Survey shows huge lack of confidence in business continuity strategies for cyber attacks
- Published: Friday, 21 April 2023 08:00
Almost all IT and security leaders (96 percent) globally are concerned their organization will be unable to maintain business continuity following a cyber attack, according to a new study released today by Rubrik.
‘The State of Data Security by Rubrik Zero Labs: The Hard Truths of Data Security’ provides a view into the data security landscape, what IT and security leaders experienced and struggled with in 2022, and the actions and steps they are taking to establish real cyber resilience.
Rubrik Zero Labs commissioned the global study with Wakefield Research to gather insights from more than 1,600 IT and security leaders — half of which were CIOs and CISOs — across 10 countries.
Supplemented by Rubrik telemetry, key findings of the report include:
Everyone is ‘doing’ data security, but reality and results vary
- Data security is becoming increasingly complex and the datasets that require securing are growing rapidly. Rubrik internal data revealed that on average, the growth of data secured in 2022 was 25 percent (on premises grew 19 percent, cloud grew 61 percent, and SaaS data secured grew 236 percent last year).
- More than half (56 percent) of organizations currently employ at least one zero trust initiative.
- However, only 56 percent of IT and security leaders developed or reviewed an incident response plan in 2022, and 54 percent tested backup and recovery options.
Legacy data backups are falling short
- 99 percent of external organizations reported having backup and recovery technology, with 93 percent encountering significant issues with their solution.
- Nine out of ten external organizations reported malicious actors attempted to impact data backups during a cyber attack, and 73 percent were at least partially successful in these attempts.
- Nearly three quarters (72 percent) of organizations reported paying a ransomware demand.
- Only 16 percent of all global organizations recovered all of their data via attacker decryption tools.
New and constantly evolving problems are met with the existing challenges pre-dating an intrusion
- Almost half (47 percent) of IT and security leaders believe their 2023 cyber security budget is not enough of an investment.
- 27 percent expect their IT and cyber security budgets to decrease in 2023.
- IT and security leaders will need to work at bringing their teams together with only 4 percent stating there are no factors limiting the IT and security alignment requiring their attention this year.
‘The State of Data Security: The Hard Truths of Data Security’ was commissioned by Rubrik and conducted by Wakefield Research among 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, Netherlands, Japan, Australia, Singapore, and India between February 10th and February 21st, 2023.