- Nubeva (NBVA) confirms the successful decryption of Ragnar Locker ransomware for a billion-dollar company
- Nubeva’s technology was able to recover all of the encrypted files and data within 24 hours
- This is the latest in a series of modern ransomware decryptions by Nubeva
- According to the company, most people believe that their current cybersecurity plan will stop ransomware
- Nubeva Technologies (NBVA) is up 0.61 per cent, trading at C$0.73 at 10:56 am EST
Nubeva Technologies (NBVA) today announced its successful decryption of Ragnar Locker ransomware for a billion-dollar company.
Once engaged by the company, Nubeva’s technology was able to recover all of the encrypted files and data within 24 hours.
Nubeva did so with no ransom payments required. This further validates Nubeva’s tech capabilities and power.
This is the latest in a series of modern ransomware decryptions by Nubeva, whose successful decryptions include attacks by LockBit, Conti, and the newest versions of Hive and REvil.
“Ransomware attacks continue to pose a real threat to the basic functions of governments, critical infrastructure, and everyday businesses,” said Steve Perkins, Nubeva CMO.
“This latest decryption further validates and illustrates the power of Nubeva’s ransomware technology, which provides a faster and lower-cost recovery from ransomware attacks–without the need to negotiate or pay for ransoms for keys and descriptors,” added Perkins.
Nubeva’s technology captures ransomware encryption keys at the moment of attack, enabling victim organizations to decrypt locked files without paying the ransom.
Additionally, Nubeva’s software collects vital metadata on the attack to aid in incident response, significantly aiding triage, investigations, and threat removal.
According to the company, most people believe that their current cybersecurity plan will stop ransomware.
In actuality, Nubeva says that Ransomware continues to evade defences and backup systems. They add that no technology is 100 per cent effective and human error exists all the time.
“Before an attack, 78 percent of victims report they felt they had sufficient security, backups, and enough budget. But ransomware continues to evolve. They find, create, and exploit gaps in an organization’s systems,” added Steve Perkins, CMO.
“It can have serious consequences. 25 days of average downtime is unacceptable to most organizations. That’s where Nubeva comes in to provide ransom-less decryption,” concluded Perkins.
Nubeva’s software is available to end-user enterprises, managed security service providers, incident responders, and cybersecurity solution manufacturers.
The company provides next-generation decryption solutions for faster, lower-cost recovery from ransomware attacks.
Nubeva Technologies (NBVA) is up 0.61 per cent, trading at C$0.73 at 10:56 am EST.
