New research commissioned by Cohesity, an AI-powered data security firm, reveals organizations overestimate their cyber resilience capabilities and maturity, leading to significant business continuity disruptions and ransom payments.
The Cohesity Global Cyber Resilience Report 2024, which polled over 3,100 IT and Security decision-makers in eight countries, confirms the threat of cyber attacks — especially ransomware — continue to rise, with the majority of respondents falling victim to a ransomware attack in the last six months, and most having paid a ransom in the past year.
Most respondents said the threat of cyber attacks to their organization’s industry of operation has or will increase in 2024 compared to 2023.
According to respondents, companies’ cyber resilience strategies are holding up against a worsening cyber threat landscape, with close to 4 in 5 (78 percent) saying they have confidence in their company’s cyber resilience strategy and its ability to “address today’s escalating cyber challenges and threa