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NEW YORK, December 8, 2021— Continuity™, the primary devoted storage and backup safety supplier, in the present day introduced findings from its Safety Intelligence Report: Evaluation of Storage and Backup Safety within the Monetary Providers & Banking Sector. This in depth research – the primary of its sort – explores the safety posture of storage and backup environments within the world monetary providers business.
The survey of 200 monetary providers corporations and banks from 45 international locations revealed that almost all of those organizations haven’t but reached a passable stage of storage and backup maturity. Notably, greater than half (52%) of the respondents weren’t strongly assured about their storage and backup safety, and 1 / 4 (25%) famous they had been considerably involved (low or no confidence).
When organizational knowledge is compromised, the final line of protection lies within the storage and
backup environments. Latest years have witnessed an alarming development within the quantity
and class of data-centered assaults – primarily ransomware. Within the monetary and banking industries, digital knowledge price could also be so excessive {that a} well-orchestrated assault on each storage and backup might wipe out a major quantity of the group’s worth, probably affecting total economies.
The report revealed:
· Greater than two-thirds (69%) of the respondents imagine an assault on their storage surroundings may have ‘important’ or ‘catastrophic’ influence;
· Almost 60% of the respondents are usually not assured of their means to get better from a ransomware assault;
· Over two thirds of the respondents talked about securing storage and backup methods has been particularly addressed in current exterior audits, but storage (57%) and backup methods (47%) had been the 2 lowest focus areas of organizations’ vulnerability administration applications.
· Constantly altering priorities (44%), organizational silos (42%), and lack of expert personnel (41%) had been essentially the most outstanding challenges to reaching efficient storage and backup safety.
“The truth that so many current ransomware assaults have been profitable, and the alarming proportion of organizations which have elected to pay to get their knowledge again quite than depend on their very own capabilities, illustrates the gravity of the hour,” stated Doron Pinhas, CTO, Continuity. “The outcomes of this research highlighted the numerous challenges going through the monetary sector. When it comes to securing storage and backup methods, most organizations are a number of steps behind within the race towards fashionable data-criminals, cyber-terrorists, or hostile nation-states. Far higher focus have to be positioned on bettering the safety posture of storage and backup, and extra stringent controls and testing have to be utilized to make sure the power to get better from an assault.”
Learn the total report to study extra in regards to the challenges going through monetary establishments in the present day, and the important thing alternatives for enchancment.
Extra Sources
· Learn the NIST Information for Storage Safety – co-authored by Continuity.
· Go to our weblog for storage safety insights and recommendation from firm executives and consultants.
Methodology
Continuity commissioned a web based survey of CISOs that passed off from June 10 to August 10, 2021.
The 200 validated respondents signify a cross-section of organizations from 45 international locations, together with USA, UK, China, Singapore, Canada, Australia, Bangladesh, Brazil,
Egypt, India, Indonesia, Israel, Italy, Kenya, Malaysia, Mexico, Pakistan, Philippines, Portugal, Russia, Saudi Arabia, South Africa, Sri Lanka, Sweden, and the UAE.
Responses had been grouped by matters, and the outcomes of associated questions had been inspected for consistency. Share values have been rounded as much as the closest entire quantity.
About Continuity
With the rise in cybersecurity threats, Continuity is the one answer supplier that helps enterprises shield their knowledge by securing their storage & backup methods – each on-premises and within the cloud. Continuity’s StorageGuard enhances present data-protection and vulnerability administration options, by including a layer of safety that stops attackers from penetrating storage and backup methods, which can lead to gaining management over virtually all of an enterprise’s crucial knowledge.
Amongst Continuity’s prospects are the world’s largest monetary providers corporations and Fortune 500 enterprises, together with six of the highest 10 US banks. For extra info, please go to www.continuitysoftware.com
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