2023 Ransomware Trends: Lessons Learned from 1300 Cyber Attack Victims

An interesting report was just released by Veeam, one of our data security partners about cyberattacks.

Their “2023 Data Protection Trends Report” has revealed that 85% of organizations have experienced at least one cyber attack in the past year, an increase from the previous year’s 76%. This alarming statistic emerged from a survey conducted by an independent research firm involving 1,200 IT leaders whose organizations had experienced a ransomware attack in 2022.

The survey participants, representing organizations of various sizes across 14 different countries provided insights into the impact of ransomware on their operations and future IT strategies and data protection initiatives.

Here are a few alarming highlights:

• Over 70% of survey respondents believe their organizations need significant improvements or a complete overhaul of their backup systems to protect against attack.
• Over 10% of respondents don’t have a ransomware plan in place
• The survey found that cyber attackers were successful in affecting backup repositories in 75% of attacks, thereby rendering 29% of the restorations non-viable.
• On average, it took organizations over 3 weeks to recover from an attack after the initial triage.
• 80% of victims ended up paying the ransom despite having policies against doing so.
• 25% of those who paid could not recover their data.
• 45% of the organizations reported that their production data was affected by a cyber attack, and only 66% of this data was recoverable.

You can download the full report here.

If you have questions or concerns about ransomware and cyber attacks, and how you can better protect yourself, contact us.