"Research Shows That Business Continuity Response Measures Are Not Keeping Pace With Cyber Threats"
New research commissioned by Cohesity reveals that most businesses lack the cyber resilience strategies and data security capabilities necessary to address today's escalating cyber threats and maintain business continuity. In addition, cyber resilience efforts are not keeping up with cyber threats, as data security and recovery technology deficiencies reduce cyber insurance eligibility and amplify the repercussions of a successful cyberattack. Comparing the cybersecurity outlook for 2023 to 2022, 93 percent of respondents felt that ransomware attacks posed a greater threat to their industry in 2023. Nearly half of respondents (45 percent) said their company had fallen victim to a ransomware attack within the previous six months. Eighty percent are concerned about their organization's cyber resilience strategy and whether or not it can address cyber challenges and threats. When asked how long their organization would take to recover data and business processes after a cyberattack, over 95 percent of respondents said it would take longer than 24 hours, 71 percent said longer than four days, and 41 percent said longer than a week. This article continues to discuss key findings from the survey of 3,409 Information Technology (IT) and Security Operations (SecOps) decision-makers.