New Research from NetApp Finds One in Five Companies Unable to Recover Data After Cyberattack
4.12.2024 14:00:00 CET | Business Wire | Press release
Survey of cybersecurity leaders highlights the importance of data classification in enhancing cyber resilience
NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced the release of its latest report analyzing the state of cybersecurity and offering actionable insights to help organizations strengthen their cyber resiliency. The Futurum Group study, "Cloud, Complexity, AI: The Triple Threat Demanding New Cyber Resilience Strategies" sponsored by NetApp, provides a comprehensive analysis of evolving cyber threats and resiliency strategies.
The study, which surveyed over 1,300 cybersecurity leaders across industries worldwide, reveals that more than 54 percent of organizations experienced a cyberattack in the past 12 to 18 months, with one in five unable to recover lost data. The report highlights the urgent need for enterprises to leverage intelligent data infrastructure to address growing risks posed by sophisticated threats, operational complexity, and the challenges of hybrid multi-cloud environments.
"The findings clearly highlight the urgency for organizations to rethink their cybersecurity strategies in an era of escalating threats,” said Gagan Gulati, General Manager for Data Services at NetApp. "To reduce risks and ensure faster recovery, businesses must adopt an intelligent data strategy that prioritizes secure-by-design infrastructures, embedding security at the core of their data management approach. With data as a company’s most valuable asset, resilient storage solutions—such as those offered by NetApp—serve as the last line of defense in a comprehensive security strategy, safeguarding critical information and enabling long-term success in hybrid multi-cloud environments."
Key Findings:
- Cloud Security Risks: Misconfigurations and vulnerabilities in hybrid multi-cloud environments are now among the top threats, outpacing traditional attacks like ransomware. As organizations rely increasingly on hybrid cloud infrastructures, addressing these vulnerabilities is critical to maintaining data security and operational continuity.
- Tool Sprawl Challenges: Seventy percent of respondents use more than 40 cybersecurity tools, with 84 percent citing operational complexity as a major inhibitor to cyber resiliency. This complexity creates protection gaps and inefficiencies, underscoring the need for tool consolidation and integrated solutions to streamline operations.
- AI in Cybersecurity: Forty percent of organizations are leveraging AI for threat detection, with plans to expand its use for automating response and recovery. AI’s ability to identify and mitigate threats at scale is powerful, but balancing its use with managing false positives and ensuring robust human oversight is essential to its success.
- Data Classification is Key: Organizations with strong data classification frameworks recover from attacks more effectively, emphasizing its role as a cornerstone of cyber resiliency. This underscores the importance of embedding intelligent data infrastructure that not only classifies and protects data but also enables real-time anomaly detection and resilient recovery, enabling business continuity even in worst-case scenarios.
- Increased Investment: Over 90 percent of respondents plan to increase cybersecurity spend in the next 12 to 18 months, focusing on integrated and proactive solutions. Proactive investment can address the rising cost of cyberattacks and the growing complexity of threats, ensuring resilience and operational trust.
NetApp's Intelligent Data Infrastructure framework helps organizations address the cyber resiliency challenges revealed in this report by enabling organizations to take a proactive approach to data protection. By leveraging advanced data classification, AI-driven threat detection, and integrated security measures, organizations can more easily implement stringent governance practices, detect and respond to threats in real-time, and maintain compliance with evolving industry standards. As highlighted by the report, organizations with resilient data infrastructure have seen significant improvements in recovery times and overall data security, demonstrating that it is a critical component in modern cybersecurity strategies.
"This survey sheds light on the critical role of visibility and data-centric strategies in navigating the evolving cybersecurity landscape," said Daniel Newman, CEO at The Futurum Group. "By harnessing intelligent data infrastructure solutions, organizations can better protect their assets, ensure recovery, and thrive amidst disruption."
The report emphasizes the critical role of AI and integrated technologies as game-changers in combating increasingly sophisticated attack vectors. By leveraging AI alongside robust data classification and consolidated toolchains, enterprises can mitigate risks more effectively, reduce response times, and enhance visibility across sprawling hybrid multi-cloud environments.
To explore the full findings of the Cybersecurity Visibility Study 2024 and discover how IT and Security leaders are thinking about challenges and opportunities shaping the future of cyber resilience in the enterprise, visit https://www.netapp.com/media/120378-netapp-cloud-complexity-ai.pdf.
Methodology
In Fall 2024, NetApp collaborated with Futurum Research to conduct a comprehensive survey of over 1,300 cybersecurity leaders worldwide. The respondents included C-Level executives, Vice Presidents, and Directors in IT and Security, representing a diverse range of industries. The report draws on insights from the survey, as well as 15 in-depth interviews with selected decision-makers, offering a detailed analysis of the challenges and opportunities shaping the cybersecurity landscape today.
Additional Resources
- Empowering Cyber Resilience in the Digital Age
- The State of Cyber Resiliency 2024/2025
- Cyber Resilience: The Most Secure Storage on the Planet
About NetApp
NetApp is the intelligent data infrastructure company, combining unified data storage, integrated data services, and CloudOps solutions to turn a world of disruption into opportunity for every customer. NetApp creates silo-free infrastructure, harnessing observability and AI to enable the industry’s best data management. As the only enterprise-grade storage service natively embedded in the world’s biggest clouds, our data storage delivers seamless flexibility. In addition, our data services create a data advantage through superior cyber resilience, governance, and application agility. Our CloudOps solutions provide continuous optimization of performance and efficiency through observability and AI. No matter the data type, workload, or environment, with NetApp you can transform your data infrastructure to realize your business possibilities. Learn more at www.netapp.com or follow us on X, LinkedIn, Facebook, and Instagram.
