Persistent Systems unveils innovative cyber recovery solution with Google Cloud; stock jumps ~2%

31 Oct 2022 , 12:38 PM

Persistent Systems Limited, a global Digital Engineering provider, today announced the release of a ground-breaking solution that enables organisations to recover from cyber-attacks more quickly.

The Persistent Intelligent Cyber Recovery (PiCR) solution, in collaboration with Google Cloud, provides a comprehensive and scalable cyber recovery approach, allowing organisations to reduce data loss and minimise the negative impact on brand reputation caused by prolonged downtime. The Google Cloud Marketplace now offers Persistent Intelligent Cyber Recovery.

Ransomware attacks are becoming more frequent and widespread. They employ constantly evolving and sophisticated techniques, making recovery from attacks more difficult, said the company.

These attacks may result in sensitive data leakage, business loss, and brand reputation damage. It is critical for organisations to focus not only on cybersecurity but also on improving their recovery processes.

Traditional backup and disaster recovery (DR) solutions are not designed for cyber-attack recovery. Persistent Intelligent Cyber Recovery includes customised recovery plans, Persistent IP for malware detection and remediation, and optional managed services to manage the recovery process.

At around 12.42 PM, Persistent Systems was trading at Rs3,687 per piece, up by 1.82% from its previous closing of Rs3,620.95 on the BSE. The scrip touched intraday high and low of Rs3,723.80 and Rs3,631.35 respectively. 

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