Veeam used its annual user event, VeeamON, in Miami this week to publish the results of a survey on ransomware, highlighting some alarming statistics that raise concerns for businesses of all sizes.
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Veeam is a backup and recovery company, so one might wonder why it would publish research on network security. The reality is, ransomware recovery has become a top use case for backup and recovery.
While companies will continue to spend on security tools to keep the bad guys out, when they are breached and their data is locked away, their ability to quickly restore data can make the difference between being able to keep business operations running with minimal disruption or spending bitcoin and hoping for the best. Veeam’s 2023 RansomwareTrends provides an excellent reality check on the growing threat of ransomware and how businesses are responding.
The independent research firm surveyed 1,200 IT managers across 14 countries who experienced at least one ransomware attack in 2022. One in seven organizations could potentially have had more than 80% of their data compromised due to a ransomware attack. Most organizations (80%) paid the ransom to recover their data. The report highlights the importance of data backup as a strategy against ransomware. Another worrying trend revealed in the report is the rising cost and declining coverage of cyber insurance.
Proposal: Veeam fixes a bug that allows backup infrastructure to be compromised
What to do
The report recommends that businesses adopt a more proactive approach to ransomware. Given the high likelihood of cyber attacks and the significant data loss that can result from each attack, organizations should place great emphasis both on preventing cyber attacks and on preparing effective recovery strategies.
Finally, Veeam advises businesses to keep clean backup copies and regularly check their recoverability as part of their risk management strategy. Other recommendations include using “staged recoveries” for gradual data restoration and preventing re‑infection of the system during recovery. This is important because if infected data is restored, a second ransomware incident is likely to occur. Finally, implementing hybrid IT architectures can help organizations with an overall disaster recovery strategy by recovering servers on different platforms.
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source of information: siliconangle.com
