Wasabi’s ‘hot cloud storage’ gains traction as data security strategies evolve

On May 7, 2021, the computerized gas, diesel and home heating fuel system owned by Colonial Pipeline Inc. was hit by a ransomware attack that forced a shutdown of operations. With its impact on Colonial’s more than 5,500 miles of pipeline, the attack led to panic buying and long lines at gas stations throughout the Eastern U.S. and disrupted airline services at many airports for nearly a week. The brazen attack raised greater awareness around immutability, a process in cloud storage of designating files as objects that cannot be altered by anyone. “Immutability means if you store data in an immutable bucket, it cannot be altered,” said David Friend, co-founder, president and chief executive officer of Wasabi Technologies Inc. “It cannot be deleted, it cannot be deleted by you, it can’t be deleted by us, and it certainly can’t be deleted by a hacker or somebody breaking in from the outside.” Amid cloud storage giants Amazon Web Services Inc., Google Cloud Platform and Microsoft Azure, Wasabi has set out to disrupt the market with its Amazon S3-compatible Hot Cloud Storage, which is designed to allow users to store a nearly infinite amount of data without incurring egress fees or API call charges. Read more >>