Subj : A shocking number of firms have lost data due to failed backups
To   : All
From : TechnologyDaily
Date : Fri Sep 08 2023 10:45:03

A shocking number of firms have lost data due to failed backups

Date:
Fri, 08 Sep 2023 09:35:13 +0000

Description:
Companies are recovering less data after incidents than they were before, 
putting themselves at serious risk.

FULL STORY
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A study of hundreds of security decision-makers across large British 
companies has uncovered the sheer number of businesses that have lost or 
risked losing data due to poor backup strategies. 

Hardware-encrypted USB drive maker Apricorn found that, of the nine in 10 
companies that were forced to turn to their backup system, only one-quarter 
(27%) were able to fully recover their information. 

Most alarming is that, despite more sophisticated solutions being available, 
this number is down from 45% in 2022. Companies dont have good backup 
processes in place 

These figures coincide with the rising number of security decision-makers who 
believe that their backups arent robust enough to allow rapid recovery from 
an attack, which now stands at 22%, up from 15% last year. 

Apricorn highlights the growing cases of ransomware, which account for around 
one-quarter (24%) of data breaches, up from 15% in the previous year. 
Attackers have become more aware than ever of the potential value of some 
company data, along with the devastation compromises could cause, leading to 
rapidly increasing cases of ransomware globally. 

Apricorns EMEA managing director, Jon Fielding, suggests that part of the 
problem could be down to a surge in manual backups - automated backups now 
account for just half of the instances observed by the analyses, down from 
93% last year. While manual backups can provide companies and workers with 
greater autonomy, margin for error can be higher and thorough training is 
vital. 

Looking forward, Fielding continues to see value in the 3-2-1 method : Too 
many companies are still at risk from having a single point of failure. 

Using this method, companies should have at least three copies of data, 
stored on at least two different media, at least one of which is offsite. 

Rounding up the research and in a clear nod to the rising cases of ransomware 
and other cyber attacks, Fielding adds that ideally, one offsite location 
should be offline, citing the likes of an encrypted hard drive that can be 
disconnected from the network. More from TechRadar Pro The winning strategy 
for SMB ransomware protection Check out our roundup of the best cloud hosting 
providers Want to lock your data away in a trusted online location? Here are 
the best cloud storage solutions



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Link to news story:
https://www.techradar.com/pro/a-shocking-number-of-firms-have-lost-data-due-to
-failed-backups


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