A significant increase in enterprise cyber-attacks and disruption has been reported amid the COVID-19 pandemic, says new report from Dell.
Increase in remote workforce and addition of several personal devices and third parties to
existing networks, has resulted in the risk associated with network vulnerabilities and breaches. A latest report from Dell Technologies’ Global Data Protection Index 2020 Snapshot says disruptive events including cyber-attacks, data loss, and system downtimes are three main threats to a company’s data.
It is essential for enterprises to become more resilient and implement air-gapped solutions that are physically disconnected while protecting their data. This is especially important as cybercriminals are looking for new opportunities to cause disruptions.
The report notes that enterprises manage more than 13.50 petabytes of data on an average, up by whopping 831% since 2016. The costs associated with data loss are on average $1 million over the last year. Nearly 85% of companies in 2019 experienced a disruptive event, up from 76% in 2018. As per the report, 70% fear their organization will suffer a similar disruption within the next year. In 2019, costs associated with system downtime were more than $810,000 on average, up 54% since 2018.
The risk of cyber incidents is on the rise, mainly due to the increase of additional vendors for data protection. According to the report, companies using more than one data vendor are twice as vulnerable to an incident preventing them from accessing their data. There are 80% of enterprises who use data protection from at least two providers.
The majority of companies are leveraging artificial intelligence (AI) and machine learning (ML) to cloud edge technical infrastructure. Several organizations also felt these technologies made data protection more complex. Sixty-one percent of respondents believe these technologies pose risks to current data protection efforts. Most of them feel it is essential for data protection providers to protect cloud-native applications. As we enter the next data decade, resilient, reliable, and modern data protection strategies are essential in helping businesses make smarter, faster decisions and combat the effects of costly disruptions.