industry to offer a ransomware recovery warranty of its kind for qualified clients, Rubrik, the Zero Trust Data Security™ firm, has raised its Ransomware Recovery Warranty from $5m to $10m for recovery-related costs. It is doubling down on its commitment to clients and their business resilience, to provide confidence that with Rubrik, they can rapidly recover and restore business-critical operations if faced with a ransomware attack.
Why did Rubrik double its warranty?
Rubrik doubled its warranty as a response, in part, to the National Cybersecurity Strategy unveiled by the White House on March 2. A critical piece of the strategy calls for the cybersecurity industry to “rebalance” to a shared responsibility for effective cyber defence.
Currently, the targets of cyber assault – be they individuals, businesses, or govt agencies – bear the financial and reputational burden for cyberattacks. The Biden administration advocates shifting a greater portion of an entity’s security liability to “organisations that are most capable and best positioned to reduce risks for all of us,” to trusted security partners.
“We believe that the new White House strategy increases the right national focus and investment, and will ultimately help to ensure that our digital ecosystem is resilient and future ready,” commented Bipul Sinha, Chief Executive Officer and co-founder of Rubrik.
“It is important for us to expand our Ransomware Recovery Warranty to deepen trust, and to further show our customers that we stand together with them in the fight against cybercrime. We were first with our warranty, and we welcome the increase of shared accountability and responsibility in this new era of cybersecurity,” Bipul Sinha further said.
What does the initiative mean for the industry?
“Ransomware and other threats increase exponentially, and no firm should feel as if they are fighting the battle alone. The White House issued a call to action to help improve security posture, and Rubrik’s Ransomware Recovery Warranty rises to a national call to action,” said Suzette Kent, former federal CIO and Chair of Rubrik’s public sector advisory board.
“This initiative reflects the much-needed ingenuity required to stand up to bad actors. In the long run, this collaborative spirit will fuel innovation, help increase preparedness for cyberattacks, and drive business resiliency no matter what dangers threaten our firms.”
Rubrik set an industry-first standard in 2021 with its $5m Ransomware Recovery Warranty offering, providing further assurance of cyber readiness, resilience, and recovery for clients running Rubrik Enterprise Edition and working with a Rubrik Customer Experience Manager (CEM). In 2022, it expanded the offering using Rubrik Cloud Vault built on Microsoft Azure.
Ransomware attacks have grown into an $8.4 billion industry globally, becoming one of the greatest threats to our economy. According to the Rubrik Zero Labs State of Data Security report surveying over 1,600 IT and security leaders, more than half of the survey respondents’ organisations were impacted by a ransomware attack in the last year.
Learn more about the Rubrik Ransomware Recovery Warranty here.