Cohesity Research Shows Businesses Are Open to Paying Ransoms Due to Cyber Resilience and Data R…>
– Business Wire
SAN JOSE, Calif.–(BUSINESS WIRE)–Jul 25, 2023– New research commissioned by Cohesity , a leader in data security and management, reveals the majority of businesses do not have the necessary cyber resilience strategies or data security capabilities required to address today’s escalating cyber threats and maintain business continuity.Respondents also revealed that their business’ cyber resilience and data security capabilities have not kept pace, with 80% expressing concerns about their organization’s cyber resilience strategy and whether it can ‘ address today’s escalating cyber challenges and threats ’ 1. Business continuity is critical even when adverse cyber events arise, however, businesses are slow to respond because they lack the capability to recover data and restore business processes quickly.Diving deeper into cyber resilience and data recovery expectations versus reality, 90% of respondents said their business would consider paying a ransom, with close to 3 in 4 (74%) saying ‘Yes’ their organization would pay, if it meant being able to recover data and business processes, or recover faster.“Therefore, it’s no surprise that 9 in 10 respondents said their business would consider paying a ransom to maintain continuity.” When asked about the biggest barriers to their organization being able to get back up and running in the event of a successful cyberattack, respondents said their top three challenges were integration between IT and security systems (34%), a lack of coordination between IT and security (33%) and antiquated backup and recovery systems (32%).
Link: https://www.businesswire.com/news/home/20230725702169/en/