Nexodata Inc

Ransomware is a $57 billion annual problem, projected to reach $265 billion by 2031. The biggest issue today is data theft. 91% of ransomware attacks now include stealing data. Worst yet, encrypted data is being stolen where quantum computing will be used to unlock it in the future. Current solutions don't solve this. Multiple backup copies are expensive and still vulnerable to theft. Traditional tape drives are slow and not reliable. Air-gapped storage can costs millions. And encryption alone is vulnerable to quantum attacks. With Nexodata software installation, it upgrades your IT systems with unprecedented ransomware resiliency. Our patented network coding technology fragments and distributes data across multiple clouds, where one cloud doesn’t have enough data fragments to form back the data file. Stolen fragments are mathematically useless and cannot be reconstructed. With a ROI payback up to 14:1, not only do we render stolen data useless to hackers, we enable faster recovery while saving 25% on data storage. It is a scalable and economical approach to counter ransom demands and to mitigate millions in costly ransomware damages.