Hardly a week passes without news of a household name brand having its business brought to a standstill by a ransomware attack. Malicious individuals are developing more sophisticated attack methods to encrypt an enterprise’s data – or even whole systems – and demanding ransom.
At the same time, enterprises are pursuing hybrid multi-cloud strategies, moving more of their data, workloads and applications to the cloud to take advantage of its inherent flexibility and scalability to accelerate innovation while maintaining centralised control. News reports indicate the COVID-19 pandemic has accelerated this trend, because companies have embraced additional cloud platforms to support widespread remote work as employees maintained social distancing.
To examine these trends further, Veritas commissioned a study with market research firm Wakefield Research to survey 2 690 IT professionals and executives in 21 countries. The purpose was to understand their level of ransomware resiliency, how deeply they had been impacted by ransomware attacks and how much their cloud strategy was increasing their IT complexity, potentially putting them at risk.
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