A new report has revealed that the cost of data backup is rising due to the growing threat from cybercrime. This includes the requirement to guarantee the consistency and dependability of hybrid cloud data protection in order to counteract potential losses from a ransomware attack.
More than 4,300 IT leaders were polled for the Data Protection Trends Report, and many of them claimed that there was a "availability gap" between how quickly their businesses needed a system to be recovered and how quickly IT could get it back online. This issue is serious because, according to the survey, 85% of respondents experienced a cyberattack in the previous year.
Making sure the data protection provided by Infrastructure as a Service and Software as a Service solutions corresponds with that provided by workloads focused on data centres was one of the top priorities for IT leaders polled for the survey this year.
More than half of those surveyed in the study, which was commissioned by data protection software vendor Veeam, also mentioned a "protection gap" between the amount of data they can lose and the frequency with which IT protects it. These gaps, according to more than half of those surveyed, have led them to consider switching primary data protection providers this year.
Many of those surveyed claimed that ransomware is "winning," with cyberattacks causing the most significant outages for businesses in 2020, 2021, and 2022, despite all of these efforts to increase backup reliability and spend on cybersecurity tools.
Hackers' increasing threat to data budgets
In the past 12 months, at least 85% of all study participants reported experiencing an attack, up from 76% the year before. Data recovery was noted as a major concern, with many claiming that only 55% of encrypted data was recoverable following a ransomware attack.
This was partially due to the increase in attacks.
Due to the strain that ransomware protection and recovery put on budgets and staff, it is also harder to implement digital transformation. Resources intended for digital transformation initiatives have been diverted as IT teams must concentrate on the unstable cyber security landscape.
According to Veeam's researchers, cyberattacks "not only drain operational budgets from ransoms to recovery efforts, but they also reduce organisations' ability to modernise for their future success, forcing them to pay for prevention and mitigation of the status quo."
With 52% of respondents already using containers and 40% of organisations planning to do so soon, Kubernetes is proving to be one of the major forces behind bettering data security strategies. Despite this, the report's authors discovered that most organisations only protect the underlying storage rather than the workloads themselves.
The CTO and senior vice president of product strategy at Veeam, Danny Allan, stated that "IT leaders are facing a dual challenge. They are building and supporting increasingly complex hybrid environments, while the volume and sophistication of cyberattacks is increasing. This is a major concern as leaders think through how they mitigate and recover business operations from any type of disruption.”
