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You are at:Home»Managing resilience»Technology»New report looks at the State of Data Resilience in the Enterprise (Page 41)
Technology

New report looks at the State of Data Resilience in the Enterprise

August 22, 20242 Mins Read
Digital chains showing data security and resilience.

Arcserve has published a new survey-based report, the ‘State of Data Resilience in the Enterprise’. The survey of senior U.S. based IT leaders highlights that while the vast majority of organizations recognize how critical proprietary data is to their ongoing operations, more than 25% could not confidently say that their company leaders took this topic seriously.

Key findings include:

  • 97% of survey respondents agree that their proprietary data is ‘moderately’ or ‘extremely’ critical to their company’s success.
  • 25%+ of survey respondents couldn’t say that their company’s leaders worry about taking proper care of the organization’s data.
  • 69% of respondents said their organization’s business operations would come to a halt if it lost access to its data.
  • 89% of survey respondents’ organizations expect to increase their data protection budget in the future.
  • 47% of survey respondents say their organization has experienced significant revenue loss due to data loss incidents.
  • 43% of respondents’ companies faced regulatory fines due to inadequate data protection measures.
  • 40% of companies have experienced data loss due to a SaaS application breach in the past year, and yet only 42% of all SaaS applications are monitored and secured by organizations themselves, leaving the rest in the hands of third parties or ‘unattended’.
  • On average, 30% of survey respondents’ data could not be recovered after a successful ransomware attack.

3-2-1-1 backup strategies

Arcserve says that the best practice for effective ransomware resilience and data loss prevention is the 3-2-1-1 backup strategy: having three copies of company data; storing backups on two different types of media; keeping one copy of the data offsite; and ensuring one copy is immutable. However, the survey found that almost a quarter of survey respondents say their organization has not adopted the 3-2-1-1 backup strategy.

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