New NetApp research finds that one in five companies cannot recover data after cyber attack

New NetApp research finds that one in five companies cannot recover data after cyber attack

2024-12-05 03:11:00

NetApp® (NASDAQ: NTAP), an intelligent data infrastructure company, today announced the release of its latest report, which analyzes the state of cybersecurity and provides actionable insights to help organizations strengthen their cyber resilience. The Futurum Group study, “Cloud, Complexity, AI: The Triple Threat Demanding New Cyber ​​Resilience Strategies“, sponsored by NetApp, provides a comprehensive analysis of evolving cyber threats and resilience strategies.

The study, which interviewed more than 1,300 cybersecurity leaders across multiple industries around the world, reveals that more than 54% of organizations have suffered a cyberattack in the last 12 to 18 months, with one in five unable to recover lost data . The report highlights the urgent need for enterprises to leverage intelligent data infrastructure to address the growing risks posed by sophisticated threats, operational complexity and challenges of hybrid multi-cloud environments.

“The findings clearly highlight the urgency for organizations to rethink their cybersecurity strategies in an era of intensifying threats,” said Gagan Gulati, general manager of data services at NetApp. “To reduce risk and ensure faster recovery, businesses must adopt a smart data strategy that prioritizes securely designed infrastructures, integrating security at the heart of their data management approach. Because data is an enterprise’s most valuable asset, resilient storage solutions like those offered by NetApp serve as the last line of defense in a comprehensive security strategy, protecting critical information and enabling long-term success in environments of multiple hybrid clouds.”

Main findings:

  • Cloud security risks: Misconfigurations and vulnerabilities in hybrid multi-cloud environments are now among the top threats, surpassing traditional attacks like ransomware. As organizations increasingly rely on hybrid cloud infrastructures, addressing these vulnerabilities is essential to maintaining data security and operational continuity.
  • Tool Dispersal Challenge: 70% of respondents use more than 40 cybersecurity tools, with 84% citing operational complexity as a significant inhibitor to cyber resilience. This complexity creates protection gaps and inefficiencies, highlighting the need for consolidation of integrated tools and solutions to optimize operations.
  • AI in cybersecurity: 40% of organizations are leveraging AI for threat detection, with plans to expand its use to automate response and recovery. AI’s ability to identify and mitigate threats at scale is powerful, but balancing its use with managing false positives and ensuring strong human oversight is essential to its success.
  • Data classification is key: Organizations with strong data classification frameworks recover from attacks more effectively, emphasizing the role this plays as a pillar of cyber resilience. This highlights the importance of integrating smart data infrastructure that not only classifies and protects data, but also enables real-time anomaly detection and resilient recovery, enabling business continuity even in worst-case scenarios.
  • Biggest investment: More than 90% of respondents plan to increase cybersecurity spending over the next 12 to 18 months, focusing on integrated and proactive solutions. Proactive investment can address the rising cost of cyberattacks and the growing complexity of threats, ensuring resilience and operational confidence.

NetApp’s intelligent data infrastructure framework helps organizations address the cyber resilience challenges revealed in this report, enabling them to take a proactive approach to data protection. By leveraging advanced data classification, AI-driven threat detection, and integrated security measures, organizations can more easily implement strict governance practices, detect and respond to threats in real time, and maintain compliance with evolving industry standards. As highlighted in the report, organizations with resilient data infrastructure see significant improvements in recovery times and overall data security, proving to be a critical component in modern cybersecurity strategies.

“This research highlights the critical role of visibility and data-centric strategies when it comes to navigating the evolving cybersecurity landscape,” said Daniel Newman, CEO of The Futurum Group. “By leveraging intelligent data infrastructure solutions, organizations can better protect their assets, ensure recovery, and thrive in disrupted times.”

The report emphasizes the critical role of AI and integrated technologies as game-changers when it comes to combating increasingly sophisticated attack vectors. By leveraging AI alongside robust data classification and consolidated toolsets, enterprises can more effectively mitigate risks, reduce response times, and improve visibility across dispersed, hybrid multi-cloud environments.

