ESG Report: 2023 Ransomware Preparedness

Vulnerable to ransomware attacks? This new Enterprise Strategy Group (ESG) study shows you how to prepare 

Build ransomware resilience and keep your business running, even when disaster strikes

With 3 in 4 respondent organizations having experienced a successful ransomware attack in the last 12 months, data protection is top-of-mind for IT and cybersecurity professionals. In fact, 65% of IT and cybersecurity professionals surveyed consider ransomware among the top 3 threats to their organization. And for good reason: according to the ESG Ransomware Study, 84% of organizations have lost some of their data in a ransomware attack.

Readiness is crucial to ransomware mitigation, yet significant gaps exist for most companies. According to ESG’s report, only 16% of companies were able to recover all their data after an attack. In this study, ESG research connects the dots for how organizations can prepare for such an event – and prevent such data loss in the future - using recommended planning and best practices.

What can I learn from the report?

The report shines light on the prevalence of ransomware attacks, showing that it’s a matter of when, not if. Given that many organizations have yet to define a clear data protection strategy, the report outlines why and how this exposes organizations to risk – and potential ways to mitigate these threats.

You’ll learn why it pays to be prepared – as well as strategies your organization can take to do so. Backing up your data can save your organization a significant amount of time and skip the extended downtime that many businesses experience when cyber disasters strike.

As IT leaders, cyber security, and IT professionals alike are deeply concerned about the impact of ransomware attacks, the report highlights strategies for building resilience against ransomware threats.

Key questions addressed in the study:

• How frequent are ransomware attacks?
• How can you prepare your organization for such an attack?
• What are the best ways to prevent data loss in case of a data breach?
• What are some common obstacles (and solutions) in securing proper security controls?
• What are granular restores and air-gapping and how can they protect your data?
• How can you minimize recovery time in the event of a ransomware attack?
• How can third-party backup prepare your organization for potential cybersecurity threats?
  
  

The report will help you to:

• Understand the measures some organizations have in place to defend against ransomware threats.
• Examine the state of ransomware mitigation best practices along with readiness, prevention, response, and recovery stages.
• Segment levels of ransomware preparedness for all key defense phases.
• Identify priorities and plans associated with mitigating the ransomware threat in the upcoming 12-18 months.

The key to ransomware resilience

Restoring data from a backup solution was named as the go-to cyber recovery strategy by respondents.

But 74% of respondents were still concerned that their backups could be compromised by ransomware as well.

Keepit has the solution. With true third-party cloud backup, Keepit offers you immutable data copies stored on a separate infrastructure for optimal security. This means your data is safe and can be restored easily – no matter what.