Data protection emergency: cybersecurity budgets on the rise
At 89 percent of companies, data backup is coming up short, while budgets to deal with the growing cyber threat are increasing. A major manufacturer of backup solutions has identified such a data protection emergency.
The discrepancy between a company's expectations and the IT department's ability to meet them has never been greater. This is evident from the Veeam Data Protection Trends Report 2022 highlights. This report, for which more than 3,000 IT decision-makers worldwide were surveyed, found that 89 percent of companies do not adequately protect their data. In addition, 88 percent of IT executives would expect budgets for data protection to increase more than IT spending in general. Data is simply becoming more and more important to business success, and the challenges of protecting that data are becoming more and more complex. This makes it all the more striking that there is still a kind of data backup emergency in many places.
The data protection gap is widening
Respondents said their data backup capabilities are not keeping up with the demands of the business. The large discrepancy mentioned at the outset between the amount of lost data that can be accommodated after an outage and how often data is backed up has increased by 13 percent over the past 12 months. This indicates that the amount and importance of data continues to increase, but so do the challenges of protecting that data in a satisfactory manner. This is primarily due to the fact that the challenges companies face in backing up data are immense and becoming more diverse.
For the second year in a row, cyber attacks were also the leading cause of downtime. Seventy-six percent of organizations reported at least one ransomware event in the last 12 months. Not only is the frequency of these incidents alarming, but so is their magnitude. Per attack, organizations were unable to recover 36 percent of their lost data, proving that data protection strategies are currently unable to help organizations prevent, remediate and recover from as well as after ransomware attacks. "The best way to ensure data is protected and recoverable in the event of a ransomware attack is to work with a specialized third-party vendor and invest in an automated and orchestrated solution that protects the myriad data centers and cloud-based production platforms that businesses of all sizes rely on today," said Danny Allan, CTO at Veeam.
Companies face a data backup emergency
To close the gap between data protection capabilities and the growing threat landscape, organizations will spend about 6 percent more annually on data protection than on general IT investments. While this will do little to reverse the trend of data protection needs outstripping existing ability to implement them, it is positive to see business leaders recognizing the urgent need for modern data protection.
As the cloud continues on its path to becoming the dominant data platform, 67 percent of organizations are already using cloud services as part of their data protection strategy, while 56 percent are already using containers in production or plan to do so in the next 12 months. Platform diversity will increase in 2022, with the balance between data centers (52 percent) and cloud servers (48 percent) converging. This is one reason 21 percent of organizations rank the ability to protect workloads deployed in the cloud as the most important enterprise data protection purchase criteria in 2022. Thirty-nine percent believe IaaS and SaaS capabilities are the critical attribute for modern data protection.
You can find further information under https://www.veeam.com/de
