The latest business continuity news from around the world

New research shows that the majority of organizations don’t have confidence that their business continuity strategies will be effective following a successful cyber attack. This is one of the findings in ‘The State of Data Security’, a Wakefield Research study commissioned by Rubrik Zero Labs to gather insights from more than 1,600 security and IT leaders including CISOs, CIOs, VPs, and Directors across 10 countries.

Key findings include:

  • 92 percent of respondents are concerned they will be unable to maintain business continuity if they experience a cyber attack.
  • Only 5 percent of organizations were able to return to business continuity or normal operations within one hour of discovering a cyber attack.
  • One third believe their board has little to no confidence in their organization’s ability to recover critical data and business applications after a cyber attack. 
  • 76 percent of survey respondents reported their organization is likely to consider paying a ransom following a cyber attack. 
  • 11 percent of IT and security leaders said they had not adequately addressed vulnerabilities from previous cyber events.
  • Nearly every leader surveyed experienced a cyber attack over the past year, and on average faced 47 attacks in that timeframe - or nearly one cyber attack per week. 
  • 52 percent reported a data breach and 51 percent reported facing a ransomware attack in the past year.
  • 96 percent of respondents reported experiencing significant emotional or psychological consequences following a cyber attack, ranging from worries over job security (43 percent) to loss of trust among colleagues (37 percent).
  • Approximately one third of respondents reported leadership changes as a result of a cyber attack.
  • Approximately one third of leaders surveyed said their IT and SecOps teams were either somewhat or not at all aligned when it came to defending their organizations.

Report methodology

Wakefield Research gathered responses from 1,625 IT and security decision makers at companies of 500 or more employees. Respondents were made up of approximately half CIOs and CISOs and half VPs and Directors of IT and Security. The research was conducted in the US, UK, France, Germany, Italy, Japan, Australia, Singapore, and India between July 18th and July 27th, 2022.

More details.

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