How Bad Was the Ransomware Attack?

In terms of impact to the business, this report identified that 45% of production data was encrypted or affected during a ransomware attack. And the numbers are getting even worse from earlier research that was done just nine months ago. Taking a further look at these trends globally and by respondent roles, the 2023 Ransomware Trends Report sheds light on this threat to businesses and their ability to recover from ransomware. Covered in this report are topics on data impact, ability to recover and recovery timelines that are specific to:

  • How much data was affected by the cyberattack?
  • Were you able to recover your backups?
  • What was the remediation/recovery timeframe?

Organizations run the risk of losing one third of their data, meaning just 66% of product data is recoverable after a cyberattack. But the question still remains: What part of production data is an organization willing to lose? Considering recovery time, it takes an average of 24 days to regain a foothold on the organizations’ production data after every attack. Not many businesses can run the risk of limited to no access to the information that runs their day-to-day operations. Gain more insights provided in the 2023 Data Protection Trends Report from Veeam on this research that was contracted with a global research firm to survey organizations of all sizes across 14 countries around the world. 

The 2023 Ransomware Trends Report provides insights into:

  • Organizational alignment between cyber and backup teams – and their executive leadership.
  • What is in most risk management roadmaps and incident response playbooks?
  • How ransoms were paid and what is changing in cyber insurance?
  • How many organizations, even if they had policies not to – and were they able to recover?
  • How pervasive was the attack and how much data were they able to eventually recover?
  • Were the criminals able to affect the backup repositories or that prevented them?
  • How did organizations ensure not re-infecting their environments during recovery?

The first look at the 2023 ransomware trends data was presented at VeeamON 2023, the Community Event for Data Recovery Experts in May 2023. Over the next several weeks, we’ll be looking at the topics below, unpacking the research results and discussing how these findings are affecting cyber resiliency strategies for 2023 and beyond.

Be sure to check out our June 6 LinkedIn Live session, on continued coverage in this series — and keep an eye out for more in this blog series, with additional blog posts and corresponding livestream sessions:

  1. How bad are the attacks?
  2. How often were villains able to impact the backup repositories to force payment?
  3. What are organizations’ moving forward and where do they intend to recover from the next cyberattack or other disaster? How fast are organizations able to restore the business?
  4. How do you ensure not re-infecting the environment during recovery?

We hope to connect with you at the June 6 LinkedIn Live session, and remember to download the full report at 2023 Ransomware Trends Report.

If you have questions about this, or any of Veeam’s many other research projects, feel free to contact us at StrategicResearch@veeam.com.

 

About the 2023 Ransomware Report: the 2023 Ransomware Trends Report is the latest and largest research report based on unbiased cyber victims in the history of backup and availability, as surveyed by an independent research firm with 1,200 responses from 14 countries that summarizes nearly 3,000 cyberattacks. Download the full 2023 Ransomware Trends Report to get access to all the lessons learned from other CISOs, SecPros, IT Ops and Backup Admins. Want to learn more about cyber resiliency solutions at Veeam? Visit the Veeam Ransomware Solutions page.

 

2023 Global Report
Ransomware Trends
Lessons learned from 1,200 victims
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