Data protection emergency: cybersecurity budgets on the rise

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

The respondents stated that their data backup capacities cannot keep pace with the company's requirements. The large discrepancy between the amount of lost data that can be recovered after an outage and the frequency with which data is backed up has increased by 13 percent in the last 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 mainly due to the fact that the challenges companies face in securing their data are immense and becoming more diverse. For the second year in a row, cyber attacks were also the main cause of downtime. 76 percent of companies reported at least one ransomware event in the last 12 months. It is not only the frequency of these incidents that is alarming, but also their scale. 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 and after ransomware attacks. "The best way to ensure that data is protected and recoverable in the event of a ransomware attack is to partner with a specialized third-party provider 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. Although this will only partially reverse the trend of data protection needs outpacing existing capability, it is positive to see that business leaders are 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 why 21 percent of organizations rank the ability to protect workloads deployed in the cloud as the most important buying criteria for enterprise data protection in 2022. 39% believe that IaaS and SaaS capabilities are the key attribute for modern data protection. You can find more information at https://www.veeam.com/de

This article originally appeared on m-q.ch - https://www.m-q.ch/de/datensicherungs-notstand-budgets-fuer-cybersicherheit-steigen/