Latest news with #Commvaults
Scoop
2 days ago
- Business
- Scoop
Commvault Boosts Quantum-Safe Encryption To Tackle Emerging Cyber Risks
Quantum computing will change everything we know about encryption and cyber defence, said Bill OConnell, Commvaults CSO. Our goal is to stay ahead of these shifts, giving customers the tools they need before threats materialize. Commvault has expanded its quantum-safe encryption toolkit, becoming one of the first major cyber resilience vendors to support the Hamming Quasi-Cyclic (HQC) algorithm—part of its broader strategy to protect against next-generation threats enabled by quantum computing. The company announced today that its Commvault Cloud platform now supports HQC, a NIST-recommended algorithm designed to address 'harvest now, decrypt later' risks. These involve adversaries capturing encrypted data today to decode it in the future, once quantum computing reaches sufficient maturity. 'Quantum computing will change everything we know about encryption and cyber defence,' said Bill O'Connell, Commvault's CSO. 'Our goal is to stay ahead of these shifts, giving customers the tools they need before threats materialize.' Commvault's commitment to post-quantum cryptography dates back to August 2024, when it introduced a crypto-agility framework and support for standards like CRYSTALS-Kyber and SPHINCS+. With today's additions, the company continues to set the pace in an increasingly urgent race. The update is especially relevant for sectors like healthcare and finance, where data must be protected for decades. Commvault's Risk Analysis tools help organizations pinpoint which data sets could benefit from quantum-safe encryption, making the transition easier through a simple checkbox interface. 'Quantum readiness has become a business imperative,' said IDC's Phil Goodwin. 'Commvault's leadership in this space positions it as a proactive player in data protection.' The PQC features are immediately available for all Commvault Cloud users on version CPR 2024 (11.36) and above.
Scoop
12-05-2025
- Business
- Scoop
Anti-Ransomware Day: Building Cyber Resilience To Address Evolving Threats
Press Release – Commvault Today on Anti-Ransomware Day, Commvaults Darren Thomson said: Ransomware attacks continue to escalate year after year, and cybercriminals are no longer just chasing payouts theyre hunting for headlines. One of the greatest challenges in combating ransomware is that, while new security tools and practices continue to emerge, threat actors are simultaneously advancing their tactics and becoming increasingly sophisticated. Ransomware and data theft extortion continue to be pervasive threats with business email compromise and fraud among the top self-reported cybercrimes for businesses and individuals in Australia in the 2024 financial year. Today on Anti-Ransomware Day, Commvault's Darren Thomson said: 'Ransomware attacks continue to escalate year after year, and cybercriminals are no longer just chasing payouts – they're hunting for headlines. Recent attacks targeting high-profile organisations and critical supply chains show a clear shift in strategy: aiming for maximum disruption and publicity by targeting the 'big fish'. Recent research found that on average, one cybercrime is reported every 6 minutes in Australia, with ransomware alone causing up to $3 billion in damages to the Australian economy every year. Yet, despite the rising threat, too many organisations remain underprepared. True cyber resilience means more than just defence, it also requires the ability to recover fast. This is where tools such as cleanroom environments come in. By restoring critical cloud services in a secure, isolated space and using automation to speed up recovery, companies can minimise downtime. While recovery takes 24 days on average, some organisations don't achieve business-as-usual for over 200, often due to poor preparation and a lack of understanding of their 'Minimum Viable Company' – the essential systems needed to stay operational. But resilience isn't just a concern for businesses. Individuals must also take responsibility for their cybersecurity. The recent tech outages in Spain and Portugal bring a harsh reminder of how reliant we are on digital systems. Consumers should start by evaluating their own Minimum Viable Company: Could you manage without internet access? Do you have a backup plan if payment terminals go down? 'Taking practical steps like using secure password managers, avoiding password reuse, and steering clear of public Wi-Fi without a VPN are essential. On Anti-Ransomware Day, it's time for both businesses and consumers to assess their cyber resilience.'
