Cohesity named a Leader again!

2024 Gartner® Magic Quadrant™ for Enterprise Backup and Recovery Software Solutions

Get the report

EXECUTIVE SUMMARY

Global cyber resilience survey 2024

This year’s third annual global survey, commissioned by Cohesity and conducted by Censuswide, gathered responses from 3,139 IT and Security Operations (SecOps) decision-makers (split 50/50 between the two groups). The survey polled public and private organizations in the United States, the United Kingdom, Australia, France, Germany, Japan, Singapore, and Malaysia in June 2024.

Notable survey results

Organizations often overestimate their cyber resilience capabilities and maturity, failing to address deficiencies in data recovery speed or ability. Their willingness to pay big ransoms makes this clear.

Only 2% said they could recover data and restore business processes within 24 hours.
75% said their company would pay over $1 million to recover data and restore business processes.
Of those, 22% said their company would pay over $3 million.

Nearly all see rising cyber threats

96% said the threat of cyberattacks to their industry would increase or had increased this year, with 59% saying it had or will increase by over 50% compared to 2023.

Additional areas of concern

69% said their organization had paid a ransom in the last year.

77% said their company had a ‘do not pay’ policy.

42% said their org could identify sensitive data and meet data privacy laws.

58% lack the IT and Security capabilities to do both.

A lack of data access control measures undermines Zero Trust Security.

48% haven’t deployed MFA, leaving critical data vulnerable.

69%

said their organization paid a ransom in the last year.
Here’s how much they paid.

Perceived risk by industry

Percent of respondents who consider the following sectors most at risk

IT & Technology 40 %

Banking & Wealth
Management 27 %

Financial Services 27 %

Telecommunications & Media 24 %

Government & Public
Services 23 %

Utilities 21 %

Manufacturing 21 %

Respondents were asked to select their Top 7 industries. This is why the percentage figures total over 100% for this data set.

Belief that attacks or threats are likely AI based

According to respondents, organizations must now contend with AI-based cyberattacks or cyber threats, with 80% saying they had responded to what they believe to be AI-based attacks or threats within the last 12 months.