'Time-Travelling' Software Could Bankrupt Hackers

31 Aug ‘Time-Travelling’ Software program Might Bankrupt Hackers

This week in cybersecurity from the editors at Cybercrime Journal

– Learn the Full Story in Newsweek

Sausalito, Calif. – Aug. 31, 2024

Ionir, builders of a cloud-based information providers platform, with places of work in New York and Tel Aviv, says it has created a cutting-edge information storage system that permits customers to “return in time” and retrieve information held hostage by hackers.

In an interview with Nationwide Safety Information, Ionir’s CEO Jacob Cherian spoke in regards to the firm’s distinctive method of thwarting ransomware assaults.

Newsweek experiences that ransomware will price victims an estimated $265 billion yearly by 2031, based on Cybersecurity Ventures, with assaults on people or organizations occurring each two seconds on common.

Ionir believes its skill to revive information to the moments earlier than it was stolen or corrupted may make such devastating assaults a factor of the previous. “Any information that’s saved with us, you may return in time and get the information again the best way it was the second earlier than. We are able to truly replay the best way your information was from any second up to now,” Cherian mentioned.

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