While migration to the cloud is at an all-time high, so is the growth of ransomware peddlers. New research released last month shows the current spurt in ransomware attacks will last another two years.
The Veritas report, “The Vulnerability Lag,” explores the ransomware risks resulting from accelerated digital transformation in the wake of the Covid-19 pandemic.
Veritas Technologies surveyed more than 2,000 global IT leaders whose organizations have undertaken pandemic-led digital transformation. The study found the majority are severely vulnerable to ransomware attacks because they have been unable to keep pace with the accelerated digitization.
To close that technology gap, organizations would need to spend an average of $2.47 million to in their technology strategy within the next 12 months. The average organization experienced nearly three ransomware attacks that led to downtime in the past 12 months. Ten percent were hit with ransomware more than five times, according to the Veritas report.
A global IT talent shortage makes it unlikely that enterprises can hire enough new IT staff to meet the cloud security challenge, warned Andy Ng, vice president and managing director for Asia South and Pacific Region, Veritas Technologies.
The results of this survey are not surprising, noted Douglas Murray, CEO at Valtix. Unfortunately, most organizations are dealing with a ticking time bomb of security concerns and technical debt built up over years of fragmented cloud efforts.
“Multicloud makes matters worse. This has left many organizations trying to play catch up while also dealing with the complexity of mastering cloud security, which is fundamentally different than on-premises security,” he told TechNewsWorld.
Comments
Post a Comment