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The Blockchain Archive Server
The BAS was designed to address the gap associated with archiving mission-critical data, protecting it from attack and facilitating the rapid restoration of guaranteed immutable data.
The BAS is the first Distributive Data Application that utilizes Sollensys’s patent pending double blockchain system to provide unparalleled archiving and data recovery following any cyber event, not just ransomware. The BAS is designed to protect your data, guarantee it is available, and guarantee it has not changed. The BAS is not data storage - it is a next-generation archive designed to provide unprecedented data protection and restoration.
Sollensys’ revolutionary double blockchain technology provides a quickly recoverable, immutable and uncorrupted, unbreakable safety net. Your files, documents, photos, videos, and other sensitive data are uploaded, shredded into millions of fragments, secured and essentially do not exist in usable form for anyone without both the correct authorization and the correct key to decode the information. Even Sollensys cannot view or access your files in any way. This system is effective on or off-premise and quickly and easily integrates with existing cybersecurity and cloud-based solutions across all systems and file types, including video, which is a first for blockchain.
Damages from cybercriminals reach far beyond simple ransom demands, although these can range from a few hundred to millions of dollars alone. Without a safety net to recover your systems and data you could be subject to other financial damages as well. Costs can add up quickly for regulations and compliance issues, loss of revenue due to customer exodus and disruption, loss of intellectual property, file distortion from the return of corrupted data, and from loss of productivity during the recovery and reconstruction process, assuming this is even possible. These issues can easily be enough to bankrupt a company if the ransom hasn’t already. Not to mention the damage to your reputation.
Picture a security system for a building. It may not necessarily be effective in blocking a criminal from entering or prevent them from stealing, and the system has no power to bring back the things which were stolen. With Sollensys, even if the cybercriminals make it through your current cybersecurity suite, they can’t see or touch your data at all.
General Blockchain & Ransomware
The crux of the problem is losing access to inventory data and restricted access to records specifically and computer systems. Industrial sector attacks are often among the most expensive, both in terms of the ransom demanded as well as remediation efforts. In fact, in 2019, industrial companies paid 62% of the ransomware dollars, yet only represented 18% of the victims.
No company is safe from ransomware, even the myriad quiet organizations that constitute the industrial sector. In addition to the classic problems of loss of data access as well as data theft, new ransomware strains identified in early 2020 target industrial control systems and have the ability to kill critical software control processes before it revokes system access. In March 2019, a power and metals producer experienced an attack which disrupted their business process management system leading to: Multi-site shutdown, Impaired resource management, and manual tracking of large, distributed inventories.
Medical institutions of every size have a pervasive and persistent target on their backs in today’s threat landscape. In fact, a joint statement by the FBI, the Cybersecurity & Infrastructure Security Agency (CISA), and the Department of Health & Human Services (HHS) released in late October 2020 warned of “credible information of an increased and imminent cybercrime threat to U.S. hospitals and healthcare providers,” and shared the notice “to provide warning to healthcare providers to ensure that they take timely and reasonable precautions to protect their networks from these threats.”
This announcement comes on the heels of the Universal Health Services attack in September 2020, one of the largest ransomware attacks on medical institutions in history, affecting a nationwide network of 400 hospitals and labs, leading to an inability to access computer systems and digital patient records, perform scheduled medical procedures, or run lab tests internally.