News Summary

• Ransomware has evolved into a multi-billion-dollar industry powered by organized crime, nation-state actors, and dark web monetization schemes.
• The new front line in this battle isn't your endpoint antivirus or network firewall; it’s your storage.
• Cloud giants and leaders in managed storage services, such as Amazon Web Services (AWS) and Microsoft Azure, have made immutable backups a key component of their storage platforms.
• These features are useful for the Sarbanes-Oxley Act (SOX) which requires publicly traded companies to maintain accurate financial records.