Veeam Acquires Coveware for Industry-Leading Cyber-Extortion Incident Response Services

Veeam Software has taken a significant step in strengthening its ransomware protection and recovery capabilities with the acquisition of Coveware, a leading provider in cyber-extortion incident response. This move will bring industry-leading services to Veeam’s existing offerings, creating a more comprehensive solution for customers facing cyber threats.

Since its establishment in 2018, Coveware has assisted numerous victims of cyber extortion attacks, providing crucial services such as forensic triage, extortion negotiation, and decryption. This expertise has enabled Coveware to develop cutting-edge software and services aimed at data recovery from ransomware attacks.

By combining forces with Veeam, Coveware will continue to operate independently, offering incident response services to victims while also collaborating with enterprise customers to enhance their incident response preparedness. This partnership will not only benefit existing clients but also allow for the incorporation of Coveware’s capabilities into Veeam’s Data Platform and Cyber Secure Program, expanding the reach of these services to a wider customer base.

Anand Eswaran, CEO of Veeam, emphasized the critical importance of cybersecurity in today’s landscape, stating that organizations need to be prepared for cyber threats at all times. With Coveware by Veeam, customers can expect proactive threat intelligence, rapid recovery solutions, and enhanced data protection measures that aim to minimize the impact of cyber incidents.

Overall, the acquisition of Coveware by Veeam marks a significant milestone in the realm of cybersecurity, offering organizations a comprehensive set of tools and services to combat ransomware attacks and ensure business continuity in the face of evolving cyber threats.