Digital Newsletter
Each week our editor Phil Alsop rounds up the most popular articles, videos and expert opinions. We compile this into a Digital Newsletter and send it straight to your inbox every week.
Digital Magazines
We'll let you know each time a new edition of Digitalisation World is released so that you're always kept up-to-date with the latest and greatest news and press releases.
Video Magazines
The Digitalisation World Video magazine contains the latest Zoom interviews with experts in the industry.
Ransomware attacks continue to incur high costs. The stakes are increasing as 35% of respondents report their organisations were asked to pay over $100,000 in ransom payments, and 20% asked to pay between $1 million to $10 million.
When asked about the confidence level in their IT team's ability to recover lost data in a ransomware attack, less than a quarter (23%) of those surveyed said they are very confident in their ability to recover lost data. Smaller businesses are even less confident – less than 20% are very confident in their ability to recover lost data in a ransomware attack.
The research revealed that ITDMs recognise the importance of continued investments to increase data resilience, as 92% said they are making additional investments to protect against ransomware attacks. The top areas of investment are:
● Security software: 64%
● Training and certification: 50%
● Managed services: 43%
A strong disaster recovery strategy and updated backup systems are critical as most ITDMs (58%) said they will rely on existing backups to restore operations as quickly as possible if a ransomware attack occurs. Only 35% of those surveyed have data backup and recovery in place for all remote employees, presenting a significant vulnerability in the event of a ransomware attack as the remote workforce and the hybrid work environment become the norm.
The survey also found that most ITDMs (81%) want governments to do more to help companies protect against ransomware, although they acknowledge limitations.
Said Florian Malecki, executive vice president, marketing at Arcserve: "As our annual survey confirmed, ransomware attacks continue to significantly disrupt business worldwide with staggering costs and the real threat of losing mission-critical data. IT decision-makers must review and modernize their IT security infrastructure by making data backup and recovery and immutable storage a cornerstone of their data resilience strategy to strengthen the entire environment." He continued: "Arcserve focuses on helping our customers achieve true data resilience with a Unified Data Protection approach of impenetrable and immutable best-in-class data protection solutions for data centres, cloud, and hybrid environments."
