Ransomware affected three out of four businesses in 2023, posing a serious cybersecurity problem. According to the Veeam 2024 Ransomware Trends Report, only 57% of compromised data is restored, leaving 43% of data unrecoverable.
These attacks cause IT breakdowns and unavailability, having a major impact on businesses. Pressure on IT and security teams is increasing, with 45% of professionals reporting increased stress and 26% a loss of productivity. Despite the need for an effective cyber-defense strategy, 63% of companies regret the lack of synchronization between backup and cyber-risk teams.
A majority of 81% of companies paid ransoms, but a third did not recover their data after payment. Cyber insurance, taken out by 86% of companies, covers only 62% of attack-related costs. Data stored in the cloud is just as vulnerable as on-premises data, underlining the need to improve IT infrastructures to prevent cyber attacks.
Credit : IT Social