Backup Repositories Targeted in 93% of Ransomware Attacks

The ransomware threat is nonetheless extremely much alive, with 85% of organizations acquiring experienced from at the very least 1 these attack in excess of the previous 12 months, according to Veeam’s 2023 Ransomware Trends Report.

If this development proceeds, “more companies will undergo a ransomware attack than transform a financial gain,” warns the report.

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Veeam also uncovered that in 93% of ransomware incidents, the menace actors concentrate on the backup repositories, ensuing in 75% of victims dropping at least some of their backups for the duration of the attack, and additional than one particular-third (39%) of backup repositories currently being totally dropped.

The report showed that businesses are continue to unwell-geared up to encounter this menace.

To start with, most (80%) carry on to pay back the ransom even with various advisories from it. They mostly do that to get their knowledge back, yet 21% do not, even immediately after shelling out the ransom.

Go through extra: Ransomware Encryption Fees Reach New Heights

Furthermore, numerous respondents to Veeam’s study accept that development needs to be made in incident reaction. For case in point, regardless of 87% declaring they have a risk management application that drives their security roadmap, only 35% believe their plan is operating nicely and 52% are looking for to improve their situation.

Moreover, while respondents cited ‘clean backup copies’ and ‘recurring verification that the backups are recoverable’ as the most widespread aspects of the incident reaction playbook in planning in opposition to a cyber-attack, 60% of organizations say there is inadequate alignment involving their backup and cyber teams.

In accordance to Danny Allan, CTO at Veeam, these results demonstrate that organizations should emphasis more on recovery plans. “We need to have to emphasis on successful ransomware preparedness by concentrating on the basics, which include solid security steps and testing the two authentic data and backups, making certain survivability of the backup options, and making sure alignment throughout the backup and cyber teams for a unified stance,” he stated.

Conclusions from Veeam’s 2023 Ransomware Traits Report come from a survey conducted by unbiased industry investigate organization Vanson Bourne of 1200 IT leaders representing companies of all sizes from 14 nations in Asia, Pacific and Japan, EMEA and the Americas. The report was offered during VeeamON 2023, an on the web celebration having put on Could 22-25, 2023, and released to the general public on May 24.