To review all the findings from the 2024 Cybersecurity Visibility Study and discover how IT and security leaders are thinking about the challenges and opportunities that are shaping the future of cyber resilience in the enterprise, visit https://www.netapp.com/media/120378-netapp-cloud-complexity-ai.pdf.

Methodology

In spring 2024, NetApp collaborated with Futurum Research to conduct a comprehensive survey of more than 1,300 cybersecurity leaders from around the world. Interviewees included C-level executives, vice presidents and directors in IT and security, representing a diverse range of sectors. The report draws on information obtained from the survey, as well as 15 in-depth interviews with selected decision makers, offering an in-depth analysis of the challenges and opportunities that are shaping today’s cybersecurity landscape.

Additional Resources

About NetApp

NetApp is the intelligent data infrastructure company, uniting unified data storage, integrated data services and CloudOps solutions to transform a world of disruptions into opportunities for every customer. NetApp creates silo-free infrastructure, leveraging observability and AI to enable industry-leading data management. As the only enterprise-grade storage service natively built into the world’s largest clouds, our data storage offers continuous flexibility. Additionally, our data services create a data advantage through superior cyber resilience, governance and application agility. Our CloudOps solutions provide continuous performance and efficiency optimization through observability and AI. Regardless of the data type, workload or environment, with NetApp, you can transform your data infrastructure to realize the possibilities of your business. Find out more at www.netapp.com or follow us on X, LinkedIn, Facebook e Instagram.

NETAPP, the NETAPP logo and the brands listed in www.netapp.com/TM are trademarks of NetApp, Inc. Other company and product names may be trademarks of their respective owners.

About The Futurum Group

The Futurum Group is the fastest-growing independent technology research, media, intelligence and consulting firm. Its organic growth is driven by emerging technologies and innovation across its clientele of more than 260 global companies. Futurum covers twelve major technology sectors: AI, data analytics, cloud, telecommunications, policy, consumer electronics, enterprise applications, security, semiconductors, workplace collaboration, sustainability and consumer experience. In 2023, it acquired half a dozen companies in the areas of research, intelligence, media, and performance testing and validation.

The original language text of this announcement is the official authorized version. Translations are provided as a facility only and must refer to the text in the original language, which is the only version of the text that has legal effect.

New NetApp research finds that one in five companies cannot recover data after cyber attack

Contact:

Media Contact:

Kenya Hayes

NetApp

[email protected]

Contact with investors:

Kris Newton

NetApp

[email protected]

Source: BUSINESS WIRE

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How does NetApp’s​ intelligent data ⁣infrastructure framework contribute to enhancing an organization’s cyber resilience?

⁢ Cyber resilience is an organization’s capability to adapt and continue operations in the face of evolving cyber threats. It involves creating a robust cybersecurity ⁤posture that encompasses business continuity, information systems security, ⁢and organizational resilience.

Here are the key elements of cyber resilience:

* ** ​proactive threat detection and ⁤response**: Using​ AI-powered security solutions to identify ‌and mitigate ​threats in real time.

* **Strong data classification**:⁣ Having a well-defined framework to categorize data based on its sensitivity and applying⁢ appropriate security controls.

* ‍**Investing in ‍integrated solutions**: Focusing on ⁤consolidated security tools and strategies for improved visibility⁤ and coordinated response to attacks.

This approach allows organizations to:

* **Minimize‍ downtime**: Maintaining operational continuity even during cybersecurity incidents.

* **Protect critical data**: Safeguarding sensitive information from unauthorized access or ⁣exposure.

* **Reduce financial losses**: Minimizing ⁢the costs associated with data‍ breaches and recovery efforts.

* **Maintain customer​ trust**: Ensuring reliable operations ⁤and ⁣safeguarding customer data builds confidence in the organization.

The provided text highlights NetApp’s intelligent data infrastructure framework as a key enabler of cyber resilience. It emphasizes the importance of ⁣AI, data classification, and ⁤integrated security ⁤measures‌ for ‍effectively navigating today’s ⁣complex cybersecurity landscape.

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