Have You Seen Veeam Lately?

Veeam is the #1 global market leader in data resilience. Veeam solutions are purpose-built for powering data resilience by providing data backup, data recovery, data portability, data security, and data intelligence. Veeam, a company with over $1.7 billion in revenue and 5,500 employees globally, has significantly expanded its portfolio beyond its origins as a VMware backup tool. They now offer a comprehensive suite of solutions across on-premises, as-a-service, and hybrid models, protecting over 150 different data types. A key recent development is the Veeam Cyber Secure offering, built on the acquisition of Coveware, which is central to their enhanced data security capabilities. Veeam emphasizes that their current offerings represent a significant evolution from the Veeam many people once knew, extending far beyond virtual machine backup to encompass a vast array of data protection needs, including being the most deployed Microsoft 365 backup solution worldwide.

Veeam’s approach to data security is structured around three core pillars: innovation, ecosystem partnerships, and incident response expertise through Coveware. In terms of innovation, Veeam is integrating new security technologies into its products to accelerate mean time to detection and response, ensuring that critical information is readily available to those responding to security events. Their commitment to a strong security ecosystem is demonstrated by alliances with over 65 different security vendors, including major players like CrowdStrike, Palo Alto, and Splunk, acknowledging that organizations have already invested significantly in diverse cybersecurity solutions. This collaborative approach allows Veeam to complement existing security infrastructures rather than attempting to replace them.

The acquisition of Coveware is a cornerstone of Veeam’s data security strategy, particularly for incident response. Coveware is recognized for its extensive data aggregation related to threat actor decryption keys, which is crucial for recovering from ransomware incidents. Beyond their technological prowess, Coveware brings a team of experienced negotiators and cool-headed professionals who assist organizations in navigating the complexities of ransomware incidents and payment negotiations. This unique blend of technology innovation, strategic partnerships, and specialized human expertise positions Veeam as a comprehensive data resilience provider, focused on keeping “good data safe from bad things” and supporting organizations throughout the entire incident response lifecycle.