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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 intensive examine – 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 companies and banks from 45 nations revealed that almost all of those organizations haven’t but reached a passable degree 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. Current 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 value 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, doubtlessly affecting whole economies.
The report revealed:
· Greater than two-thirds (69%) of the respondents imagine an assault on their storage atmosphere may have ‘vital’ or ‘catastrophic’ influence;
· Practically 60% of the respondents are usually not assured of their skill to get well from a ransomware assault;
· Over two thirds of the respondents talked about securing storage and backup methods has been particularly addressed in latest exterior audits, but storage (57%) and backup methods (47%) had been the 2 lowest focus areas of organizations’ vulnerability administration packages.
· Repeatedly altering priorities (44%), organizational silos (42%), and lack of expert personnel (41%) had been probably the most outstanding challenges to attaining efficient storage and backup safety.
“The truth that so many latest ransomware assaults have been profitable, and the alarming share of organizations which have elected to pay to get their knowledge again slightly than depend on their very own capabilities, illustrates the gravity of the hour,” mentioned Doron Pinhas, CTO, Continuity. “The outcomes of this examine highlighted the numerous challenges dealing with the monetary sector. By way of securing storage and backup methods, most organizations are a number of steps behind within the race in opposition to trendy data-criminals, cyber-terrorists, or hostile nation-states. Far better 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 well from an assault.”
Learn the complete report back to be taught extra in regards to the challenges dealing with monetary establishments in the present day, and the important thing alternatives for enchancment.
Further Assets
· 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 specialists.
Methodology
Continuity commissioned a web-based survey of CISOs that occurred from June 10 to August 10, 2021.
The 200 validated respondents symbolize a cross-section of organizations from 45 nations, 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 subjects, and the outcomes of associated questions had been inspected for consistency. Proportion 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 defend their knowledge by securing their storage & backup methods – each on-premises and within the cloud. Continuity’s StorageGuard enhances current data-protection and vulnerability administration options, by including a layer of safety that stops attackers from penetrating storage and backup methods, which may end up in gaining management over virtually all of an enterprise’s important knowledge.
Amongst Continuity’s prospects are the world’s largest monetary providers companies 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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