Cyber-attacks [1] [2], particularly ransomware attacks [3], continue to be the primary cause of business outages [2], according to the Veeam Data Protection Trends Report 2024 [1] [2] [3]. This report highlights the urgent need for modernized backup strategies to effectively combat the increasing threat of cyber-attacks [2]. Additionally, it reveals that these attacks are hindering digital transformation efforts and IT modernization initiatives [1].
Description
In the previous year, 76% of organizations experienced at least one cyber-attack, with 26% being targeted four times or more [2]. Shockingly, only 13% of organizations reported successful recovery during a disaster recovery situation [2]. This data underscores the importance of implementing robust backup strategies to protect against cyber-attacks. Furthermore, the report indicates that cyber-attacks are causing significant delays in digital transformation and IT modernization projects. Alarmingly, only 32% of organizations believe they can recover from a small attack or outage within a week [1]. As a result, data protection budgets are projected to increase by 6.6% in 2024 [1], reflecting the growing recognition of the need for enhanced security measures. Additionally, there is a growing integration between data protection and IT security [1], highlighting the interconnected nature of these two domains.
Conclusion
The Veeam Data Protection Trends Report 2024 reveals the profound impact of cyber-attacks on businesses. With the majority of organizations experiencing attacks and struggling to recover, it is clear that a proactive approach to data protection is essential. The report emphasizes the need for modernized backup strategies to effectively combat the increasing threat of cyber-attacks. Furthermore, it highlights the detrimental effects of these attacks on digital transformation and IT modernization efforts. As organizations recognize the urgency of the situation, data protection budgets are expected to increase [1], and there is a growing integration between data protection and IT security [1]. Moving forward, it is crucial for businesses to prioritize cybersecurity measures and invest in robust backup strategies to safeguard against cyber-attacks and ensure business continuity.
References
[1] https://cioinfluence.com/security/veeam-data-protection-trends-report-2024-finds-cyber-attacks-the-1-cause-of-business-outages/
[2] https://www.businesswire.com/news/home/20240117435042/en/Veeam-Data-Protection-Trends-Report-2024-Finds-Cyber-Attacks-the-1-Cause-of-Business-Outages
[3] https://www.infosecurity-magazine.com/news/75-orgs-ransomware-2023-1/
