Organizations invest more in data protection but recover less

2024-01-24 04:30

92% of organizations will increase 2024 data protection spend, to achieve cyber resilience amidst continued threats of ransomware and cyberattacks, according to Veeam Software.

"It's the number one cause of outages today, and protecting against it is hampering digital transformation efforts. Furthermore, although companies are increasing their spend on protection, less than a third of companies believe they can recover quickly from a small attack. The findings in this year's report highlight the need for continued cyber vigilance, and the importance of every organization to ensure they have the right protection and recovery capabilities."

Only 25% of organizations use a backup solution that is purpose-built for containers, while the rest of organizations back up only some of the underlying components - e.g., storage repositories or the database contents.

While losing valuable data protection talent puts organizations at a significant disadvantage when crises inevitably strike, the market shift presents an opportunity to add knowledge to protect modern production workloads that reside in clouds, such as Microsoft 365, Kubernetes containers, or other IaaS/PaaS deployments.

This is problematic for organizations relying on older datacenter-centric data protection solutions.

As organizations move workloads from one platform or cloud to another, IT teams relying on legacy backup solutions that do not offer equitable protection of cloud-hosted workloads will struggle to maintain SLAs, particularly those that embrace cloud-native offerings like Microsoft 365/Salesforce or containers.

News URL

https://www.helpnetsecurity.com/2024/01/24/cyberattacks-business-outages/