NETAPP, the NETAPP logo, and the marks listed at www.netapp.com/TM are trademarks of NetApp, Inc. Other company and product names may be trademarks of their respective owners.
About The Futurum Group
The Futurum Group is the fastest- growing independent tech research, intelligence, media, and advisory firm. Its organic growth is driven by emerging technologies and innovation across its clientele of more than 260 global companies. Futurum covers twelve major technology sectors: AI & data analytics, cloud, telecom, policy, consumer electronics, enterprise applications, security, semiconductors, workplace collaboration, sustainability, and CX. In 2023 it has acquired half a dozen companies in areas of research, intelligence, media, and performance testing and validation.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241204675480/en/
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Vena To Acquire Acterys, Creating a New Category of Enterprise Performance Management: Orchestrated Planning3.2.2026 17:00:00 CET | Press release
The acquisition unites finance foresight and IT innovation in the first Microsoft-native Orchestrated Planning environment, helping enterprises plan better and achieve more by turning strategy into aligned execution in real time. Vena, the only complete FP&A platform powered by agentic AI and purpose-built to amplify the Microsoft technology ecosystem, today announced it has entered into a definitive agreement to acquire Managility Pty Ltd, operating as Acterys (“Acterys”), the industry’s leading Power BI–based operational planning and app development platform, subject to customary closing conditions and regulatory approval. This acquisition unlocks a category-defining way for enterprises to combine planning, analytics, and application development within the Microsoft tools they already trust to run their business. By combining Vena’s Excel-native financial planning and analysis (FP&A) capabilities with Acterys’ proprietary Power BI write-back engine and unified analytics within Micros
Volante Technologies named a Leader in Gartner® Magic Quadrant™ for Banking Payment Hub Platforms3.2.2026 16:15:00 CET | Press release
Volante believes its solutions provide complete always-on payment processing support for banks and financial institutions across all tiers Volante Technologies, the global leader in Payments as a Service (PaaS), today announced its recognition as a Leader in the 2026 Gartner® Magic Quadrant™ for Banking Payment Hub Platforms, which evaluates vendors based on Ability to Execute and Completeness of Vision. In Volante’s view, Gartner positioned them as a Leader based on their capacity to support enterprise-scale payment processing in banks and financial institutions across multiple regions, deployment models, and operational environments. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260203149834/en/ This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. As the highest positioned provider in Ability to Execute, Volante believes its AI-pow
Toptal Ranked #1 Most Reliable Professional Services Company in America by Newsweek3.2.2026 16:00:00 CET | Press release
Toptal, the world’s largest fully remote workforce, has been ranked the #1 most reliable professional services company in America on the America’s Most Reliable Companies 2026 list by Newsweek and Statista. The list ranks top US companies based on trust, dependability, and consistent performance in their industry. In Newsweek’s ranking of 300 companies across all industries, Toptal took 10th place, right behind Bank of America and Oracle, which tied for 9th. As the most reliable professional services organization in America, Toptal, which ranked 11th in absolute rankings across all companies, placed well ahead of companies like Accenture (33), Deloitte (39), and Cognizant (66). The America’s Most Reliable Companies 2026 ranking is based on an independent survey of more than 80,000 evaluations submitted by 2,400 business decision-makers at America’s largest companies, including Apple, Dropbox, Johnson & Johnson, and UPS, making this recognition an especially meaningful indicator of prod
HTEC Research Reveals the Real AI Scaling Challenge: It’s Not the Technology3.2.2026 15:46:00 CET | Press release
Global executive survey finds AI momentum is real—but leadership alignment, capability gaps, and ROI clarity are slowing enterprise impact AI has moved from ambition to action. Every organization is deploying it. Yet for most enterprises, the real challenge is only just beginning. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260203951136/en/ HTEC, a global AI‑first provider of software and hardware design and engineering services, released Executive Summary: A Cross‑Industry View of the State of AI in 2025, a global research report capturing how senior executives are navigating the next phase of AI transformation—and why scaling value remains elusive. Today, HTEC, a global AI‑first provider of software and hardware design and engineering services, released Executive Summary: A Cross‑Industry View of the State of AI in 2025, a global research report that captures how senior executives are navigating the next phase of AI tra
Yubico Reveals 265% ROI and 99.99% Reduction in Risk of Exposure to Addressable Breach Risk Costs According to Total Economic Impact Study3.2.2026 15:00:00 CET | Press release
Effectiveness of Yubico’s technology: $5.3 million Net Present Value and $7.3 million in total benefits over three years, driven by 80% faster authentication and reduced help desk burden Yubico (NASDAQ STOCKHOLM: YUBICO), a modern cybersecurity company and creator of the most secure passkeys, today announced the results of a commissioned Total Economic Impact™ (TEI) of Yubico YubiKeys study conducted by Forrester Consulting. The study, comprised of interviews with global enterprises with over 5,000 employees, found that a composite organization based on interviewed customers achieved a 265% return on investment (ROI) and a net present value (NPV) of $5.3 million over three years by replacing traditional multi-factor authentication (MFA) and one-time passwords (OTPs) with phishing-resistant YubiKeys. In an era of high-quality deepfakes and generative AI-driven extortion, the study shows a critical shift in cybersecurity: traditional MFA is no longer sufficient to stop modern MFA-bypass
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom