BackupAssist®, the leading provider of automated backup and recovery software for small and medium enterprises (SMEs), today announced the general availability (GA) launch of BackupAssist Classic® version 11 (v11). Engineered to aid clients in remaining at the forefront of cybercrime resilience, BackupAssist v11 includes critical enhancements across its CryptoSafeGuard® ransomware solution, password protection, and S3 compatible destinations, as well as the introduction of its groundbreaking Cyber Black Box®.

Cybersecurity Ventures predicts global cybercrime costs will grow by 15 percent per year over the next five years, reaching $10.5 trillion USD annually by 2025, up from $3 trillion USD in 2015. In a recent announcement it stated, “This represents the greatest transfer of economic wealth in history, risks the incentives for innovation and investment, is exponentially larger than the damage inflicted from natural disasters in a year, and will be more profitable than the global trade of all major illegal drugs combined.”

BackupAssist Classic v11 enables its users to address this already enormous and rapidly escalating cybercrime threat, with the following new features and functionality:

Cyber Black Box
Collects and stores logs and data that can serve as additional evidence in digital forensic investigations. This is important because after suffering a hacking incident or other security breach, businesses need to investigate the root vulnerability, remediate it, and possibly lodge a cyber insurance claim. The evidence provided by the Cyber Black Box can assist a business in submitting a cyber insurance claim, and recouping expenses resulting from customer notification, data restoration, and IT repairs, as well as associated legal fees. In addition, Cybercrime Forensic Investigators now have another tool that can help them to trace and prosecute cyber criminals, around the globe.

CryptoSafeGuard Enhancements
Expands shielding of protected files from ransomware to include BackupAssist configuration and Cyber Black Box forensic logs. This is important because it provides extra mitigations against ransomware from corrupting backup configuration files or attempts to sabotage the backups.

Password Protection and Administration Console
Allows the administrator to set additional administration console access passwords. This is important as it provides further mitigation against malicious actors from sabotaging backup configuration to effectively delete backup data.